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
We’re excited to share the results of a new Smart NAV industry pilot between @The_DTCC, Chainlink, and 10 of the world’s largest financial institutions that delivered key mutual fund data onchain.
Processing $2+ quadrillion annually, The Depository Trust and Clearing Corporation (DTCC) is the premier post-trade market infrastructure that provides clearing, settlement, asset servicing, data management, & trade reporting around millions of security transactions each day.
The pilot demonstrated how DTCC and Chainlink can make net asset value (NAV) data available across virtually any private/public blockchain.
This enables automated data dissemination and historical data access, which unlocks a multitude of use cases around fund tokenization.
Here's what #Chainlink is up to at the world's largest developer and engineering conference 🧵👇
🎙️ Talks
Join Chainlink Labs Developer Advocate Richard Gottleber on February 22 at 9:30AM PT for a skeptic's introduction to building on the blockchain: developerweek2024.sched.com/event/1aDVe
💻 Hackathons
There are $2,000 in prizes on offer for the #DevWeek2024 hackathon projects that best leverage the power of Chainlink and blockchain technology.
1/ Cross-chain security isn't a nice-to-have—it's a necessity for all chains and protocols that want to keep their user funds secure.
How CCIP achieves the highest level of security 🧵
2/ CCIP features multiple layers of decentralization and an independent Risk Management Network for verifying transactions, making it the only cross-chain interoperability protocol that reaches the highest level of cross-chain security. blog.chain.link/five-levels-cr…
3/ CCIP’s Risk Management Network utilizes security design principles from the aerospace industry to maximize redundancy & fault tolerance.
This first-of-its-kind innovation is the only solution that can provide robust security for the cross-chain economy.blog.chain.link/ccip-risk-mana…
This new case study showcases how ANZ Bank (@ANZ_AU)—one the world’s largest banks with $1+ trillion in total assets under management—successfully demonstrated cross-chain tokenized asset settlement with #Chainlink CCIP.
Using the ANZ Digital Asset Services (DAS) portal along with CCIP as an abstraction layer, the case study demonstrated how ANZ customers could use CCIP to securely transfer ANZ-issued stablecoins cross-chain to purchase nature-based assets.
“Chainlink CCIP played a key role in abstracting away the blockchain complexity of moving tokenized assets across different chains and ensuring atomic cross-chain DvP.”—Lee Ross, Technology Domain Lead, @ANZ_AU
#Chainlink is pushing the boundaries of what's possible with NFTs, one oracle service at a time.
A thread on NFT innovation 🧵
When you think of #NFTs, you're probably envisioning something like a #CryptoPunk—a unique, 1-of-1 token with an image attached to its metadata that never changes.
This static format represents most NFTs today. But what else is possible with NFTs?
Imagine you have a house NFT. Every time something in it is upgraded, the NFT updates to reflect this. When the house is sold, the token is transferred to its new owner.
1/ What’s the real difference between Web2 and Web3?
Cryptographic truth.
🧵👇
2/ Web2 runs on centralized servers that leave you vulnerable.
You have to trust medical companies not to leak your personal details, online stores to protect your credit card info, and social media companies not to censor you.
3/ Society has a trust problem, yet almost all of the world’s agreements are backed solely by weak paper promises—“just trust us” agreements where a central administrator holds all of the power.