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DeFi growth boosts oracle market competition — RedStone co-founder

As DeFi expands, the oracle market faces new competition from emerging providers challenging established players like Chainlink.

As decentralized finance (DeFi) continues to grow, the demand for oracles — key tools that connect blockchains to real-world data — is surging.

Established providers such as Chainlink face increased competition from emerging players as decentralized applications (DApps) require more efficient data delivery solutions.

Marcin Kaźmierczak, co-founder and chief operating officer of RedStone, discussed trends in DeFi oracles in an exclusive interview with Cointelegraph.

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Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%

Value Held by Blockchain Oracles Slides 61% in 7 Months, Chainlink Dominates by 45%While the crypto economy has shed significant value, losing more than $2 trillion since the highs recorded at the end of 2021, a great deal of value was erased from smart contract platform tokens and decentralized finance (defi) protocols. One sector of the defi ecosystem that’s recorded heavy losses this year is the blockchain oracles […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

Chainlink and CF Benchmarks to Bolster Onchain Transparency via CF Bitcoin Interest Rate Curve Product

Chainlink and CF Benchmarks to Bolster Onchain Transparency via CF Bitcoin Interest Rate Curve ProductOn Wednesday, the decentralized oracle network platform, Chainlink, announced the launch of a market-wide interest rate product for Web3 protocols and the decentralized finance (defi) economy, called the CF Bitcoin Interest Rate Curve (CF BIRC). Chainlink revealed the new product at Smartcon 2022 in New York City, and the newly launched CF BIRC product aims […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System

Accuweather Collaborates With API3 in Order to Provide Blockchain-Powered Weather Data

Accuweather Collaborates With API3 in Order to Provide Blockchain-Powered Weather DataOn June 1, the American media company that provides commercial weather forecasts, Accuweather, announced it is tethering weather data to blockchain technology by hosting an API3 Airnode. The company revealed that it is collaborating with blockchain oracle provider API3 and Web API operators will be able to access Accuweather’s onchain weather data. Accuweather Exec Believes […]

Russia and Iran Unite to Completely Replace SWIFT With Alternative Payment System