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.
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.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
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.
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.
Payment Abstraction has been connected to Chainlink SVR—a novel MEV recapture solution recently launched on mainnet, with @aave as the first user.
Chainlink Smart Value Recapture (SVR) is a novel oracle solution that enables DeFi apps to recapture the non-toxic MEV derived from their use of Chainlink Price Feeds.
SVR was built in collaboration with @bgdlabs, Flashbots, & @aave DAO contributors.
Introducing the Multistream upgrade for Chainlink Data Streams.
One decentralized oracle network (DON) can now support 1000s of unique data points per second—a 1000x throughput increase.
We've also improved operations to allow Streams to be launched faster than ever before 🧵
Chainlink Data Streams is a pull-based oracle solution, where data's aggregated offchain at sub-second intervals & users can pull data onchain at any time.
This enables the creation of high-frequency DeFi apps secured by Chainlink’s decentralized low-latency data infrastructure.
Multistream is a new parallelized architecture for Data Streams.
A single Multistream DON can now serve 1000s of data points in parallel across chains and any range of asset classes.