🇺🇸 SISTE: Tom Lee spår at bankene vil kjøpe $ETH for å sikre stablecoins sine, ikke bare for spekulasjon, men for infrastruktur.

The thesis of Chainlink is completely different today than its early years. How it started: A single data oracle service How it's going: The Web3 cloud powering entire apps Chainlink started out simple, providing existing data on to blockchains. Onchain apps used that data to make decisions like whether to liquidate a loan or how to settle a perp. Chainlink then expanded into different types of computation (e.g., random number generation, keeper automation) before launching its cross-chain protocol. However, those were only building blocks to a much, much bigger value proposition emerging. With the introduction of the Chainlink Runtime Environment (CRE), Chainlink is primed to be the main way developers and institutions both build onchain apps and power them through their lifecycle. Chainlink is no longer just a service or even set of services, but the foundation underpinning onchain apps and use cases. It’s akin to the cloud but decentralized and for onchain apps, providing them the development framework for building apps, the key services they require, and the computation that powers them on the backend. But why is this important? And why is Chainlink doing this? The blockchain landscape is changing. You used to use a single blockchain as your cloud-like environment. But now there are hundreds of chains and you want to be able to interact across them all. Transactions are also more complex with the introduction of tokenized real-world assets (RWAs). This is the phenomenon of all the world’s existing value becoming tokenized, which is 100x the value that currently exists onchain. Thus, you must adopt RWAs if you want to succeed in this industry long term at any scale. However, the introduction of RWAs requires new services. They require data like DeFi, but even more types of data, such as proof of reserves, net asset value, and much more. They also require compliance policies built into the asset itself and the services transacting them, which naturally needs identity data to work. Furthermore, they need privacy features, connectivity across chains, and integrations with legacy systems. The best way to build an app like this is through a single platform that is chain-agnostic and has all the key services already built-in. This is Chainlink. Chainlink is the only all in one platform where institutions can solve all their data, cross-chain, compliance/identity, privacy, and legacy system integration requirements. And importantly, they can combine these service into one sequential workflow (i.e., one piece of code) that Chainlink runs securely end-to-end in a decentralized manner. This workflow is essentially an app that interacts seamlessly across chains and legacy systems while leveraging key services along its lifecycle. Once you build this workflow, you can easily reuse it and modify it to support new customers, new chains, new legacy systems, new oracle data, new use cases, etc without rewriting it all. It’s by far the most efficient and future-proof way to not only build DeFi apps, but apps for tokenized RWAs, which are the future of our industry. This value prop puts Chainlink at the heart of onchain applications; far beyond just being a side service. The market doesn’t quite understand yet how well Chainlink is positioned, but it will because its product offering, vision, and historical track record of delivering solutions meshes perfectly with where the industry is heading and what TradFi & DeFi require to succeed in this new RWA paradigm.

The thesis of Chainlink is completely different today than its early years. How it started: A single data oracle service How it's going: The Web3 cloud powering entire apps Chainlink started out simple, providing existing data on to blockchains. Onchain apps used that data to make decisions like whether to liquidate a loan or how to settle a perp. Chainlink then expanded into different types of computation (e.g., random number generation, keeper automation) before launching its cross-chain protocol. However, those were only building blocks to a much, much bigger value proposition emerging. With the introduction of the Chainlink Runtime Environment (CRE), Chainlink is primed to be the main way developers and institutions both build onchain apps and power them through their lifecycle. Chainlink is no longer just a service or even set of services, but the foundation underpinning onchain apps and use cases. It’s akin to the cloud but decentralized and for onchain apps, providing them the development framework for building apps, the key services they require, and the computation that powers them on the backend. But why is this important? And why is Chainlink doing this? The blockchain landscape is changing. You used to use a single blockchain as your cloud-like environment. But now there are hundreds of chains and you want to be able to interact across them all. Transactions are also more complex with the introduction of tokenized real-world assets (RWAs). This is the phenomenon of all the world’s existing value becoming tokenized, which is 100x the value that currently exists onchain. Thus, you must adopt RWAs if you want to succeed in this industry long term at any scale. However, the introduction of RWAs requires new services. They require data like DeFi, but even more types of data, such as proof of reserves, net asset value, and much more. They also require compliance policies built into the asset itself and the services transacting them, which naturally needs identity data to work. Furthermore, they need privacy features, connectivity across chains, and integrations with legacy systems. The best way to build an app like this is through a single platform that is chain-agnostic and has all the key services already built-in. This is Chainlink. Chainlink is the only all in one platform where institutions can solve all their data, cross-chain, compliance/identity, privacy, and legacy system integration requirements. And importantly, they can combine these service into one sequential workflow (i.e., one piece of code) that Chainlink runs securely end-to-end in a decentralized manner. This workflow is essentially an app that interacts seamlessly across chains and legacy systems while leveraging key services along its lifecycle. Once you build this workflow, you can easily reuse it and modify it to support new customers, new chains, new legacy systems, new oracle data, new use cases, etc without rewriting it all. It’s by far the most efficient and future-proof way to not only build DeFi apps, but apps for tokenized RWAs, which are the future of our industry. This value prop puts Chainlink at the heart of onchain applications; far beyond just being a side service. The market doesn’t quite understand yet how well Chainlink is positioned, but it will because its product offering, vision, and historical track record of delivering solutions meshes perfectly with where the industry is heading and what TradFi & DeFi require to succeed in this new RWA paradigm.

