Chainlink onboards an average of 1.4 new partners each day in 2021

Leading oracle provider, Chainlink, has onboarded partner integrations at a rate of more than 1.4 daily during 2021 so far. According to the archives of Chainlink’s ecosystem portal, 281 different crypto projects have announced integrations during 2021 so far, with the calendar currently 201 days into the year. With all time third-party Chainlink integrations currently totaling 650, that means 43% of the project’s partners were onboarded this year. By contrast, roughly 250 partners integrated with Chainlink during all of 2020. While many of Chainlink’s partners are little-known projects in their…

Move Over Chainlink, UNI Might Offer a Better Oracle

Key Takeaways UNI tokens could be used to relay a secure price feed for ETH/USD due to Uniswap’s high market cap. A higher market cap means acquiring enough UNI tokens to create an oracle attack would be too expensive for hackers. Vitalik Buterin said Chainlink’s current incentive system is not perfect and Chainlink is better used on more complex issues. Share this article The co-founder of Ethereum argued for the necessity of a centralized price oracle with a high market capitalization to make any attack prohibitively expensive. In this case,…

Alpha Finance Turns to Chainlink, Band for Oracle Solutions

Key Takeaways Alpha Finance is launching an oracle aggregator. It will initially use data from Band Protocol and Chainlink. The Alpha Finance team said that the update would make their DeFi products more secure and reliable. Launched in Oct. 2020, Alpha Finance has quickly become one of DeFi’s leading projects. Its Alpha Homora product contains over $1 billion in total value locked on Ethereum. Share this article DeFi Staple Alpha Finance is bringing together price feeds from multiple sources.  Alpha Finance Merges Price Feeds Alpha Finance is launching the Alpha…

Oracle Tokens Chainlink, Band Protocol Surge to New Highs

Key Takeaways Chainlink made a new all-time high of $51.30, sending most short-term holders into the green. On the other hand, Band Protocol whales have gone into a buying spree, suggesting BAND will soon catch up. These cryptocurrencies sit on top of massive demand barriers that could slow down any potential sell-offs. Share this article A spike in profit-taking may strike Chainlink in the near term leading to a pullback, while Band Protocol seems to have the buying pressure needed to make new all-time highs.  Chainlink Investors Rejoice in Profits …

“Hybrid Smart Contracts” Will Change DeFi and the World, Says Chainlink CEO

Key Takeaways The Chainlink 2.0 whitepaper was released this week. It details further integration of off-chain systems into on-chain smart contracts. Sergey Nazarov believes DeFi will eventually become the cornerstone of the financial system. Share this article In a recent interview at BlockDown 2021, the co-founder of Chainlink detailed how the current macro environment is bound for a steep crash akin to the 2008 financial crisis. At that point, Sergey Nazarov believes DeFi will be the only alternative. Chainlink CEO Introduces “Hybrid Contracts” Chainlink published a monumental 100 pages long…

Oracle Tokens Chainlink, Band Protocol Enter New Bull Rally

Key Takeaways Chainlink continues trending upward, making a new record high of $44.30 recently. Likewise, Band Protocol broke out of a seven-month-long bullish continuation pattern to hit a new all-time high of $23.30. Further buying pressure could push these cryptocurrencies even higher regardless of the recent gains. Share this article Chainlink and Band Protocol have recently made new all-time highs. Though some investors may take advantage of the rising price action to book profits, these cryptocurrencies show no signs of slowing. Chainlink Looks Unstoppable Chainlink made headlines after releasing a…

Chainlink releases new whitepaper in a shift toward smart contract computations

Chainlink (LINK) has unveiled its new whitepaper on Thursday, which details a planned expansion and pivot into creating oracle networks for computation. The proposal would see Chainlink generalize its oracle network into a “meta layer” of Decentralized Oracle Networks, or DONs. The new architecture supports a larger selection of use cases, expanding its suite of services to off-chain computation of data. In Chainlink’s vision, these computational oracles would create a class of “hybrid smart contracts” where part of the logic could be offloaded to the oracles. The new oracle networks…

CipherTrace and Chainlink Just Made DeFi More Compliant

CipherTrace’s DeFi Compli, a new compliance oracle on Chainlink, assists DeFi projects in following OFAC sanctions and block blacklisted cryptocurrency addresses. CipherTrace to Keep DeFi Compliant DeFi Compli is targeted at helping DeFi projects be compliant with the Office of Foreign Assets Control (OFAC), a financial intelligence agency that enforces economic sanctions supporting U.S. national security. DeFi Compli has been developed on Chainlink, a decentralized oracle network that connects real-world data with any blockchain. As part of the solution, CipherTrace will implement a Chainlink node and provide relevant compliance feeds…

Chainlink releases native Substrate module to bring its oracles to Polkadot

Polkadot and Chainlink have announced the release of Chainlink’s Price Feeds as a module, or “pallet” in Polkadot terminology, for the Substrate blockchain framework. The release means that any project building on the Substrate framework — which includes Polkadot and Kusama parachains, as well as independent blockchains — can integrate Chainlink oracles through a simplified library. The announcement comes as the latest result of a long-standing collaboration between Chainlink and Polkadot, now offering a tangible product that can enable a number of DeFi-centric use cases on Polkadot. The integration as…

Chainlink Whales Sell With Little Support Ahead

Key Takeaways Chainlink has endured a month-long consolidation period without providing any clear signals of where it is heading next.  On-chain data shows that mid-sized whales have been selling or redistributing their holdings, adding credence to the bearish outlook.  Only a daily candlestick close above the $29 resistance barrier could save LINK from a 43% correction.  Share this article Chainlink looks indecisive from a technical perspective, but on-chain metrics suggest mounting downward pressure with little to no support underneath it.  Chainlink Consolidates Within Narrow Range Chainlink continues consolidating without providing…