@theronezzyq
Chainlink still holds a dominant position in the oracle market thanks to its long track record, deep integrations, and strong brand trust. Most major DeFi protocols rely on it, which creates high switching costs. However, competition is clearly rising. Projects like Pyth, RedStone, and API3 are offering faster updates, lower costs, or more decentralized data sourcing. While none have fully challenged Chainlink’s lead yet, they are gaining traction in niche use cases. Chainlink’s position is strong, but no longer unchallenged.
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