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DeFi growth boosts oracle market competition — RedStone co-founder

DeFi growth boosts oracle market competition — RedStone co-founder

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Source: Coin Telegraph

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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Author: Josh O'Sullivan