VanEck predicts: By 2024, Solana will become one of the top three blockchains in terms of market value, and Pyth is expected to surpass Chainlink

According to Foresight News, VanEck said in its 15 cryptocurrency predictions for 2024 that Solana will become a top-three blockchain in terms of market capitalization, total locked value (TVL), and active users. Pyth, a price oracle based on Solana, has the potential to surpass Chainlink in terms of total value security (TVS). Currently, Chainlink's TVS is about $15 billion, while Pyth's TVS is less than $2 billion. As TVL continues to grow in high-throughput chains such as Solana, and Chainlink seeks institutional adoption of its LINK token, Pyth is expected to gain more market share on the back of its innovative features, including a "pull" architecture and a confidence interval system.