Thread by @alpha_pls

1/ #Chainlink makes blockchains inherently more useful.

I want to show you what happens to the demand for L1 tokens when Chainlink oracles are integrated.

Anyone who spotted this trend would have made a significant amount of money in 2020 and 2021.

A thread 🧵👇

$LINK

2/ Looking at the dates when price feeds went live across various different L1s we can see a clear trend.

The price of L1 tokens rise massively once they have integrated @Chainlink price feeds.

3/ Once developers get access to secure, decentralised oracles they are able to build their dApps more quickly; and in many cases, can only then release their dApps because they can trust the security of the Chainlink network.

4/ This causes L1s to have more dApps for users, creating more use-cases and ultimately drives significantly more demand for their respective tokens.

5/ Even more specifically, they allow for safe money markets to exist: borrowing/lending etc.

6/ Let's look at this effect in action across different blockchains 👇

7/ Chainlink price feeds first went live on Ethereum and essentially enabled defi summer. The parabolic rise on Ethereum can be seen to follow.

$ETH

8/ $MATIC was one of the best performing tokens of 2021. They were the second blockchain after Ethereum to integrate it. Chainlink price feeds going live enabled many use cases on their side chain. Their token price went absolutely nuts subsequently.

9/ #Avalanche integrated Chainlink price feeds in July last year and we can see the same effect on the chart. $AVAX has been in incredible demand.

10/ What about Fantom? Same result. Parabolic rise in the price of $FTM.

11/ Harmony only just integrated Chainlink in December, but we can see the effect already. If the evidence from other blockchains is anything to go by, we will see a much bigger rise in the demand for $ONE and thus a much bigger increase in price from here.

12/ Which popular L1s is Chainlink still to go live on?

13/ The Solana integration is nearly there. It's currently being tested in dev net.

$SOL

prnewswire.com/news-releases/…

14/ Chainlink price feeds are now live on the Terra test net as well. Anchor and Mirror have both had oracle issues, so this is going to be great for the #Terra money ecoysystem.

$LUNA

medium.com/terra-money/ch…

15/ Emerald has just gone live and Chainlink oracles could be here in Q1.

$ROSE

https://twitter.com/OasisUnofficial/status/1482201933683347462

16/ Aurora is also close to integrating Chainlink price feeds, which will benefit $AURORA and $NEAR.

medium.com/nearprotocol/a…

17/ If history repeats itself, then L1s that integrate Chainlink in 2022 should do quite well.

This is assuming there are active developers and dApps rolling out on their respective chains.

18/ It is clear the Chainlink network is incredibly important and valuable. With staking and CCIP going live in 2022, the $LINK token will be a lot more in demand, much more useful and much more valuable as a result.

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