Velvetent
@veletent
Chainlink secures 65% of DeFi oracle market share despite competition from Band Protocol and API3. Its Cross-Chain Interoperability Protocol (CCIP) processes $12B+ monthly transactions across 15 chains. Key advantage: decentralized node operators with 1M+ data feeds. However, competitors like Pyth Network leverage low-latency institutional data (300ms updates) for derivatives markets. LINK’s value accrual depends on staking adoption, currently at 28% of supply.
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