@fmzdf6td
Impact of Chainlink's (LINK) Market Share Changes on DeFi: A Competitive Analysis
Chainlink dominates the oracle market, providing critical data feeds for DeFi protocols. However, competitors like Band Protocol and API3 are gaining traction. Chainlink's market share changes could impact DeFi by influencing data reliability and cost. Its strong network effects and partnerships give it an edge, but competition may drive innovation and reduce costs, benefiting the broader DeFi ecosystem.
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