Oracle-centric tokens rise as DeFi looks for reliable data providers
In 2021, it is clear that DeFi is the main driver of the bullish trend in the price of ETH and altcoins sweeping the sector.
Oracles development is the component that discreetly creates the necessary infrastructure of the cryptocurrency market, and many projects focused on oracle integration have seen token prices skyrocket.
Stablecoin provider Paxos, decentralized exchanges such as Uniswap, and credit platforms such as Maker (MKR) use oracles such as Chainlink (LINK) to provide accurate information related to cryptocurrencies.
The need for reliable data is becoming increasingly important as DeFi continues to expand and the total blockchain value reaches record highs on many platforms.
