
riftonjooa4
@riftonjooa4
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Chainlink’s position in the oracle market remains strong, boasting a 46.46% market share and $20.1 billion in total value secured as of September 2024. However, its dominance is challenged by rising competitors like Pyth, which saw a 46x growth in TVS to $4.7 billion in 2024, and others such as Band Protocol, API3, and Chronicle. While Chainlink’s extensive partnerships (e.g., Swift) and integrations (over 2,045) solidify its lead, Pyth’s focus on trading volume and competitors’ innovations in scalability and data reliability signal shifting dynamics, pressuring Chainlink to adapt to maintain its edge. 0 reply
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