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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.

Oracles truly play a crucial role in ensuring the accuracy and reliability of data for DeFi applications and smart contracts. Their connection to the real world is indispensable for the growth of decentralized finance.