Trump's World Liberty Financial taps Chainlink as oracle provider
Analysis
Price Impact
HighTrump's name attached to a project is a major catalyst, and chainlink is already established as a trusted oracle provider. this could bring in more users and increase demand.
Trustworthiness
MedWhile trump's involvement may be seen as a positive by some, it's also associated with controversy and potential volatility. the project's success relies heavily on its execution and the actual value proposition.
Price Direction
BullishIncreased adoption and potential for greater defi usage due to the association with trump's name could drive up link's price.
Time Effect
ShortThe initial impact will be short-term, but if the project proves successful and gains traction, long-term benefits for link are likely.
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Article Content:
Vince Quill 2 minutes ago Trump's World Liberty Financial taps Chainlink as oracle provider World Liberty Financial's WLFI token is only available to accredited investors inside the United States and non-US residents. 14 Total views Listen to article 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED Follow our Subscribe on President-elect Donald Trump's decentralized finance platform World Liberty Financial has announced an integration with Chainlink's price feeds to provide real-time, tamper-proof data to the DeFi project. According to a November 14 announcement, WLFI will leverage Chainlink oracles on the Ethereum mainnet to power the platform's launch — based on an Aave V3 instance. Following the integration, Eric Trump — Web3 ambassador at World Liberty Financial — and the son of the President-elect, had this to say: "World Liberty Financial's partnership with Chainlink marks a huge step forward. Never before have we been more bullish on crypto or the overall future of DeFi technology." WLFI's choice to integrate Chainlink as an oracle provider follows yet another successful pilot test with the SWIFT interbank messaging system and further growth of the Chainlink ecosystem. A simplified illustration of Chainlink data feeds. Source: Chainlink Related: Chainlink using AI, oracles to bring market-moving corporate data onchain Chainlink continues to be dominant Oracle provider In November 2024, Chainlink concluded a tokenization pilot program with Swiss banking giant UBS, the Monetary Authority of Singapore (MAS), and SWIFT. The pilot program tested tokenized fund settlements between the entities and featured settlement options in non-blockchain currencies. Shortly before the conclusion of the pilot initiative, the TronDAO — the decentralized autonomous organization that governs the Tron network — announced it was adopting Chainlink as its oracle provider for price data. Chainlink also announced the launch of private blockchain transactions for financial institutions — an indispensable feature for businesses that must protect sensitive data during deals. The privacy-enhancing suite of features included the Blockchain Privacy Manager — which allows private enterprise blockchains to connect to the Chainlink network and an end-to-end encryption solution called CCIP Private Transactions. Despite Chainlink's continued growth, competitors like the Pyth network, Chronicle, and Redstone are eroding Chainlink's market share. In October 2024, Pyth flipped Chainlink in terms of 30-day transaction volume. However, Chainlink remains the dominant oracle provider regarding total value secured (TVS). According to DeFi Llama, Chainlink held approximately 46% of the total value secured across oracle providers in October 2024, while Pyth held roughly 9.5%. Magazine: ChainLinkGod was in High School when he started the account! X Hall of Flame # Blockchain # Altcoin # Donald Trump # Chainlink # DeFi Add reaction