Chainlink Secures $103B in Assets, Drives TradFi Blockchain Adoption
Chainlink is poised to become a key player in traditional finance as blockchain adoption grows, according to investment bank Jefferies. The decentralized oracle network links smart contracts with real-world data, facilitating applications such as tokenized asset settlement and cross-chain messaging.
- Jefferies indicates that Chainlink's native token, LINK, stands to gain from the acceleration of tokenization.
- By September, Chainlink secured $103 billion in assets via oracle feeds, supporting over 2,500 projects. Partnerships include Swift, DTCC, Euroclear, and JPMorgan.
- Tokenization is driving demand for infrastructure that connects on-chain and off-chain environments securely, with Chainlink’s protocols addressing these needs.
- Despite competition from LayerZero and Pyth, Chainlink's established network may offer it sustained advantages.
- The estimated value of tokenized assets (excluding stablecoins) has increased by 253% year to date, reaching $30 billion.
- Jefferies anticipates institutional investors will move toward blockchain-based settlement layers, positioning Chainlink centrally in this transition.