Chainlink, the biggest provider of data to smart contracts, said the value of smart contracts dependent on its feeds has climbed to $75 billion.
- The total value secured (TVS) has soared from $7 billion at the end of last year.
- “Without trusted price data to trigger smart contracts, it is impossible to build DeFi applications, and we do not think it is a coincidence that the rate at which Chainlink has been able to bring new market data onto blockchains has been the rate at which developers have been able to build exciting new DeFi apps,” said Sergey Nazarov, co-founder of Chainlink.
- In August, Swisscom, Switzerland’s largest telecommunications provider announced it is launching a Chainlink oracle node to provide data for DeFi.
UPDATE (Nov. 4, 16:21 UTC): Changes “value of investments” to “value of smart contracts” in first paragraph.
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Tanzeel Akhtar is a CoinDesk news reporter based in Europe.
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