As decentralized finance (DeFi) expands, the demand for oracles—tools linking blockchains to real-world data—is booming. Chainlink, a major player, now faces competition from new entrants as decentralized applications (DApps) seek more efficient data solutions. Marcin Kaźmierczak, COO of RedStone, highlights a new phase in the oracle market driven by innovation and multichain adoption. The rise of layer-2 networks and non-Ethereum chains exposes scalability issues in existing oracles, prompting new challengers. Kaźmierczak emphasizes the need for adaptable oracles, leveraging staking technology to enhance security and flexibility.