{"id":362494,"date":"2021-11-04T19:00:00","date_gmt":"2021-11-04T16:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/chainlinks-total-value-secured-surpasses-75b-as-defi-continues-to-surge\/"},"modified":"2021-11-04T19:00:00","modified_gmt":"2021-11-04T16:00:00","slug":"chainlinks-total-value-secured-surpasses-75b-as-defi-continues-to-surge","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/chainlinks-total-value-secured-surpasses-75b-as-defi-continues-to-surge\/","title":{"rendered":"# Chainlink\u2019s total value secured surpasses $75B as DeFi continues to surge"},"content":{"rendered":"<p>&#8220;<strong># Chainlink\u2019s total value secured surpasses $75B as DeFi continues to surge  <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>The total value secured by the Chainlink network has officially surpassed $75 billion, marking a new milestone for the decentralized oracle solution that has become synonymous with price data services for the rapidly growing DeFi sector.\u00a0<\/p>\n<p>With the milestone, Chainlink has become \u201cone of the most value securing forms of decentralized consensus on the planet,\u201d according to protocol co-founder Sergey Nazarov. Chainlink is also one of the fastest-growing networks in all of crypto, with smart contract value secured <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/chainlink\/status\/1344765450002046976\">growing<\/a> by a factor of ten since last year.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">2020 was a year of record growth for the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw\">#Chainlink<\/a> Network. Here\u2019s an overview of key metrics, like our adoption in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&amp;ref_src=twsrc%5Etfw\">#DeFi<\/a>, implemented research, &amp; blockchain integrations. Thank you to our great community and the amazing smart contract developers we are lucky to work with. OK;LG <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/4E543ALVX6\">pic.twitter.com\/4E543ALVX6<\/a><\/p>\n<p>\u2014 Chainlink &#8211; Official Channel (@chainlink) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/chainlink\/status\/1344765450002046976?ref_src=twsrc%5Etfw\">December 31, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>Chainlink, which is comprised of independent oracle nodes, has seen rapid uptake across several leading blockchains, including Ethereum, Binance Smart Chain and Avalanche. DeFi <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lications built on these and other blockchains use Chainlink oracle networks to power their smart contracts, bringing market data to on-chain financial applications. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Associated Press plans to launch Chainlink node to publish data<\/em><\/strong><\/p>\n<p>Since debuting its mainnet in May 2019, Chainlink has launched over 700 oracle networks, which have secured over 600 million data points across ten blockchains. As Cointelegraph reported in July, the oracle network has onboarded an average of 1.4 new partners each day in 2021.<\/p>\n<p>Demand for oracle services has grown exponentially with the arrival of DeFi, or decentralized finance. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/defillama.com\/\">Measured<\/a> by total value locked, or TVL, the DeFi sector is currently worth over $253 billion. The industry was virtually non-existent when Chainlink launched its mainnet two and a half years ago.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2021-11\/d46aac1e-726c-4919-9ee7-d4fc47ea4e35.png\"><figcaption style=\"text-align: center;\"><em>The DeFi industry has charted exponential growth for the past two years. Source: defillama.com<\/em><\/figcaption><\/figure>\n<p>When asked about the growth of \u201cmetaverse\u201d <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a>, which was punctuated by <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a>\u2019s total rebranding to Meta, Sergey Nazarov told Cointelegraph that Chainlink \u201calready powers multiple Metaverse applications across DeFi, NFTs and gaming.\u201d He further explained:<\/p>\n<blockquote><p>\u201cWe fully expect smart contracts to power the new relationships being formed in the metaverse, especially since these relationships need to be inherently trustless, due to the new level of identity that the metaverse makes possible.\u201d<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Axie Infinity, Decentraland and \u2018metaverse\u2019 cryptos rally after Facebook rebrands to Meta<\/em><\/strong><\/p>\n<p>As Nazarov explained, Chainlink is using the Cross-Chain Interoperability Protocol, or CCIP, to connect various universes. CCIP \u201cwill use Chainlink oracles to enable users to move digital assets and execute smart contracts across the various chains used throughout the metaverse,\u201d he said, adding:<\/p>\n<blockquote><p>\u201cI anticipate the trustless metaverse does require trustless data, trustless off-chain compute and the ability to utilize multiple chains, all of which Chainlink is being heavily relied upon for already.\u201d<\/p><\/blockquote>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/chainlink-s-total-value-secured-surpasses-75b-as-defi-continues-to-surge\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Chainlink\u2019s total value secured surpasses $75B as DeFi continues to surge &#8221; The total value secured by the Chainlink network has officially surpassed $75 billion, marking a new milestone for the decentralized oracle solution that has become synonymous with price data services for the rapidly growing DeFi sector.\u00a0 With the milestone, Chainlink has become&#8230;<\/p>\n","protected":false},"author":1,"featured_media":362495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMTEvYzhjYjBkZjYtYTQ4NS00MGVjLTgwNWYtNTM0YWE0NGMxZTY0LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,75167,75434,80225,72366],"class_list":["post-362494","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-chainlink","tag-smart-contracts","tag-value","tag-data"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/362494","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=362494"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/362494\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/362495"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=362494"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=362494"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=362494"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}