Chainlink tops Decentralized Oracles over Maker and WINkLink

Jamie Larson

• 1 min read
Chainlink tops Decentralized Oracles over Maker and WINkLink

Blockchain and decentralized finance rely on decentralized pricing oracles. Chainlink is now the best service provider. Maker and WINkLink have risen in the ranks, but not as expected.

Decentralized oracles secure blockchain value like DeFi protocols. Chainlink has been the top oracle services provider in recent years. It protects 178 protocols, which is a lot.

Chainlink's TVS is $16.1 billion. Over 20% of DeFi's total value is sourced through Chainlink oracles. It's hard to argue with such a commanding position, and one wonders if another provider will catch up.
Maker and WINKLink are the other leading providers with over $1 billion. Both oracle solutions secure two protocols, unlike Chainlink. Maker oracles are utilized by MakerDAO and KEEP Network. Last protocol represented $35.82 million in TVL, making it an interesting "experiment" to see how oracles perform.

On Tron, WINkLink looks different. It's used by $1.45 billion JustLend and $1.12 billion JustStables. Such amounts are riskier to entrust to one oracle supplier, yet WINkLink performs as expected.

Next?

Developers and projects can choose from a dozen oracle service providers. Oracle vendors should integrate with various protocols or discover high-value targets. Currently, it looks like there's a war on both fronts.

TWAP is Chainlink's biggest volume competitor. It secures Angle, Algofi, Klap, and BiFi. TWAP's aggregate TVS is $456.22 million, proving smaller protocols like this oracle provider. Internal secured 21 protocols worth $123.19 million, including Meshswap, Single Finance, and Knit Finance.
Chainlink, Maker, and WINkLink are the best values. Band Protocol has the highest chance, with $730 million among 20 procedures. Pyth has $647 million in TVS across 20 protocols. Decentralized oracles will rise rapidly, but nothing is certain.