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Chainlink Profile picture
@chainlink
Dec 31, 2021 • 8 tweets • 4 min read • Read on X
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2021 was a year of massive growth for #Chainlink. Thank you to all the developers, node operators, data providers, community members, and contributors who helped make this past year a success.

Here are 7 key pillars of Chainlink's 2021 momentum: blog.chain.link/the-year-in-ch…
1/ The Total Value Secured (TVS) of the Chainlink Network surpassed $75B, a 10x+ increase on the previous year.

Chainlink now supports 700+ oracle networks, with oracles feeding market data & other datasets on-chain, such as weather data, sports stats, Proof of Reserve, & more.
2/ The Chainlink ecosystem now consists of 1,000+ projects, with half of all integrations taking place in 2021.

Chainlinked applications secure the majority of TVL across #DeFi lending & derivatives markets, supported by oracle networks that bring critical market data on-chain.
3/ Chainlink oracles have serviced 2.5M+ requests for secure off-chain computation.

Chainlink VRF and Chainlink Keepers have expanded support to more blockchains, providing developers access to a secure and reliable source of verifiable randomness and DevOps automation.
4/ As a blockchain-agnostic protocol, Chainlink has expanded to support 12 chains and layer-2 scaling solutions.

When Chainlink oracles are deployed on a new network, that on-chain ecosystem experiences a surge of growth as developers are empowered to build more advanced dApps.
5/ Across 2 Chainlink hackathons, there were:

11,000+ signups
420+ submissions
$730k+ in prizes

The open-source dev ecosystem supporting Chainlink has rapidly grown, with 3,300+ pull requests from 180+ contributors in 2021 & 4,000+ public GitHub repos now referencing Chainlink.
6/ Chainlink is the leading oracle network in terms of enterprise adoption.

Top enterprises like the AP, AccuWeather, AWS, GCP, & Swisscom joined the Chainlink ecosystem to access the blockchain economy and help the Chainlink Network securely deliver 1.1B+ data points on-chain.
7/ Chainlink is supporting the growth of the #multichain ecosystem by developing the Cross-Chain Interoperability Protocol (CCIP).

Cross-chain innovation is set to unlock massive value across global industries and help enable the shift to a world powered by cryptographic truth.

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More from @chainlink

Chainlink Profile picture
Aug 23
Chainlink had a number of successful economic product launches this year:

💱 Payment Abstraction
🏦 Chainlink Reserve
🪙 Chainlink Rewards: Season Genesis
🔁 Chainlink Smart Value Recapture (SVR)

What these milestones mean for the broader Chainlink ecosystem 🧵↓ Image
1. Chainlink Payment Abstraction

Introduced earlier this year, Payment Abstraction enables users to pay for services in their preferred form of payment (onchain crypto or offchain fiat).

These fees are then programmatically converted to LINK via a DEX.

2. Chainlink Reserve

Launched earlier this month, the Chainlink Reserve is a strategic onchain reserve of LINK tokens, funded by offchain and onchain revenue.

The Reserve is being built up by using Payment Abstraction to convert revenue to LINK.

Read 6 tweets
Chainlink Profile picture
Jul 17
JUST IN: The U.S. House has officially passed the GENIUS Act.

This is a historic moment for the crypto industry as GENIUS establishes the first clear regulatory framework for fiat-backed stablecoins in the world’s largest economy 🧵↓Image
Stablecoins are the most established onchain use case, with over $250 billion already onchain. They enable global access to the U.S. dollar with near-instant settlement, low fees, and 24/7/365 availability.
But regulation isn’t the only critical piece needed to enable stablecoins at scale. Stablecoins also need infrastructure that ensures transparency, interoperability, and regulatory compliance as they integrate into global finance.

Led by @SenatorHagerty, @RepFrenchHill, and @SenatorTimScott, the GENIUS Act takes an important step by requiring monthly public disclosures of stablecoin reserves, including asset types and custody details.

Stablecoin issuers can adopt real-time proof of reserves and proof of composition to build on this foundation and close audit gaps not addressed by periodic disclosures.

As the largest provider of in-production proof of reserve solutions, Chainlink is uniquely suited to meet this requirement.

blog.chain.link/the-need-for-p…Image
Read 4 tweets
Chainlink Profile picture
Jun 24
We’re excited to announce that Chainlink and @Mastercard have partnered to enable billions of cardholders to purchase crypto directly onchain.

prnewswire.com/news-releases/…

Chainlink verifies and synchronizes key transaction details to enable Mastercard holders to access crypto directly onchain.

This marks a major step forward in the mainstream adoption of Web3. Chainlink and Mastercard power the new @swapperfinance platform, with @ZeroHashX providing the onchain service and access to liquidity needed to convert fiat into crypto with seamless smart contract execution, alongside @Shift4, and @xswap_link, with liquidity sourced from @Uniswap.

Combining Mastercard’s global payments technology and Chainlink’s industry-standard infrastructure creates a secure user experience for billions 🧵Image
The Chainlink-powered Swapper Finance app is live today, enabling cardholders to purchase crypto directly onchain from decentralized exchanges.

Swapper Finance leverages XSwap, the leading DEX built out of the Chainlink ecosystem that uses the Chainlink standard for data and interoperability.

Explore: swapper.financeImage
Mastercard’s Raj Dhamodharan on partnering with Chainlink: Image
Read 4 tweets
Chainlink Profile picture
Apr 29
Blockchain isn’t just for finance.

Tamper-proof recordkeeping, real-time transparency, & secure automation can help modernize a wide range of government and public sector operations.

Here are 10+ ways that blockchain can strengthen U.S. federal agencies 🧵↓
1. Food & Drug Administration (FDA)

Secure Recordkeeping for Food Safety and Recalls

Food safety incidents can spread across a complex supply chain.

Blockchain can be used to log inspection dates, temperature records, & other key data at critical points in the food supply chain.
2. U.S. Patent and Trademark Office (USPTO)

Verifiable Record of IP Transfers and Licensing

Patent and trademark ownership transfers, along with licensing agreements, can be recorded onchain to create a time-stamped, verifiable history of changes in rights and control.
Read 13 tweets
Chainlink Profile picture
Apr 21
The world’s assets are moving onchain.

But what does the tokenization process look like?

Here’s a 7-step overview—and why Chainlink’s infrastructure is essential for the full tokenized asset lifecycle ↓ Image
Step 1: Choose the asset.

First, asset issuers decide what they want to tokenize.

It can be real estate, bonds, in-game items, gold, or even trademarks.

If it has value, it can be tokenized.Image
Step 2: Define the token type.

Next, issuers decide how the asset will be represented—as a fungible token (e.g., ERC-20), a non-fungible token (e.g., ERC-721), or another format.

Token standards provide flexibility to meet the asset’s requirements.Image
Read 9 tweets
Chainlink Profile picture
Mar 31
We’re excited to announce Chainlink Payment Abstraction is officially live on mainnet, enabling user fees to be converted into LINK.

Network fees generated from Chainlink SVR—including @aave's usage of SVR—will now be converted to LINK.

🧵👇
blog.chain.link/payment-abstra…
Payment Abstraction is a cross-chain-enabled payment system that reduces payment friction in the Chainlink Network.

It allows users to pay for Chainlink services with the assets they already have (e.g., gas tokens), which are automatically converted to LINK via @Uniswap. Image
Payment Abstraction has been connected to Chainlink SVR—a novel MEV recapture solution recently launched on mainnet, with @aave as the first user.

More on Chainlink SVR ⬇️
blog.chain.link/chainlink-smar…Image
Read 7 tweets

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