Sabitlenmiş Tweet
CHAINLINK: Delivering Privacy’s End-Game
@SergeyNazarov called lack of privacy "the greatest barrier holding back large-scale institutional adoption of onchain finance."
English
Fishy Catfish
59.8K posts
@KennethMelvin17 @binocularsdefi x.com/i/status/19887…
Another guy who has no idea what he's talking about.
Unlocks aren't dumps.
Fishy Catfish@CatfishFishy
Thread👇 Since I've seen the topic of LINK token releases come up often, I wanted to a short thread to clear up some misconceptions around them. 1) Token unlocks are *NOT* the same thing as token sales. 70M LINK is released to the team per year regardless if they’re actually sold or not. In fact, if you look at the supply of LINK on exchanges (cryptoquant.com/asset/link/cha…), it's closing in on a 3 year low, despite the total number of token unlocks we've had being at an all time high (because that's a cumulative number) It's actually at the lowest level as far back as this tracking tool even goes, but I don't want to overstate it if we can't see it. 2) Unlike other projects, LINK token releases don’t just fund the team, but also fund staking rewards and node oracle rewards, and other forms of network incentives. Because Chainlink is not a blockchain, it doesn't have programmatic block rewards by which to distribute inflation. Furthermore, because Chainlink is comprised of hundreds of oracle networks, it cannot have a "one size fits all" block reward because different networks have wildly varying costs due to chain gas cost and node count. Therefore, the manual token unlocks allow Chainlink Labs to use a scalpel to distribute rewards in a fine-tuned way to not overpay for node operations. 3) There is **NO** negative correlation between price and token release. Price has actually gone up after token releases historically + the period of time when LINK perfomed the worst, there was zero token releases happening. You will see my Lookonchain tweet in my thread with evidence: "Before this, Chainlink had unlocked 10 times in total, and 9 of them saw price increases 30 days after unlocking." 4) LINK is capped at 1B max supply, so token releases are finite and have an end date (with lowering inflation each year), whereas reserve buybacks will only grow in size tied to network adoption and will continue far beyond when token releases end.
English
@CatfishFishy @binocularsdefi Those buy backs don’t even cover the amount they dump on us. Scammed again
English
As usual, $LINK does not benefit from this type of arrangement. Retail investors are suckers for holding this token. You are not owning any revenue or institutional income, thus the market yawning at news like this. You’re better off holding a revenue token like $HYPE
MSB Intel@MSBIntel
BREAKING: $1 Trillion Fidelity officially chooses Chainlink to secure its new FILQ tokenized fund.
English
@binocularsdefi x.com/i/status/20574…
Have you literally never read any of the countless tweets or blog about this?
Chainlink@chainlink
The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink Network by accumulating LINK using offchain revenue from large enterprises adopting Chainlink and onchain revenue from service usage. reserve.chain.link
English
@binocularsdefi x.com/i/status/20574…
As usual, random guy has no idea what you're talking about.
Revenue both onchain and offchain, flow to token buybacks.
What do you think the Chainlink Reserve is?
Chainlink@chainlink
$LINK RESERVE UPDATE The Chainlink Reserve just accumulated 123,777.33 LINK ($1.1M+). Total holdings: 3,779,076.15 LINK.
English
Fishy Catfish retweetledi
Nate was a once-in-a-generation founder and visionary. He was absolutely brilliant, with a vision and drive that shaped the industry and everyone around him. He will be enormously missed. Wishing the best for his family, friends, & our colleagues in this difficult time.
Ondo Finance@OndoFinance
It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo's founder. Our hearts are with his family and loved ones. Nate’s brilliance, humility, and drive shaped every part of what Ondo is today. His belief in the power of technology to create a more open, accessible financial system lives on in everything we build. The impact he had on this industry, and on all of us personally, cannot be overstated. Nate also helped us build a durable organization with experienced leaders across all facets of the business. Ian De Bode, Ondo Finance’s longtime President, will serve as CEO. Ian has been leading our strategy, product, and day-to-day operations for over two years and has the full confidence of the leadership team. We will continue building what Nate started. That is the most meaningful way we know to honor him.
