Yaobi LINK
Today, LINK has attracted another wave of attention.
“If time goes back to Feb 2019, I would’ve told myself, ‘Forget about BTC,Marry LINK.'" (If the time goes back to February 2019, I will definitely tell myself, forget BTC, choose LINK!)
This is a joke that Beep News saw in Moments, but it is a good illustration of the market's current attitude towards LINK: LINK is one of the rare crypto projects that amazed leeks in terms of currency price performance.
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LINK is in the upper right corner, bright green among all the cryptocurrency gains
According to the data on Feixiaohao, LINK has increased by more than 4 times this year. This coin was born in 2017. The initial price on Feixiaohao is around US$0.15, and the return on investment so far has exceeded 104 times.
LINK is an oracle project, and it is a project with outstanding performance on this track. Many people attribute the strong rise of LINK to two reasons. One is that there is demand in the oracle market; the other is that LINK has been making good friends.
What is an oracle? The so-called oracle machine is a bridge that feeds off-chain data and information to the on-chain. Oracles are used in many places in the blockchain field:
An over-collateralized stablecoin system like MakerDAO needs an oracle to obtain the prices of mortgaged assets in the market at any time; a prediction market like Bodhi needs an oracle when judging the results; a gambling application requires an oracle to provide unpredictable and Cracked random numbers...
Therefore, there is a huge demand for oracle machines, and the recent rise of DeFi may also promote the development of LINK.
Shenchao TechFlow stated in the article "30% Skyrocketing, Surpassing EOS, the Secret Behind LINK's Soaring", that the prosperity of DeFi has provided impetus for the development of LINK.
Since DeFi is decentralized, its data source must not be centralized, otherwise it will be difficult to avoid some centralization risks, such as forgery, tampering, information hiding, etc.
If the DeFi project builds its own oracle machine, there may be a greater possibility of being hacked due to some professional reasons. Therefore, DeFi has a huge demand for oracles, and oracles have basically become an independent track, with professional teams doing professional things in an integrated manner.
On the other hand, LINK's impression of "making good fortune" is deeply rooted in the hearts of the people.
Blue Fox Notes once posted on Weibo the partnership charts of Chainlink in May 2019 and May 2020. In just one year, the number of Chainlink's partners has "skyrocketed".
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As of May this year, Chainlik's partners
And it can be seen that Chainlink's cooperation is actually casting a wide net. Centralized exchanges like Huobi, decentralized exchanges like Kyber Network, cross-chain projects like Polkadot, public chain projects like Near Protocol, many DeFi projects, even blockchain organizations like BSN, banks like Traditional financial institutions have cooperated with Chainlink.
Chainlink has a nickname in the industry called "Socket Coin", mainly because everyone thinks that when calling oracle data, it should be as simple and convenient as calling data from webpages and apps, just like sockets, so there are people in the market now. It is jokingly called that Chainlink's cooperative relationship is so extensive that it intends to "insert all projects".
