Zach Rynes | CLG

Most people's mental model of Chainlink $LINK is completely wrong Here's why👇 People often think of oracles as simple middleware bolted to the side of a blockchain, simply injecting price data In their mind, Chainlink is "just an oracle" so who cares right? A more complete mental model is that Chainlink is the global orchestration layer that sits above and across all blockchains and external systems A unified platform that enables organizations to create advanced business workflows spanning any number of blockchains, legacy systems, and oracle services, all powered by a decentralized runtime environment This matters now more than ever because we are entering a Cambrian explosion of blockchains of all kinds (public & private, L1 & L2, DeFi & TradFi, EVM & non-EVM) The cost and friction of launching a new blockchain network has never been lower And what we have seen historically is that in order for a blockchain to be successful, it needs critical oracle services: - Data oracles: DeFi needs market data to secure lending and derivatives, while TradFi needs NAV data for tokenized funds and corporate actions data for tokenized equities. Proof of Reserve provides public visibility into the reserves backing tokenized assets - Cross-chain oracles: Digital assets in both DeFi and TradFi need to be securely transferable across any public or private blockchain to access a greater pool of buyers, minimizing liquidity fragmentation and enabling advanced settlement workflows - Compliance oracles: Regulated tokenized assets need to comply with various regulations and internal business logic rules around identity verification and risk management to become adopted by institutions - Privacy oracles: Sensitive information needs to be made accessible to blockchain apps without revealing the underlying data, while private chains need to connect to public chains while only selectively revealing what is needed to complete transactions - Legacy-system oracles: Institutions want to access public and private blockchains using their existing infrastructure and messaging standards (Swift, FIX, DTCC) through a single integration gateway rather than manually integrating with thousands of chains individually - Orchestration oracles: Institutions need to be able to coordinate complex business workflows that span multiple blockchains, legacy systems, and oracle services through a simple API gateway Chainlink is the only unified platform that provides all of these solutions in a single offering, minimizing trust-assumptions and eliminating the complexity of using a patchwork of service providers This is how institutions adopt blockchains, not by betting on specific chains, but integrating with a unified platform that provides them access to any public or private chain While blockchains fiercely compete amongst each other to become the transactional database layer, Chainlink wins regardless of which chains are used For Chainlink, every new blockchain introduced to market is all the more justification for why organizations need a global orchestration layer to manage the complexity Financial market infrastructures like Swift, DTCC, and Euroclear understand this, which is why they have adopted Chainlink alongside J.P. Morgan, Mastercard, Central Bank of Brazil, UBS, SBI, Fidelity International, ANZ, and many others In addition to powering the DeFi economy (70%+ marketshare globally, 80%+ on Ethereum, and 90%+ on L2s), Chainlink directly monetizes the integration and deployment of its services on blockchains via the Scale program and enterprise deals Onchain revenue from the usage of Chainlink services, as well as offchain revenue from Scale and enterprise deals, directly fuel $LINK token buybacks which grow the Chainlink Reserve Chainlink services have already enabled $28+ trillion in transaction value across 77+ blockchain networks via 2,000+ oracle networks used by 500+ applications, with more public and private blockchains regularly integrated all the time Today, developers build on blockchains and plug into Chainlink In the future, developers will build on Chainlink and plug into blockchains The result is straight forward: More blockchains ↓ More Chainlink adoption ↓ More onchain & offchain revenue ↓ More $LINK token buybacks ↓ Chainlink's dominance compounds

@knilniahc I wish them both the best, but yeah pretty clear who is picking up the lead right now

@Lilgucci2 You don’t understand what a prime brokerage is or does

You’re a idiot you think just because you read some shit from so articles on the internet you think you have intel in what ripple prime uses, you’re not in the meeting with ripple you don’t know what they are doing with ripple prime you only going off what they release on the internet it’s pathetic how you dudes go out yall way worried about what usage is being used by xrp if you don’t believe in the project well don’t invest in it and I’m talking beyond your money I’m talking about your time for the past week you been on xrp nut sack as if the token smashed your 🐕 tch or something like dude go touch some grass

