Blockchain oracle network Chainlink revealed that the value of smart contracts getting data via its solutions surged past $75 bln.
Related: Cardano Partners With Chainlink to Upgrade Its Ecosystem
Various leading chains and L2 networks use its price feeds.Released in 2019, on Ethereum, Chainlink solves the problem of smart contracts to fetch data. As stated by the protocol, the overall number of released oracle networks has surpassed 700. Till now, they were used in over 600 million data points across 10 various chains.
1/ #Chainlink, the most widely used decentralized oracle network, has officially crossed $75 billion in Total Value Secured (TVS).
— Chainlink - Official Channel (@chainlink) November 4, 2021
Today, a vast array of top apps across leading blockchains & layer-2 networks use Chainlink services to trigger & secure their smart contracts.
As the crypto market keeps getting larger, the number of blockchain protocols cooperating with Chainlink increases and new dapps enter the market. Among them are NFT projects, yield aggregators, games, lending platforms, etc.
On September 25, the Cardano blockchain announced a partnership with Chainlink to allow Cardano developers to create smart contracts for dapps.
The native token of Chainlink, LINK currently is the 15th largest crypto with a market cap of about $14.8 billion. Currently, LINK trades at $31.92. Its all-time high was $52.88 reached on May 10, 2021.