English
@OndoFinance So sorry for his family and team. What a horrific tragedy. Life is too short and fragile.
English
Fishy Catfish retweetledi
It is with profound sadness that we announce the unexpected passing of Nathan Allman, Ondo's founder. Our hearts are with his family and loved ones.
Nate’s brilliance, humility, and drive shaped every part of what Ondo is today. His belief in the power of technology to create a more open, accessible financial system lives on in everything we build. The impact he had on this industry, and on all of us personally, cannot be overstated.
Nate also helped us build a durable organization with experienced leaders across all facets of the business. Ian De Bode, Ondo Finance’s longtime President, will serve as CEO. Ian has been leading our strategy, product, and day-to-day operations for over two years and has the full confidence of the leadership team.
We will continue building what Nate started. That is the most meaningful way we know to honor him.
English
Fishy Catfish retweetledi
@OndoFinance Nate was a once-in-a-generation founder and visionary. He was absolutely brilliant, with a vision and drive that shaped the industry and everyone around him. He will be enormously missed. Wishing the best for his family, friends, and colleagues in this difficult time.
English
@KennethMelvin17 @thegraphers @bob4punk x.com/i/status/20589…
I can't tell if these posts are satire still in 2026.
Fishy Catfish@CatfishFishy
Parser, 1. The #1 performing token is HYPE, where its users use USDC to pay fees to use the protocol, and then that USDC is used to buyback HYPE off the open market. Can your six neurons identify a similarity between that and what Chainlink is doing? Granted Hype's buybacks are quite a bit larger currently, but the premise is the exact same thing, which is what you're criticizing. Chainlink hasn't yet even layered on additional forms of token sinks via expanded proper launch of staking. 2. You literally own the LINK token, so you don't even belive your own words.
English
Why isn’t LINK Chainlink’s most valuable product ?
$LINK
@CatfishFishy @bob4punk
Vivek Raman@VivekVentures
The most high value product of Ethereum is ETH.
English
Parser,
1. The #1 performing token is HYPE, where its users use USDC to pay fees to use the protocol, and then that USDC is used to buyback HYPE off the open market.
Can your six neurons identify a similarity between that and what Chainlink is doing?
Granted Hype's buybacks are quite a bit larger currently, but the premise is the exact same thing, which is what you're criticizing.
Chainlink hasn't yet even layered on additional forms of token sinks via expanded proper launch of staking.
2. You literally own the LINK token, so you don't even belive your own words.
English
@thegraphers @CatfishFishy @bob4punk Price increases as demand increases. Demand will never increase for $link because the token is fundamentally not needed.
English
@Yaugourt @Wachit0Rico I am explaining to the guy who wrote "RIP Chainlink" that Chainlink is a much different protocol than simply price feeds or an "automated newsfeed software."
English
HIP-4 update. This one is big.
Hyperliquid just removed the need for external oracles on prediction markets. The validator set itself is now the oracle.
The same 24 validators that sign blocks every 70ms, secure $3B+ in deposits, and vote bridge withdrawals now deploy and settle prediction markets natively. Automated newsfeed software running as part of regular chain operations. Deployment and resolution through onchain validator vote.
No Chainlink. No Pyth. No UMA. No third party. Closed circuit.
Polymarket uses UMA. Kalshi is centralized. Hyperliquid just made real-world event resolution a native chain function.
Hyperliquid.
English
DTCC@The_DTCC
Today we announced progress toward our goal of advancing 24/7 collateral mobility. DTCC’s Collateral AppChain, a shared infrastructure platform for collateral, will leverage the Chainlink Runtime Environment (CRE) and @chainlink data standard to enable near real-time collateral management across financial markets and blockchains. The integration will enable the seamless pairing of asset prices, valuations, and movement, with the aim of overhauling how market risk is managed globally and unlock greater capital efficiency. This milestone reflects our broader vision to enable 24/7, near real-time collateral management across the global financial system. Read the full announcement: dtcc.com/news/2026/may/…
English
Because ETH is trying to compete on a meme storytelling narrative (SOV), whereas LINK isn't. LINK is competing on revenue and token value accrual.
One is Mother Goose storytelling slop in an already crowded space, where another protocol already dominates (BTC) and another has a better credible claim than ETH to join it (zcash).
