Chainlink Total Value Secured (TVS) is experiencing significant growth, according to data from @DefiLlama.
In May alone, Chainlink TVS (incl. borrows) surged by over 50% to over $65B+, driven by several major integrations, including:
• Becoming the official data oracle for TRON (@trondao), with $5.5B+ in DeFi TVL on TRON now secured by Chainlink
• Integration by @KaminoFinance, the largest DeFi lending protocol on @solana with $2B+ TVL
• $2.7B+ TVL Solana DeFi protocol @JupiterExchange adopting Data Streams in its perp markets
• Integrations with @CIAN_protocol ($900M+ TVL) and more
• Rapid TVL growth with existing long-time Chainlinked protocols, including @aave
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Here’s a breakdown of the week’s biggest moments, including major announcements, product launches, & presentations that show Chainlink is bringing global finance onchain.
• Chainlink announces major industry milestone in a global corporate actions initiative with 24 of the world’s largest financial organizations, including Swift, DTCC, and Euroclear.
• Chainlink Co-Founder Sergey Nazarov delivers a keynote speech on how onchain standards can combine with existing systems/standards to create next-gen digital assets.
• Swift, DTCC, and Euroclear join Chainlink on a panel to discuss major insights, key outcomes, and next steps on the corporate actions industry initiative.
Day 2
• Chainlink announces a landmark technical solution enabling institutions to manage digital asset workflows directly from their existing systems via Swift messaging and CRE, in collaboration with UBS.
• Chainlink introduces the Digital Transfer Agent (DTA) technical standard, defining how transfer agents and fund admins can expand their operations onchain to support tokenized assets, with UBS uMINT being the first to begin adopting it.
• Chainlink, Swift, BIS Innovation Hub, Goldman Sachs, & Banco Santander discuss the importance of interoperability.
We are excited to announce a major industry milestone in a global corporate actions initiative led by Chainlink in collaboration with 24 of the world’s largest financial organizations, including Swift (@swiftcommunity), DTCC (@The_DTCC), and Euroclear (@EuroclearGroup).
Corporate actions are a critical building block for public equity to operate successfully onchain. Building on the foundation established in the first phase of our industry initiative, we now have successfully demonstrated how the Chainlink platform, blockchains, and AI help solve one of finance’s most complex data challenges in a production-grade solution with unparalleled data accuracy, ISO 20022 messaging functionality via Swift, connectivity across DTCC AppChain as well as additional public and private blockchains, and much more.
🧵⬇️
Understanding the Corporate Actions Problem
Corporate actions events, such as dividends, stock splits, tender offers, and mergers, remain one of the most fragmented and operationally-intensive processes in global finance.
The inefficiencies in today’s corporate actions lifecycle result in:
• $58B in annual costs across the global financial system
• $34M average cost per event with 110K+ firm interactions
• 75% of institutions still manually revalidate data
Corporate actions are typically announced through human-readable formats like PDFs and press releases, then passed through custodians, brokers, fund managers, and data vendors before reaching investors.
Along this journey, the data is frequently modified, delayed, and inconsistently processed. Key challenges include confirmation delays of 24 to 48 hours, reliance on incomplete and non-standard formats, and the absence of a single verified source of truth.
Establishing an Industry Standard for Corporate Actions With Unified Golden Records
To address the $58B+ annual corporate actions problem, Chainlink and 24 of the world’s largest financial institutions collaborated to build a solution that unifies traditional financial systems and blockchain networks.
Key Outcomes:
• 100% Data Accuracy: 100% data consensus was achieved across tested corporate action events with newly introduced data attestor and contributor roles enabling institutions to verify, enrich, and sign records.
• ISO 20022 Messaging via Swift: The Chainlink Runtime Environment (CRE) orchestrates consensus across multiple AI models, transforms the records into ISO 20022-compliant messages, and transmits them through a custom-built adapter to the Swift network.
• DTCC AppChain Connectivity: Chainlink CCIP distributes validated unified golden records across DTCC’s AppChain environment and additional public and private blockchains.
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 🧵↓
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.
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 🧵↓
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.
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 🧵
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.
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.