Despite the volatility in the crypto market, Chainlink has continued to offer its services to various sectors in the crypto space. Over the last few months, the protocol has collaborated with a huge number of players in the crypto space.
Realistic or not, here’s LINK’s market cap in BTC’s terms
According to Eric Wallach, an analyst at Platoon Digital, Chainlink’s Key Performance Indicators (KPIs) have grown incrementally over the last month.
<p lang=«en» dir=«ltr» xml:lang=«en»>Chainlink Network Financials & Valuation [1Q23 Update] • Key Performance Indicators (KPIs) • Chainlink Network Financials • LINK 2.0 Discounted Cash Flow (DCF) Valuation Model • Guide to resources (spreadsheets and Dune queries/dashboards)Tldr; Lots of promise! pic.twitter.com/oTPAlXp0pe
— Eric Wallach (@ejwallach) April 6, 2023
For instance, the protocol’s Total Value Secured (TVS), increased by 26% over the last quarter and reached an amount of $12 billion. Chainlink’s position as the dominant player in this sector was strengthened due to this, as it held a market share of over 75% in this domain.
Source: Platoon Digital
The high TVS collected by Chainlink could be attributed to the performance of its Price Feeds product. According to Eric, the Price Feeds transactions surged by 8% over the last quarter.
<p lang=«en» dir=«ltr» xml:lang=«en»>Chainlink KPIs improved big time • Transaction Value Secured (TVS) up 26% Q/Q to $12B. • Lead over #2 in TVS up from 33x to 35x. • Lead over #2 in # of Protocols Secured up from 2.6x to 3.4x. • Price Feed TXs up 8% Q/Q despite total TXs across relevant networks down 16% Q/Q. pic.twitter.com/pDvJuBmfAB— Eric Wallach (@ejwallach) April 6, 2023
However, the same could not be said about Chainlink’s other products, such as
Read more on ambcrypto.com