Chainlink 2021 Review: 7 Pillars Drive Development

In 2021, the Chainlink ecosystem experienced positive growth, continued access to key services and a wide range of smart contract activities in the blockchain industry improved. Here we would like to thank all the developers, scientists, partners, data providers, user staff and community members. Thank you for witnessing this special year with us.

This article reports that Total Revenue Stream (TVS) has reached new highs, Chainlink Information Feed has been widely used, Chinese off-chain services have started, and joint ventures have grown significantly.

1. Total Chain Link Coverage (TVS) exceeding $ 75 billion.

At the start of 2021, the Chainlink network guaranteed a value of $ 7 billion to the blockchain ecosystem. After 12 months, the value of Chainlink Oracle Guarantee exceeded US $ 75 billion, achieving significant growth. It also makes Chainlink the second highest recognition in the DeFi ecosystem. The growth of TVS is not only due to the security and reliability of the Oracle Chainlink network, but also because the type of information that can be received through the applications in the chain is very rich, resistant to the security of financial users.

In fact, over 700 Oracle organization integrations have been developed, freeing data from multiple independent blockchains. The most demanding information for DeFi applications includes financial market prices for crypto assets, fixed assets, forex, commodities, and commodities e.g. Pub. for

In addition, over the past year, Chainlink oracles has expanded supply chain data and presented proof of reserve, proof of use, Ethereum fuel costs, total trade costs, all packaging for DeFi and football tournament results. . New information such as general election results, self-certification, management measures, weather forecast, etc. are on the chain, the more and more development of hybrid smart contracts uses data to protect the value of the chain.

2. The number of green chain link projects exceeds 1,000.

The number of hybrid smart links connected to Chainlink oracles has reached unprecedented levels. Currently, the number of jobs in the Chainlink ecosystem is over 1,000, and more than half of the jobs are expected to be met by 2021. Chainlink has provided more than one billion data points for applications of integration today. All information is received, analyzed and sent to the chain by an independent Oracle Chainlink node which can protect against attacking monsters. for

Chainlink has achieved revolutionary growth in data integration and packaging, and now covers a wide range of major DeFi vertical application scenarios, ensuring high costs. According to data from DeFi Llama, applications connected to Chainlink oracles now drive TVL in various DeFi use cases. Chainlink also guarantees the value of a variety of new DeFi applications such as Algorithmic Stability Coins, DEX, forex trading, payment networks, insurance platform, and contract management tools. for

In addition to DeFi, this year Chainlink will spend more time providing Non-Homogeneous Tokens (NFTs) and competitive auctions to ensure authenticity and fairness. In total, millions of NFTs are developed or supplied by Chainlink, which supports the growth of the chain NFT industry. Additionally, public works like Arbol have been linked to Chainlink oracles to obtain weather data and secure parametric crop insurance contracts, with a risk tolerance of over $ 1 billion.

3.Chainlink provides over 2.5 million secure off-chain IT services.

As mentioned in the free version of Chainlink 2.0, the role of the decentralized oracle network (DON) is to improve the speed of deployment, the deployment of non-data transfer services, the rationalization of secure off-chain computing services, and finally installation and measurement of applications. are made. Smart contract function. To make this vision a reality, Chainlink developed a number of services in 2021 to provide secure and unreliable business services for a variety of blockchains.

Chainlink VRF was launched before Ethereum in 2020, ensuring the security of mobile connectivity for smart contracts. NFT and chain games are often unpredictable and require a serial number to ensure fair play. In 2021, Chainlink VRF will connect to blockchains such as Binance Smart Chain (BSC) and Polygon to support the development of multiple ecosystems. Chainlink VRF usage has increased, with over 2.5 million requests for chainlink success and completion to date. This also makes Chainlink VRF the most representative of RNG chain solutions. for

To further support the mobile phone industry, we announced Chainlink Keepers in 2021 to provide manufacturers with cutting-edge automation solutions. Developers can submit DevOps operations to Chainlink Keepers for completion, streamlining processes, and performing efficient and reliable operations. Chainlink Keepers, initially launched at Ethereum and then extended to Polygon and BSC, could lead to important smart contracts, such as short-term loan swaps, token swaps, and full payback. for

In 2021, Chainlink Price Publishing will also be upgraded to a Data Transmission Protocol (OCR). Oracle nodes can collect data from real strings and send Oracle credentials to the interchange string. The cost of modifying the chain feed rate has been reduced by 90% and the cost of transferring data to the chain has been increased by a significant value of 10. This update further improves the level of decentralization of Chainlink Price Feed and improves tamper protection and chain upgrade security. for

4. Chainlink has integrated with various blockchains and L2 to support the development of several ecosystems.

Chainlink is integrated into all blockchains and continues to expand, and more and more blockchain sites are accessible through the Chainlink community incentive program. In 2021, Chainlink will access many of the best L1 blockchains and L2 solutions, including Arbitrum, Avalanche, Binance Smart Chain, Ethereum, Fantom, Harmony, Heco, Moonriver, Optimism, Polygon, Starkware, and xDai. . Because there are so many smart devices that need to be connected to the Oracle, launching Chainlink in a new blockchain environment will provide chain manufacturers with the key processes they need to build their applications.

The launch of Chainlink Price Publishing by Avalanche is one example. Using secure business data from the Avalanche blockchain, development teams such as Aave, Benqi, Everest, Maximus Farm, Teddy Money, Trader Joe, Vee Finance, and xDollar can submit claims and use loans, options, and benefits. . . A set of uses like farming and coins are stable. Oracle Chainlink accelerated Avalanche's growth, increasing volume 88-fold in 5 months of consolidation. for

Moreover, after the integration of Chainlink oracles into another network blockchain, the number of DeFi applications in the chain ecosystem has also grown tremendously. Several companies such as Ftm Bet, Ola Financial, SCREAM, SprirtSwap and Syfinance of the Fantom network have joined forces with Chainlink to support the development of ecology. Following the publication of the Chainlink Price Feed from Solana testnet, companies such as Marinede Financial, Nextverse, Phantasia, Saber, Seeded, Synthetify and the Tupip protocol have also joined Chainlink, improving the security and stability of the process and providing users of quality. . experience.

