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Chainlink Enables $6.9 Trillion in Value and Launches Staking Features in 2022

• Chainlink enabled $6.9 trillion in transaction value in 2022 and launched staking features for NFTs and DeFi.
• Chainlink’s Data Feeds expanded across different blockchains and Layer 2s and the oracle service provider launched NFT Floor Price Feeds and the CF #Bitcoin Interest Rate Curve.
• Chainlink’s Proof of Reserve services gained traction with leading stablecoins, blockchain bridges, and wrapped tokens for offering transparency around the reserves.

The Chainlink ecosystem had a remarkable year in 2022, driven by its BUILD and SCALE initiatives. It enabled a total of $6.9 trillion in transaction value and launched staking features for NFTs and DeFi protocols. With these advances, the oracle service provider helped to accelerate growth in early-stage Web3 blockchains and dApps.

Chainlink also expanded its Data Feeds across different blockchains and Layer 2s, including support for the non-EVM chain Solana. To further empower NFT and DeFi builders, the oracle service provider launched NFT Floor Price Feeds and the CF #Bitcoin Interest Rate Curve. This enabled builders to unlock new markets.

With the collapse of the crypto exchange FTX, the crypto industry began to demand Proof-of-Reserves. Chainlink noted that its Proof of Reserve services were popular among leading stablecoins, blockchain bridges, and wrapped tokens for offering transparency around the reserves to back new on-chain assets.

Overall, Chainlink achieved several major milestones in 2022 and is growing to meet global demand for oracle services. It is expected that Chainlink will continue to innovate in the coming year and further expand its support for various projects and developers.

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