Chainlink Enables $6.9 Trillion in Transactions, Unlocks New Markets for NFTs & DeFi

• Chainlink’s oracle service provider enabled $6.9 trillion in transaction value in 2022.
• The company launched the NFT Floor Price Feeds and the CF #Bitcoin Interest Rate Curve to empower NFT and DeFi builders.
• Chainlink’s Proof of Reserve services were popular among leading stablecoins, blockchain bridges, and wrapped tokens.

Chainlink has made some major strides in the blockchain space in the past year. In 2022, the oracle service provider enabled $6.9 trillion in transaction value alone, which is a testament to its growing popularity among developers and blockchain projects. Furthermore, to help accelerate growth in early-stage Web3 blockchains and dApps, Chainlink introduced the BUILD and SCALE initiatives.

The company also launched the NFT Floor Price Feeds and the CF #Bitcoin Interest Rate Curve which helped to empower NFT and DeFi builders to unlock new markets. Additionally, Chainlink also introduced the LINK staking features while helping the Web3 economy in order to scale securely.

Moreover, Chainlink’s Proof of Reserve services were also popular among leading stablecoins, blockchain bridges, and wrapped tokens. This was especially important after the collapse of the crypto exchange FTX as the crypto industry started demanding Proof-of-Reserves. The Proof of Reserve services from Chainlink offered transparency around the reserves to back new on-chain assets.

Overall, Chainlink was successful in expanding its Data Feeds across different blockchains and other Layer 2s, which includes offering support to a non-EVM chain Solana. With its continuous efforts to make Web3 more secure and accessible for everyone, Chainlink has achieved several major milestones from value enabled to LINK staked.