Chainlink has the highest revenue ceiling potential of any protocol in crypto and LINK is a objective claim to those cash flows.
We are just entering the era of instituional onchain finance, where Chainlink can serve this market to build countless products and solutions for TradFi.
We already know the market will giga pump a token with large buybacks. All Chainlink has to do is keep increasing the size of its buybacks. That is going to happen.
Whereas, there is less and less demand for ETH for usage, so all you are left telling is a desperation story that it's a SOV because there is nothing else left to hope for.
That's the difference.
English
@CatfishFishy @RaoulGMI @fundstrat Investing is forward looking and people believing in the SoV narrative belief ETH will achieve that. Maybe we’re fools for it, time will tell
English
Very good inductive way to value $ETH by @RaoulGMI
👇
Milk Road@MilkRoad
Raoul Pal: How do you actually value Ethereum? Invert it. "Say, ok, I'm going to turn the switch off - that's all stablecoins, all of DeFi, every layer two, every NFT, all going to zero..." The total loss? "That's the value of Ethereum." FT @RaoulGMI @RealVision @Jamie1Coutts
English
lol yeah real great SOV. Tons of volatility and price hasn't gone up in 5 years.
Being a "great SOV" is a meme. You know what's a better SOV?
Assets that go up in value rather than stay flat or go down.
The points you have to contend with are that as chains scale, the structural demand for gas goes down more and more. As infra matures, L1s capture less and less value.
Tokens that capture more value will do better. It's that simple.
English
@CatfishFishy @RaoulGMI @fundstrat The analogy completely misses the point about ETH being a great SoV for those 10k businesses.
If those businesses in your analogy have big batteries and could capture energy and trade each other for it, energy would be a great SoV
English
Your question means nothing because there are no signers at the protocol level like a L2 chain.
For example, Bitcoin upgrades require independent node operators to individually accept and approve the update, same with CCIP, regardless of onchain or offchain updates, standard or expedited path
Difference is Chainlink DONs are permissioned, which is an inherent part of the trust model of using Chainlink oracle networks in the first place, so there’s no additional assumptions being made in regards to the upgradability process, you assume majority of nodes are honest
CCIP upgradability is timelocked where all changes are first reviewed and approved or vetoed by independent node operators so Chainlink Labs cannot unilaterally change the protocol
Chainlink Labs team can’t make unilateral changes, you are trusting the network of independent nodes, which is a given
English
@CatfishFishy @llamaonthebrink didn't answer the question. how many signers?
English
Oracles are DeFi’s crypronite
The dependency that can implode $100B TVL.
Most onchain apps, with few exceptions, are directly reliant on oracles. And every single onchain app has indirect exposure.
Oracles are also the hardest thing to CROPSify.
So let’s get to work.
vitalik.eth@VitalikButerin
@donnoh_eth @zklim5389 do oracles too lots of skeletons in the closet there I was fully serious when I said last week that making sure all our oracles are resilience and decentralization-maxxed is more important than stage 1 -> stage 2
English
@llamaonthebrink x.com/CoinDataFlow/s…
The rugs only happen when Chainlink isn't being used.
If you or Vitalik actually cared about user funds or safety, you'd be promoting Chainlink to get adopted even more.
CoinDataFlow@CoinDataFlow
April 2026 is turning into one of the worst months for crypto security. 25 hacks in 29 days. $629M+ stolen. Latest: SweatEconomy drained for $3.46M - 65% of supply gone in 30 seconds. That’s roughly one exploit every 27 hours. Аnd April isn’t even over. #CТ #CyberSecurity
English
@CatfishFishy Never ask a women her age
A man his salary
And a Chainlink shill how many multisig signers it takes to rug all of DeFi
English
x.com/The_DTCC/statu…
>a simple price oracle along few products that no one uses
The DTCC, which settles over $4 quadrillion per year for US capital markets, just announced they're building all of their collateral management workflows using Chainlink's Runtime Environment platform.
This is literally the largest announcement in crypto history of an institution using any protocol.