Hvorfor vil gebyrene fortsette å konvergere mot null? Fordi de fleste av disse protokollene konkurrerer i det som i økonomiske termer er kjent som et "perfekt konkurransedyktig marked." Se på bildet nedenfor som beskriver de nødvendige egenskapene for at et marked skal betraktes som et "perfekt konkurransedyktig marked" >Mange kjøpere og selgere >Homogene produkter >Gratis inn- og utreise >perfekt informasjon >Ingen hindringer for inn- eller utreise Hvordan ser Web3-markedet ut? Vi konkurrerer i et marked med åpen kildekode, gaffelbar kode, av ekstremt like, rikelig med produkter, med informasjonsdeling, revisjonsmuligheter/åpenhet, tjenesteaggregatorer (gjør prisshopping og tilgang enklere) etc. Det er så nær så perfekt å oppfylle disse egenskapene til ethvert marked som du kan forestille deg.

"Hver bank vil ha sin egen kjede, hver bank vil ha sin egen stablecoin." -Sergey Nazarov på #SIBOS

"Token ikke nødvendig"-memet er en helt foreldet måte å tenke på Chainlink på. Hvorfor? Fordi de bygde et betalingsabstraksjonslag (PAL) for å konvertere enhver form for verdi til LINK-tokens. Så tokenet er ikke nødvendig *etter design* for å gjøre det så *enkelt* som mulig for sluttbrukere, applikasjoner, TradFi-institusjoner, å betale på alle slags forskjellige måter: Bankkontoer, stablecoins, andre gasstokens, kredittkort, hva som helst. Noe av det kan bli LINK. Det handler rett og slett om å fjerne betalingsfriksjon. Jo lettere det er å betale for noe, jo lettere er det å få folk til å faktisk betale for det. Derfor er ikke målet med tokenet å gjøre det *nødvendig* i sammenheng med hvordan protokollen fungerer ved å skohorne i ekstra, klønete trinn. Målet er å gjøre tokenet *ønsket* utelukkende fra perspektivet til den eventuelle verdifordelingen den får fra protokollen som er allment tatt i bruk. Se dette innlegget fra @ChainLinkGod: Slutttilstanden for kryptotokens er protokollegenkapital. En digital eiendel som fungerer som et krav på de fremtidige positive kontantstrømmene til en blokkjedebasert protokoll. Det er det, dette er hvordan tokens akkumulerer verdi, ingen ponzinomics eller mental gymnastikk kreves.

PFOF har tatt over DeFi. Vi er vitne til nesten fullstendig ordreflyt-vare. Nesten 90 % av ordreflytverdien fanges opp av OFA eller vertikale integrasjoner med byggherrer. På tvers av alle Ethereum-transaksjonens betalte verdi (gassprioritetsgebyrer + byggertips), er det bare ~12 % igjen i den offentlige mempoolen.

justin drake om hvorfor DA er den eneste bærekraftige kilden til flyt for L1-er

>Hvordan kan du hevde at "reell avkastning går til null"? Jeg "hevder" det ikke bare. Diagrammet viser det allerede. Hvis du ikke tror meg, kan du høre David Hoffman og Anthony Sassano si det her også, på 1 time og 15 minutter: Hvis det ikke er nok, kan du lese Justin Drake som skriver (se vedlagt tweet) om hvordan MEV (konkurranseavgifter) beveger seg oppstrøms bort fra L1 (orakler, lommebøker, apper tar all MEV), og utførelse (overbelastningsavgifter) flytter til andre kjeder (utførelsesgebyrinntekter). Verdiavsetningen for L1-er er bare nede.