30s Summary

Donald Trump’s crypto platform, World Liberty Financial (WLFI), partners with Chainlink for real-time, secure data supply for its decentralized finance project. The collaboration, endorsed by Eric Trump, will use Chainlink’s services on the Ethereum network. Chainlink, known for working with SWIFT and other banking systems, continues to be a trusted data provider. It offers features like private transactions and a Blockchain Privacy Manager. Though it faces competition from Pyth network, Chronicle, and Redstone, Chainlink maintains significant influence, holding 46% of all value across oracle providers as of October 2024.

Full Article

Donald Trump’s crypto platform, World Liberty Financial, is teaming up with Chainlink to provide real-time and secure data for its decentralized finance project. In simple terms, WLFI will use Chainlink’s services on the Ethereum network to get the whole system up and going. Eric Trump, a big advocate of Web3 technologies at World Liberty, thinks this partnership is a big deal for the future of crypto and decentralized finance tech.

This isn’t the first time that Chainlink has been chosen as the go-to data provider, as it has also successfully worked with the SWIFT banking system and continues to expand its influence.

For those who prefer a picture explanation: Chainlink provides data feeds similar to the one in the given image.

Chainlink continues to be the top choice for crypto data services. It recently wrapped up a program with Swiss bank UBS, Singapore’s financial authority, and SWIFT to test how funds can be exchanged using digital tokens. The Tron network also recently announced it would use Chainlink to get information on crypto prices.

Chainlink has other cool features up its sleeve like private transactions for businesses needing to keep deals under wraps. It also provides a Blockchain Privacy Manager which lets businesses safely join the Chainlink network and a solution for fully encrypted transactions.

Despite all these achievements, other data providers like Pyth network, Chronicle, and Redstone, are giving Chainlink some tough competition. Pyth managed to surpass Chainlink in transaction volume for 30 days in October 2024. However, when it comes to the total value that’s secured, Chainlink is still king. As of October 2024, it held around 46% of all value across oracle providers.