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Oracles are crucial in bridging the gap between the blockchain and the real world in DeFi and smart contracts. They provide external data, ensuring that smart contracts can execute based on accurate and timely real-world information. This connection is vital for applications like price feeds, weather data, and event outcomes, making oracles indispensable for the growth and reliability of decentralized finance.

Oracles play a key role in ensuring the integrity and functionality of decentralized applications by providing crucial external data inputs. They are indeed indispensable for the growth and reliability of DeFi platforms.