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Chainlink Weekly Report｜Oracle Machine Attacks Are Frequent, Chainlink’s Value Is Recognized

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Some users believe that Chainlink is currently the best oracle machine in the DeFi field

According to Rhythm BlockBeats, from November 23rd to November 29th this week, the price of LINK in the secondary market was US$13.8, a weekly drop of about 11.21%, ranking fifth in market value. This week, Chainlink partnered with SmartKey, Bitrue, and Beam; Chainlink oracles will support the Curve token pool; sports data provider TheRundown will run its own Chainlink nodes.

Last week, Compound suffered an oracle attack that resulted in $90 million worth of assets being liquidated. Many practitioners on Twitter believe that Chainlink is currently the best oracle machine in the DeFi field.

Secondary Market

On November 23, the price of LINK rose to $14.92, ranking fifth in total market value. According to CoinGecko data, LINK opened at $14.71 on November 23 (last Monday) and closed at $13.06 on November 29 (last Sunday), a drop of about 11.21% within the week. Currently, Chainlink ranks fifth in terms of market cap and is currently trading at $13.79.

Ecological cooperation and development

The Chainlink oracle will support the Curve token pool:

In order to ensure that the currency used in various DeFi protocols Fair market pricing of Curve LP tokens, Curve Finance recommends that protocols integrate Chainlink price feeds to value LP tokens and other assets to protect their users from flash loan attacks.

SmartKey and Chainlink oracle integration:

The IoT platform SmartKey will integrate Chainlink oracles to trigger actions for IoT functions based on real-world data. It is currently being tested in a city in Poland where firefighters and ambulances can automatically enter locked buildings/gates in case of emergency.

Bitrue integrates Chainlink VRF in its daily sweepstakes Select winners:

Singaporean exchange Bitrue has integrated Chainlink VRF in its daily XRP draw Winners are selected at the event. With daily prizes worth up to $60,000, Chainlink VRF ensures that Bitrue’s off-chain sweepstakes are executed in a highly secure and provably fair manner.

TheRundown will run Chainlink nodes to provide smart contract signing Sports data and odds:

Sports data provider TheRundown will run its own Chainlink node, Blockchain apps sell their sports data and odds. Prediction markets and fantasy sports games can query TheRundown's oracles for real-time odds, scores, player stats, and more.

Beam will integrate with Chainlink to bring confidential DeFi Oracles:

Privacy-focused blockchain Beam is integrating Chainlink price feeds to make it Developers are able to build DeFi DApps. The initial integration will focus on using Chainlink oracles to maintain collateral on its stablecoin protocol.

Chainlink participates in Gitcoin Funding Round 8 to support Ethereum infrastructure construction:

Chainlink is pleased to fund the eighth round of Gitcoin donations, the funds will be used Support open source development of Ethereum infrastructure projects. Chainlink will continue to contribute to the open source ecosystem.