5. Allow Chainlink developers to connect new contracts using data.

To support the smart entrepreneur ecosystem, Chainlink, along with its designers, artists and industry professionals, has implemented a wide range of community activities for the entire Chainlink ecosystem to give developers the opportunity to develop the next generation of smart contracts. The Chainlink 2021 Spring Hackathon ran from March to April and attracted over 4,000 registrations, over 140 submissions and participants from over 170 countries. Chainlink Community Incentive Project and its sponsors have invested a total of US $ 130,000 to reward the best contracting group. The prices cover a wide range of smart contracts including DeFi, NFT / games, community interventions, and government technology. for

In August 2021, more than 15,000 participants from over 140 countries around the world participated in Smart Contract Summit # 1. Whether it's giving developers the power to speed up or doing fair market research, SmartCon # 1 makes the blockchain industry's great innovative force accessible to everyone. The conference brought together over 200 industry leaders, scientists and developers to discuss innovations and collaborative concepts in smart ecosystem engagement.

The Chainlink Spring 2021 Hackathon runs from October to December. Continuation of the success of last spring's hackathons. Over 7,500 people have been reported, over 280 job postings have been sent and industry judges and trainers have been invited. To help. Chainlink Community Incentive Program and its sponsors have invested a total of $ 600,000 to help developers develop new hybrid smart contracts. Sponsors include Aurora, Avalanche, ConsenSys, Ernst & Young, Filecoin, Google Cloud, Harmony, Moralis, Polygon, Solana, Sushi and UNESCO and other large companies and corporations.

In addition to abuse, successfully develop github development has increased. More than 1800 open community support begins more than 3,300 public lake supports to the citizenship in the 2021. More linkriver improvements, linkriver, and DISTOM the ecology, including customers. The development group has increased progress in important elements, services delivered, and outside support, deposit services and services released. Also, more than 4,000 third party github code loan to Chainlink the bid.

6. Large companies around the world are starting to use Chainlink as a gateway to the blockchain industry.

The Chainlink ecosystem includes many stakeholders including manufacturers, partners, users, data providers, suppliers, service providers and community members. In 2021, many companies will join the Chainlink ecosystem to promote or advertise Oracle Chainlink nodes to promote the commercial development of hybrid smart contracts in a multi-chain ecosystem. Here are some examples of integration and collaboration.

News Network, the world's largest news organization, announced the launch of the Oracle Chainlink node, which provides reliable business, sports and election data for key blockchain points. The Midland Society encrypts and signs the information it publishes. Developers can self-identify as their data comes directly from the Associated Press and create new contracts using the data.

AccuWeather, the global weather company and media, announced the Chainlink Node, which provides high-quality weather data for smart contracts across multiple chains. Following the integration of Chainlink, AccuWeather will be able to sell weather data payment information to new customers and support the development of new next generation weather contracts. for

AWS announced that they are working with Chainlink to develop AWS Chainlink Quickstart. It is a one-click operation that allows businesses, data providers, and DevOps teams to easily deliver Chainlink oracles on AWS and sell real-time data across multiple network blockchains. These tools lower the Oracle Chainlink's secure release threshold and allow more data to be sent to the chain.

The Google Cloud Platform explains how to use the new oracle Chainlink to send weather data from the National Oceanic and Atmospheric Administration (NOAA) from Google Cloud to a smart contract on the chain. This allows you to create smart cultivation contracts and use good weather data for automatic litigation.

Switzerland's leading mobile service provider Swisscom has partnered with the Chainlink network as a consumer tool to start delivering the best possible payment data for the DeFi app. Companies such as Swisscom in partnership with the Chainlink network can improve the security and deployment of Chainlink services. for

7. The interconnection of chains will add value to global DeFi and the traditional economy.

With the continuous improvement of the smart home industry, the Chainlink network will continue to expand and provide security procedures to manufacturers to facilitate the continued development of business applications. The development and implementation of smart contracts move in the direction of multiple chains and gradually cover all independent shield chains, so the improvement of the links in the chain is speed. for

In response to these needs, we are currently developing the CCIP (Cross-Chain Interoperability Protocol). It is an open international standard for the secure use of interconnected communications. CCIP provides smart contracts to vendors which can include data delivery and smart contracts on public and private channels. CeFi platform leader Celsius has announced that it will use CCIP to raise revenue across multiple blockchains. Celseers manages $ 26 billion in assets and has 1 million users. for

The benefits of the Chainlink ecosystem are still rich, including power costs, unrealistic features, custodians, and CCIPs. Our ultimate goal is to remove the current "trust us only" contract and create a real world that will solve all the problems of the middle contract. In its 2021 report, the World Economic Forum (WEF) estimates that blockchain technology will bring the economy to $ 866 trillion. This represents an important financial period. for

To achieve this goal, many leaders industry joined the steel, LinkedIn, LinkedIn and Verse Wenda Smith's Could be done. Blazing Srinivasan.

Overall, the Chainlink ecosystem has experienced explosive growth over the past few years. Chainlink's TVS topped $ 75 billion, the number of ecosystem services topped 1,000, new services were launched, and business applications rapidly improved. We hope to continue supplying qualified manufacturers for construction in the new year to better support innovation and industrial application development. for