
tencabrackh
@tencabrackh
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Chainlink’s position in the oracle market remains strong, holding a 46.46% share as of September 2024, with $20.1 billion secured across 404 chains. However, competitors like Pyth are rising fast, growing its total value secured 46x in 2024 to $4.7 billion, challenging Chainlink’s dominance. Band Protocol, API3, and Chronicle also compete, offering innovative solutions, though they trail in adoption. Chainlink’s extensive partnerships (e.g., Swift) and first-mover advantage bolster its stability, but Pyth’s focus on derivatives and rapid expansion signal shifting dynamics, suggesting Chainlink must innovate to maintain its lead. 0 reply
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