DTCC@The_DTCC
Today we announced progress toward our goal of advancing 24/7 collateral mobility. DTCC’s Collateral AppChain, a shared infrastructure platform for collateral, will leverage the Chainlink Runtime Environment (CRE) and @chainlink data standard to enable near real-time collateral management across financial markets and blockchains. The integration will enable the seamless pairing of asset prices, valuations, and movement, with the aim of overhauling how market risk is managed globally and unlock greater capital efficiency. This milestone reflects our broader vision to enable 24/7, near real-time collateral management across the global financial system. Read the full announcement: dtcc.com/news/2026/may/…
English
@CatfishFishy @VitalikButerin @donnoh_eth @zklim5389 Anh ấy quá rõ các chiêu trò tiếp thị lừa đảo của @chainlinklab. Một oracle giá đơn giản cùng với một vài sản phẩm mà không ai dùng lại tiêu tốn $6 tỷ usd chi phí. Trò lừa đảo này sẽ kết thúc vào năm 2031
Tiếng Việt
@5dayoldburrito @RaoulGMI @fundstrat A random meme slogan isn't an argument.
If you don't like analogies, the argument is very simple, too.
There are tokens with value accrual and there are those without.
Those with will do better.
English
@CatfishFishy @RaoulGMI @fundstrat Hate quote Kyle Salami but if you reason by analogy you will end up wrong
English
@austincampbell x.com/i/status/20523…
Used the exact same analogous argument
Fishy Catfish@CatfishFishy
If the power goes out to 10,000 businesses, the utility company providing it is not worth the GDP generation of those 10,000 businesses. The utility company is valued based around what those 10,000 businesses actually pay to it to receive power on a regular basis. This point doesn't mean that a protocol is a company, but rather is about correctly applying the methodology of valuation. ETH, the asset, only accrues value based on what actually gets paid and captured to use the protocol.
English
Fishy Catfish retweetledi
So I've gotten a bunch of counter-arguments here that I think have made me dramatically more bearish about ETH.
The market seems to agree: ETH hit an ATH in the 4000s in 2021, recovered only to that same level in 2025, but has fallen back down and is not recovering.
BTC got into the low 60k range in 2021, then hit the 120s in 2025, and now sits at roughly $77k, well above the 2021 ATH, and vastly outperforming ETH over that timeframe.
Why?
If you don't think there will be a future link to ETH collecting fees, you are essentially saying ETH will have value because people want to own it, and they want to own it because it has value.
This is a fundamentally circular argument. The idea that they are valued by "the economies they enable" is simply not going to be true over the long run; power is valued by the cost of generation and relative other uses of capital, not by the size of the "economy it enables", otherwise electricity would be the most expensive thing in the world.
I propose most of ETH's current value is from people who believed the network will grow to become a significant part of the financial future and that ETH itself will somehow be able to collect fees, rents, or other value in the form of accrual to ETH in that world.
If that's not true, then it's an open question why the token has much value at all? It probably shouldn't! If it's just some sort of very low cost fee thing without clear value accrual, it should be valued like electricity: pure marginal supply and demand, which also means ETH needs to definitely drive way, way, way more activity and way, way, way more consumer adoption, so the recent EF proposals are a negative.
In the case of BTC, it's clear that value comes from a psychological belief in the monetary premium, though also worth noting that the only asset that has sustained that belief over time in the history of man is gold. BTC has not been trading well as a chaos hedge, and some are starting to revisit this thesis (see @mcuban) and I would also take that as signal.
Put differently: if your value thesis for crypto is that it's going to re-write the fundamental laws of economics and investing, I'm going to bet on those and not the price of the token.
jasperthefriendlyghost.eth@drjasper_eth
@austincampbell ETH isn’t valued by fees, neither is BTC. Both are valued by the size of the economies they enable. Currently BTC is more widely used, Iran wanted it as a toll, but Ethereum has the more diverse onchain economy.
English
@Lumberg @llamaonthebrink x.com/i/status/20014…
The same way they solved corporate action events for TradFi.
You create medianized consensus from a network of LLMs, where each node runs a different AI.
Chainlink@chainlink
Creating a golden source of truth for corporate actions is an "intractable problem”. Swift and Chainlink discuss the solution: oracles, AI, & blockchains.
English