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.
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We're excited to announce the results of an industry-wide corporate actions initiative between Chainlink, Euroclear, Swift, & 6 financial institutions.
We successfully demonstrated how AI, oracles & blockchains can solve a decades-long unstructured data challenge in finance🧵⬇️
Read the full report below, which covers the solution design, key outcomes, participant insights, and the next phase of the initiative: pages.chain.link/hubfs/e/transf…
The Challenges With Corporate Actions Today
Corporate actions events (e.g., dividends, stock splits, tender offers, mergers and acquisitions, etc.) present one of the most complex unstructured data problems in the financial world.
Today’s inefficient corporate action processes cost regional investor, broker, and custodian businesses approximately $3-5 million each annually, with 75% of firms re-validating custodian and exchange data manually.
Initially presented in human-readable formats like PDFs and press releases, corporate actions data undergoes a complex journey through custodians, brokers, fund managers, exchanges, and ultimately investors.
Key challenges include:
• No standard method for announcing events
• Extensive manual data cleaning efforts
• Lack of standardized data
• Fragmented ecosystem
• No single source of truth
1/ #Chainlink Data Streams is now live on @avax with @GMX_IO V2.
How Data Streams levels up GMX’s DeFi perps with high-throughput market data and automated execution 🧵 prnewswire.com/news-releases/…
2/ Data Streams offers next-gen speed while utilizing Chainlink’s credibly neutral oracle infrastructure.
The low-latency oracle solution enables GMX to deliver a seamless UX by providing unprecedented onchain execution speed and security. gmxio.substack.com/p/gmx-v2-is-no…
3/ Data Streams involves two main components:
1. Low-latency oracles serving an offchain stream of high-fidelity market data at a sub-second frequency.
2. Automation infrastructure that monitors for transactions, retrieves offchain data, & bundles them with settlement orders.
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