MMB
103 posts






The Chainlink Effect for stablecoins.






Chainlink is a grossly misunderstood and massively undervalued project. The market still prices Chainlink from the vantage of this misunderstanding—a mere $15.5B mcap, far less than projects that have a fraction of the utility or potential. Let’s review one of Chainlink’s most central accomplishments called “The Golden Record”. This record is how TradFi can universally move on-chain. All participating parties, regardless of the chain they built on, need to be able to interoperate and move assets / value cross chain. For the global financial system to achieve tokenization at scale, buyers/ sellers, asset issuers, FMI’s and other market participants across fragmented public and private blockchains must have a universal set of standards with which to communicate. So not only must tokenized assets be transferable cross-chain, but the data required to facilitate transactions of tokenized assets such as net asset value (NAV), proof of reserves, pricing information, identity data, and more must be consistently available on-chain for all parties and it has to be lightning fast. The above is the basis of what Chainlink is currently in production on with SWIFT, DTCC, EuroClear, ClearStream, HKMA and several major global banks such as Citi, ANZ Bank, HSBC, UBS and many others. The first tranche of these projects expected to go live utility is SWIFT, beginning with live trials in Q1’25 and scaling up through the year. It’s important to understand that once live, all usage of the Chainlink protocol stack requires payment in $LINK (or other assets converted into $LINK for an extra 10% fee). Hence the term #UniversalGasToken Chainlink is integrating itself into the actual SWIFT platform. To be absolutely clear, Chainlink is not merely connecting to SWIFT but integrating CCIP into SWIFT’s main software. In other words, Chainlink is working with and capturing value from SWIFT’s 11,500 member banks. The DTCC settled nearly $3 quadrillion in transactions last year. Yes, QUADRILLION! This is inclusive of equities, fixed income, derivatives, investment trusts, institutional trades, investment asset loans and OTC markets. The DTCC's settlement process is the final step in a securities trade, transferring ownership of securities and cash between trading parties. Chainlink is being integrated into DTCC’s primary platform as well. Once again, not connecting to or acting as an optional layer of utility. Chainlink is being integrated into DTCC’s system and as such has already set themselves up to capture value from every Wall Street transaction that takes place on-chain. Chainlink has clearly entrenched itself as the de-facto standard for how Global TradFi will enter the blockchain age and this is only a small sample of what Chainlink has been working on. If you read this post and still think that your favorite L1 is going to capture the lions share of what’s coming to crypto, go back and read the post again. $LINK is 👑


Barely visible.



$CHEX May the runner RUN. 😈 Gib $1 and we start hitting CEXs

Dont forget the ones who have barely food to eat those days. While our tables are full... 🤝