COMPLETE LIST OF PARTICIPANTS IN DTCC's PRODUCTION TOKENIZED ASSET TRADES 👇 Notice whose missing? Turns out financial institutions have *zero* interest in using $XRP as a "bridge currency" when settling tokenized securities Whereas Chainlink infra provides undeniable value in unlocking the utility & distribution of tokenized securities through 24/7 collateral management workflows Alpaca BetaNXT BitGo Bank & Trust, N.A. BlackRock Blockdaemon BNP Paribas Securities Corporation Broadridge Chainlink Circle Citadel Securities CME Group Digital Asset Holdings (creators of Canton Network) DriveWealth DRW Fireblocks Flow Traders FTSE Russell Goldman Sachs HIFI Invesco J.P. Morgan Kaleido Linux Foundation Decentralized Trust (LF Decentralized Trust) Marex Microsoft Nasdaq New York Stock Exchange Ondo Finance Prometheum Capital S&P Dow Jones Indices Societe Generale State Street Investment Management Talos Temple Digital Group Tradeweb Vanguard Velocity Capital LLC Virtu Financial, Inc.

The biggest headwind for DeFi’s growth to date has been the lack of high-quality assets Historically, DeFi has primarily been used to facilitate the speculation of tokens of questionable and circular value But I have long-held the perspective that if we could hot-swap in high-quality productive assets, then the true value of DeFi would really shine There is inherent, self-evident value in having a globally-accessible, permissionless, and programmable financial system I used to think Coinbase was perfectly positioned to facilitate this transition to RWAs, and maybe they still are, but they got distracted with selling gambling products to retail This has left a void I think Robinhood is quite well positioned to capture as the competing brokerage with far less crypto rot baggage Yes, Robinhood Chain’s growth so far has been mainly a result of memecoin gambling, that is undeniable (and true of every new chain ecosystem) But I believe Robinhood’s suite of tokenized equities and ETFs offer the core RWA primitives to build DeFi 2.0 (for real this time) With Chainlink as Robinhood’s official data and cross-chain oracle provider, they have the distribution & utility layer needed to scale TVL massively Not to mention Robinhood’s quality of execution, seamless user experience, and strategic focus on expanding access to financial services I have been waiting for this transition for many many years, and it’s never felt more inevitable than right now

70+ of the world's largest financial institutions—Swift, DTCC, Mastercard, UBS—run on Chainlink. It’s crypto's bridge to the real world. Our new white paper explains in plain English what Chainlink does, why LINK accrues value, and how to get exposure via the Bitwise Chainlink ETF $CLNK. Check it out: bitwiseinvestments.com/crypto-market-…

@RealLATrader You are quote tweeting misinformation

@ChainLinkGod Figure it out. Multiple blockchains will benefit x.com/mrnguyen007/st…

Ripple Prime does not use XRP in any meaningful way, it’s one of thousands of supported asset Any revenue generated accrues to Ripple Labs and its shareholders, the same entity who sells XRP to fund corporate acquisitions and stock buybacks And you are not a Ripple Labs equity investor

@ChainLinkGod @gabegarciazen Do your research. Look it up yourself. DTCC will use Ripple Prime as a participant in clearing and settlement infrastructure. Ripple Prime uses XRP.

@LinkBoi777 @Token_Logic @aave @chainlink Depends on various factors, but SVR is most relevant when liquidating collateral on lending markets And Chainlink’s work with DTCC is on powering 24/7 collateral management workflows… Wen DTC-tokenized assets on Aave 🤔

@ChainLinkGod @Token_Logic @aave @chainlink Would SVR be something the DTCC would consider for their collateral appchain in the Future? Or won't create it additional value for them?

