Some investors apply a balance-sheet-style framework adapted to DeFi. They assess total value locked before and after the incident, reserve funds, insurance coverage, token supply dynamics, and dilution risks associated with recovery plans. This perspective treats the protocol as a financial entity and evaluates solvency, recovery capacity, and the long-term impact on token value.
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Chainlink’s position is firm with 76.9% of the oracle sector’s market cap and mature EVM support. However, competitors innovate: Tellor, launched during DeFi Summer, competes in data feeding. UMA focuses on customizable financial contracts, providing specialized data services that carve out niches against Chainlink’s generalized feeds.
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Initially, CBDCs might increase BTC's volatility as markets react to regulatory news and capital shifts. Over the long term, if CBDCs establish a stable, dominant position for daily transactions, BTC could see reduced volatility as its use becomes more focused on savings and investment, with less speculation on its payment utility.
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