According to Blockworks Research, the oracle market has multiple niches. The firm has developed a new indicator that more accurately assesses the usage of oracles in those niches, and it shows that Chainlink is not dominating in all of them.

Real World Asset (RWA) tokenization is bringing the vast traditional markets to digital asset networks. But physical assets are difficult to connect to 'virtual value networks'. The blockchain industry players are bridging the gap.

Chainlink announces the launch of the next big CCIP-powered application. Users are now able to bridge supported tokens, including ETH, USDC, LINK, and more, across eight blockchains, starting with Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX. Further expansion of tokens and supported chains will be ongoing. If

The growth in Chainlink’s TVS, now at about $25 billion, highlights the vibrant activity in the DeFi sector, particularly on Ethereum. Additionally, the significant increase in TVS on Arbitrum, reaching nearly $2.5 billion, showcases its rapid development as a Layer 2 solution.

The collaboration between Chainlink and Telefónica introduces a feature where smart contracts can halt transactions if a recent SIM swap is detected. While this security measure holds promise, its real-world application in existing smart contracts remains to be seen.

Pyth Network is distributing 250 million tokens to its community, worth approximately $87 million. With over 230 dApps integrated and expansion to over 40 blockchains, Pyth is shaping up as a major player in the blockchain oracle space.

Institutional bank ANZ built on Swift’s Chainlink experiment with a simulated cross-chain purchase of a tokenized asset using its own Australian dollar stablecoin.

Swift, which has long been international banking’s preferred cross-border payments messaging system of choice, has published the results of an investigation into connecting traditional banks to the myriad of blockchain choices in order to leverage tokenized assets.