SVR recaptured $190M in liquidation volume in Q2 2026, generating $4.69M in fees split between the @aave DAO and @chainlink. That makes it the DAO's 2nd largest revenue source, behind only borrow interest, just over a year after launch. Since launch, SVR has processed more than $886M in collateral and generated $22M+ in total fees. Full breakdown in our Q2 report ↓

@x_MrCrimbo_x @CatfishFishy @coinbureau You have zero idea what you’re taking about

@ChainLinkGod @CatfishFishy @coinbureau Yeah. Thats why you shouldn’t get mad at Stanfords study for exposing the risk of using the LINK based settlement for things like this

🚨NEW: Stanford study exposes widespread manipulation across 5-minute Bitcoin markets Researchers from Stanford University and Singapore Management University found evidence that traders exploited Polymarket’s five-minute Bitcoin markets by manipulating spot prices around settlement to profit at the expense of retail users. The study identified 821 suspected manipulators who allegedly pocketed $8.2 million by placing concentrated trades in the final seconds before settlement, briefly moving Bitcoin prices before they rapidly reversed. Researchers found that extending contract durations to 15 minutes and moving away from reliance on a single Chainlink-based settlement price could largely eliminate the manipulation.

@x_MrCrimbo_x @CatfishFishy @coinbureau Have you ever heard of the concept of “don’t shoot the messenger”?

@CatfishFishy @coinbureau Another counterparty issue for Chainlink. What number is this now?

This concept is called revenue multiples, which reflects the fact that not all revenues are created equal (in terms of growth, predictability, margins, etc) But that’s doesn’t mean “buybacks don’t work”, that’s an extreme conclusion that doesn’t reflect how mature capital markets operate, not everything can achieve a memecoin-like monetary premium like Bitcoin Would also add, you can’t look at buybacks in a vacuum, you have to consider the net flows, (e.g., future insider token unlocks/sales) and how likely the team is to change how much accrued to the token (e.g., PUMP going from 100% to 50% buy-back and burn) But otherwise generally agree regarding the difference in trust between HYPE and PUMP teams

i have a thesis that buybacks don't actually work hyperliquid makes $800M annualized revenue pump fun makes $440M annualized revenue $HYPE trades at $65B FDV while $PUMP trades at $1.4B FDV both teams do regularly recurring buybacks with portions of their profits from the business but they trade at vastly different ratios to their revenues i believe the difference is not in how much actual revenue is generated by the business but instead its reflective of the trust premium ascribed to the team determined by their actions and decisions in the market, hyperliquid never overpromised anything, only focused on shipping product and emphatically rewarded their core users based on pre-determined metrics that contributed the most to the platform, the core users of hyperliquid have a very high trust rating with Jeff, & even if you believe the perps revenues are slightly more durable which maybe they are, i believe this trust premium on their execution and social alignment with the community is a major factor in why the token trades so well in contrast, pump fun made $1B in revenue, raised another $1B in their ICO, and promised an airdrop to users that was never delivered, even though they are one of the most successful and consistent businesses in crypto, they do not have social alignment with their core userbase and therefore do not have a comparable trust premium that hyperliquid has, recently it seems they've made concerted effort to improve comms and talk to community more, i believe that if they were ever to seriously focus attention on shifting this dynamic by actually doing the airdrop they've promised and responding to the concerns of their core user base, then the token would trade 10-15x higher, as it would also likely materially increase their volume, attention, and resulting revenues on their platform bitcoin makes $0 in revenue but has a ~$1.3T market cap, it has the greatest trust premium of any asset to ever exist, people know that there will only ever be 21M coins, and they know that the network will always continue to function no matter what to fulfill its necessary actions this is part of what ive been talking about when i say that there is intangible value that contributes to the valuation of a business in addition to the tangible value that is determined purely from revenues and other metrics trust, memetics, and attention are all very important and heavily underdiscussed in markets

