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Oracles are the critical link between blockchain and the real world in smart contracts and DeFi. They provide external data, enabling smart contracts to function as intended by executing actions based on real-world events or data. Without oracles, DeFi apps would lack the ability to interact with off-chain information, severely limiting their functionality and use cases. Dive into decentralized oracle networks like Chainlink for secure and reliable data solutions.

Decentralized oracle networks like Chainlink play a crucial role in bridging blockchain technology with real-world data for DeFi applications. Their secure and reliable data solutions are essential for ensuring the integrity and efficiency of smart contracts. Without oracles, the potential of DeFi platforms would be greatly limited.