A renowned crypto influencer and investor has highlighted five reasons why Chainlink transcends Oracle and dominates the blockchain ecosystem. He believes Chainlink is the missing piece of the puzzle in the fragmented blockchain world. In a recent update, CNF discussed how Chainlink has dominated the Real World Assets (RWA) ecosystem. In that report, it was highlighted to have become the most mentioned RWA token on social media. Today, a popular investor called The Crypto Panda has, in a detailed post, explained why the decentralised blockchain oracle network has dominated in popularity and distinguished itself among the thousands of competitors. Firstly, he believes that Chainlink solves the blockchain problem. According to him, several blockchains have been launched, but they have been greatly isolated and fragmented. Fascinatingly, Chainlink has become the missing piece of the puzzle and the universal standard or single and secure layer that connects them. Secondly, The Crypto Panda believes that “smart contracts are dumb without Chainlink.” While admitting that smart contracts are powerful, the crypto investor pointed out that they cannot fetch external data or trigger off-chain actions independently. Meanwhile, Chainlink was specifically designed to connect blockchains to the real world, as mentioned in our previous news brief. According to him, the Chainlink Runtime Environment (CRE) solves a major problem by enabling developers to build logic that runs across any chain. Most importantly, it ensures that this is done securely and automatically. MEV Bots Protection, Chainlink BUILD Ecosystem, and Reputation On his third point, The Crypto Panda highlighted that Chainlink solves the Maximum Extractable Value (MEV) bot issues. Shedding more light on this, the analyst disclosed that Chainlink is building the invisible layer moving value across the internet of contracts. According to him, this starts with the Payment Abstraction Layer. This operates as a universal Decentralised Applications (DApp) settlement layer that helps DApps to pay any token across any chain. This makes Chainlink the toll-booth of Web3 where stablecoins, gas tokens, or app coins run through its infrastructure. To secure these transactions, Chainlink has an MEV protection in place to facilitate operations within the ecosystem. On every chain, bots are available to steal profits according to the investor, costing users billions of dollars. Chainlink solves this issue through the Fair Sequencing Services. This ensures that transactions are laid out in fair order before reaching the chain. It also unlocks a feature called Smart Value Recapture to send some of this value back to the network instead of going to bad actors. Fourthly, the investor highlighted that “The Build Ecosystem is feeding LINK holders.” According to him, the Chainlink Build Program enables Web3 applications to get priority access to Chainlink services. Basically, these include price feed, Cross-Chain Interoperability Protocol (CCIP), VRF, Automation, etc. In return, the apps commit a portion of their token supplies back to the Chainlink network. In this case, value flows back to stakers, making it an economy where real services generate real value. Finally, Chainlink was reported to have created a network where all Node operators are equal. According to him, this breeds competition to make only the best node survive. Chainlink’s services have been greatly adopted by several renowned projects, underscoring its effectiveness and groundbreaking use cases. As detailed in our previous news coverage, its CCIP was recently integrated on Solana. Jupiter also added Chainlink’s data streams to boost its perpetual trading market, as we explained earlier.
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