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Chainlink started as an ERC-677 token on Ethereum in 2017. Today it secures over 80% of Ethereum's DeFi by Total Value Secured. Aave's $50B+ TVL in lending markets runs on Chainlink price feeds. Lido's $24B+ in liquid staked ETH relies on Chainlink oracles. Hundreds of other Ethereum protocols depend on Chainlink to function. The Chief Scientist behind it is Ari Juels, who co-formalized Proof of Work in a 1999 paper, NINE years before Bitcoin existed. SWIFT (11,500 partnering banks, $150 trillion moved annually) is building their onchain infrastructure using Chainlink. UBS completed the first production tokenized fund workflow with it. JPMorgan settled tokenized treasuries cross-chain through it. Yet Chainlink ranks outside the top 10 by market cap. In fact, they sit #20. Memecoins (yes, I include Ripple here) with no fundamental utility rank higher ☠️ As an admitted Chainlink rabbit hole explorer, I have my biases. But I’ve spent considerable effort looking at the tech and the partnerships to understand why their decentralized oracle networks could be the missing link to institutional adoption of Ethereum and crypto writ large. I hope you won’t mind that I made an enthusiastic 28 minute video about it. Full disclosure: This is unpaid content but admittedly, I lean hyper bullish and the video shows it. I didn’t cover downside arguments such as the centralization concerns because I wanted to present the strongest possible case. Happy to take any comments and foster constructive discussion here! Watch my explainer here: https://youtu.be/dHiHR9jeuF8 ————— If we're meeting for the first time, hi 👋! I find crypto youtube to be a giant cesspool. As a result, I started building my channel to spread the good word on good work in crypto — something with substance and humanity. Dropping a like, sub, and comment goes a LONG way to supporting me, so please consider doing so! submitted by /u/haochizzle |
