Community Trust ScoreVerified
Chainlink Official Channel expressed: Chainlink is, the most widely used decentralized oracle network, has officially crossed $75 billion in Total Value Secured (TVS).
The importance of this milestone cannot be overstated: Not only has Chainlink become the de facto standard for connecting smart contracts to real-world data and systems. It has also become one of the most value-securing forms of decentralized consensus on the planet.
Since mainnet launch, over 700 Chainlink oracle networks, made up of independent nodes run by world-class enterprises, data providers, and DevOps teams, have gone live. To date, they have served over 600 million data points to over 10 different blockchains.
Market data in DeFi is just the first area where Chainlink is securing & triggering massive amounts of smart contract value. Chainlink oracles continue to bring new datasets on-chain, such as weather data from Googlecloud and & accuweather & sports & election results from AP.
Solutions like the AWS Chainlink Quickstart, a result of a collaboration between Chainlink and AWS Partners, make it even easier for companies to deploy Chainlink oracle nodes and bring all sorts of data into the blockchain economy through enterprise-grade middleware.
Chainlink has also grown beyond data delivery & entered the realm of computation. Oracle computation expands the capabilities of blockchains through decentralized services such as randomness (VRF) & automation (Keepers) & is evolving to support privacy, scalability, and more.
As the blockchain ecosystem becomes increasingly multi-chain, the Cross-Chain Interoperability Protocol (CCIP) will enable users to move tokens & execute smart contracts across any chain, public or private. Chainlink oracles = natively blockchain agnostic & credibly neutral.
Developers: Chainlink is your key to smart contract utility, whether you’re building DeFi or NFTs, & no matter what chain. Enterprises: Chainlink is your gateway to blockchains. Users: oracles are the invisible backbone of this ecosystem. Their capabilities are only growing.
Community response: Great, so when will the network generate enough fees you don’t have to subsidize it with link anymore?
Why the double standard? That’s like asking when Solana won’t have to subsidize with SOL anymore or Ethereum with ETH, or Avalanche with AVAX, or any number of other chains.
Bitcoin isn’t powered by user fees. Neither is Ethereum. Neither is avalanche. 95%+ of what miners get paid in comes from inflation. Chain links is analogous. Oracle nodes get paid subsidies until the feeds can pay for themselves.
I want transparency. I want to see the fees generated per feed & subsidies move up/down based on fees & need for subsidies. Transparency everyone should want & it’s crazy to me the subsidies are a constant & not fluctuating
