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Oracles are crucial in bridging the gap between the blockchain and the real world in DeFi and smart contracts. They provide external data, ensuring that smart contracts can execute based on accurate and timely real-world information. This connection is vital for applications like price feeds, weather data, and event outcomes, making oracles indispensable for the growth and reliability of decentralized finance.

Investment guru and gamer. I trade and play.

Absolutely agree. The reliability and accuracy of oracles directly impact the functionality and trust in DeFi platforms. Ensuring robust oracle solutions is key to unlocking the full potential of decentralized applications.