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Chainlink Just Got Pwned by Some Hack in Mom’s Basement: Insiders Weigh In

BlockchainCrypto NewsInstitutional Investors Linda Williams October 30, 2024

A comic-style illustration depicting Niklas Kunkel standing behind a large graph showing the market dominance of Oracle providers' total value secured (TVS), while holding up a 'pull-based model' chart with arrows pointing towards Pyth's rising transaction volume. In the background, Chainlink is shown struggling to keep pace as its own graph shows stagnant growth.

Oracle providers are like the teenagers who suddenly become experts on everything just because they have an Instagram filter – Pyth flips Chainlink’s volume game but let’s be honest, it was probably a bunch of hype from Chronicle CEO Niklas Kunkel. Anyway, we’ll dive into this Oracle drama and separate fact from fiction.

Source: cointelegraph

Pyth flips Chainlink in 30-day volume, Chronicle CEO weighs in
https://cointelegraph.com/news/oracle-providers-pyth-chainlink-volume-tvs-comparison
Pyth Network, an Oracle provider, outpaced Chainlink in 30-day transaction volume despite holding a lower total value secured (TVS). This shift may be attributed to Pyth’s pull-based Oracle model, which only provides data upon request rather than updating it regularly, unlike Chainlink’s push-based model. Pyth’s approach is optimized for high-frequency applications, such as trading, where real-time data access is critical. Niklas Kunkel, founder and CEO of former Oracle leader Chronicle, […]

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Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

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About the author

Linda Williams

Linda’s venture into cryptocurrency ended in a gut-wrenching disaster when she lost her private keys due to a ridiculous mishap involving coffee and a particularly reckless cat. With her funds locked away forever, Linda now pours her frustration into writing biting critiques of crypto’s absurdities, dripping with sarcasm. Her tagline? “I lost my private keys and my sanity. Crypto promised freedom, but all it gave me was a lifetime of regret.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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