16 TRILLION FORECASTED! đ€Ż But RWAs Won't Make It Without Oracles! đ
As the tokenization of RWAs (e.g PAXG) is expected to reach $16 trillion market by 2030, oracles will be critical for ensuring these assets a reliable onchain value! Why? Because they verify offchain data and pricing, which is essential for the DeFiâs integrity and transparency! Institutions urge oracles due to their massive utility, more precisely they need data accuracy to prevent failures (hacks or data manipulation) that could lead to devastating losses!
On my previous article I outlined $PYTH and LINK as emerging players in this field. However, Iâll be adding 3 more oracles to the list this time: TAO, BAND and API3. Remember that each oracle has its unique strengths and focus, making them suitable for different use cases depending on the requirements for data accuracy, scalability and blockchain compatibility!
- For example: $TAO focus on specialized data and specific integrations with blockchain platforms. BAND focus on data aggregation and low latency. API instead emphasizes transparency and first-party data sources!
Which Oracles Is In Your Portfolio? đ€ Let Me Know In Comments!
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