Within 5 years from now Chainlink will be just as important to the entire crypto space as #Bitcoin and #Ethereum has been. With crypto going mainstream and every institution wanting exposure, $LINK will have hit $571.43 (5% dominance of 4T total marketcap) by then. (1)
DeFi market will be 200B+. TVL is not the best measure with rising speculative assets, but much more money will flow into yield generating protocols (including stablecoins). Since banks pay negative interest and trust in centralized parties will diminish over time. (2)
Oracles and Middleware are crucial for TradFi getting involved with DeFi and smart contracts. Chainlink is integrated with ~90% of DeFi and don't expect this to change since its open source and network effects kick in. Staking incentivises participation in the truth machine (3)
To get to mass adoption for DeFi, many protocols need to establish trust. They can do that by transparent code audits, verified by Chainlink. Expect to have more protocols using this. A common saying would be: Are you Chainlinked? (4)
Also $LINK is used for much more than just DeFi, the truth is worth a lot and new products like VRF & Proof of Reserve have emerged. More firms and individuals will only trust the Chainlink truth instead of centralized parties. (5)
Many large stablecoins and wrapped versions of Bitcoin (BitGo and REN) are already using Proof of Reserve. With the amount of stablecoins and wrapped BTC in DeFi protocols increasing, the Chainlink network will secure tens of billions of dollars in value. (6)
Games & Casino's can use VRF to proof legitimacy. Gaming is one of the fastest growing industries with the acceleration of the digitisation currently. I think eventually gaming, NFT marketplaces & crypto will be inter-combined. It's the perfect use case for crypto assets. (7)
Decentralized insurance already has working products ready to disrupt traditional insurance firms. Which all need decentralized oracles for data such as weather and flight status. (8)
More enterprises will use Chainlink to connect back-end systems to smart contracts and to explore -public- blockchains possibilities. The fact that the Chainlink team has joined 6 consortia on this part makes me confident we will see more integrations here. (9)
We are STILL in the 1st inning of what the Chainlink network can achieve. Network effects will bring more awareness, and thus more integrations, and thus more value & new products. It's a self-fulfilling prophecy that makes $1000 doesn't look like a meme anymore. (10)
You can follow @FintechJero.
Tip: mention @twtextapp on a Twitter thread with the keyword “unroll” to get a link to it.

Latest Threads Unrolled:

By continuing to use the site, you are consenting to the use of cookies as explained in our Cookie Policy to improve your experience.