Thank you for being such great hosts @DeFi_Dad and @Nomaticcap. With all the noise and all the distractions happening constantly it's important to reflect on where we are what's in store for us as an industry. We've come so far in so few years.. 10 years ago our space was a land of white-papers, fairytales, dreams and ideas. Today, the very same space is accepted as being the future of finance through DeFi and tokenization, the future of news through prediction markets, the future neutral layer for global trade and so many other industries that make our world what it is today. It's the very same space, that has given opportunities for disenfranchised people to have access to safe money through stablecoins, has given day to day folks an edge against inflation, has given the unbanked access to DeFi... In brief crypto, in 10 shorts years has changed the world, and there is so much more to come! It's also humbling to see that so many of what we build today in our space is built on top of Chainlink. As an infrastructure that sits on top of every chain, we've had more adoption that any other infra out there. Anything that needs data, that needs cross-chain, identity, privacy.. all of this is built on Chainlink. Our growth will be linked directly to the success of this industry and I am widely optimistic that Crypto will eat the World!

@Coachjv_ There are no narratives, it is a factual statement that XRP was not involved in the DTCC‘s production tokenized securities transactions today Any confusion is a result of lying XRP influencers who do not acknowledge this fact but pretend XRP is involved anyways

Right now, there is a battle of narratives. Some voices say XRP and DTCC are connected, while others say absolutely not. That tension is fueling a lot of the confusion. We are living through a massive shift in financial infrastructure. Tokenization, blockchain rails, new liquidity models. But social media signals aren’t the same as official adoption. the smartest move is staying grounded. Distinguish what is confirmed from what is assumed. Markets have a way of humbling loud narratives. The long-term winners usually tune out the noise, and keep learning while the story develops. Until then I will keep stacking XRP, Bitcoin, and solana because I have conviction in them. Yes I hold other Cryptos but I am going accumulating these three going forward. If something changes I will update.

DTCC production launch day concludes. No $XRP, no XRPL, no Ripple, not even Ripple Prime! Chainlink's platform is integrated into DTCC’s Collateral AppChain to enable the seamless pairing of asset prices, valuations and collateral movement with the aim of overhauling how market risk is managed globally. DTCC built their workflows for their Collateral AppChain’s advanced eligibility, valuation, margining, collateral optimization, settlement, and related post-trade processes using Chainlink's Runtime Environment platform. $LINK is the ticker.

@AxeCapital21 It’s a direct copy paste of names from the press release today dtcc.com/news/2026/july…

@ChainLinkGod That’s not the complete list you dimwit.

Congratulations to @The_DTCC on processing its first-ever production trades of tokenized U.S. securities, powered by Chainlink alongside 30+ major institutions: • BlackRock • J.P. Morgan • Goldman Sachs • Vanguard • NYSE • Nasdaq • CME Group • Microsoft • State Street Investment Management • BNP Paribas Securities Corporation • Societe Generale • S&P Dow Jones Indices • Citadel Securities • FTSE Russell • Invesco • Broadridge • Tradeweb + many more With quadrillions processed annually as critical infra underpinning U.S. securities markets, DTCC is now bringing tokenization to the American financial system. This pivotal industry milestone sets the stage for the official launch of the DTCC Collateral AppChain later this year, where Chainlink is unlocking 24/7 collateral management for DTC-tokenized assets.

@RealLATrader I’m curious, what do you think this means

@ChainLinkGod First frame of DTCC's video today. What do you see x.com/The_DTCC/statu…

@JW_WWJD No amount of wishful thinking will change the fact that XRP was not used as a bridge currency by DTCC, it’s okay to let it go

You keep confusing absence of evidence with evidence of absence. The pilot didn't publicly use or mention XRP—that's a fact. Claiming XRP had zero involvement in any way, now or in the future is something you can't prove. You're presenting speculation as certainty while accusing everyone else of doing exactly that. That's irony.

@James55238753 Don’t outsource your thinking to ChatGPT

@ChainLinkGod Unfortunately you’re using a classic argumentative technique—presenting a factual premise to sneak in an unproven conclusion. You need to at least prove that DTCC’s trial is the definitive, final verdict on all institutional blockchain settlements—which it isn't.