Mert is 1000% correct here, the growing number of blockchains launched by traditional institutions and fintechs is massively bullish LINK Why? Because it aligns perfectly with the thesis that @Chainlink has been building toward for over a decade There will be Cambrian explosion of blockchains of all kinds (public & private, L1 & L2, DeFi & TradFi, EVM & non-EVM, etc) And what we have seen historically is that in order for a blockchain to be successful, it needs a number critical services available to devs on their chains - Data oracles: DeFi apps need market pricing data for lending and perps use cases, while TradFi needs NAV data for tokenized fund issuance/redemptions and corporate actions data for tokenized equities. Proof of Reserve provides transparency into tokenized/wrapped assets. Asset issuers need data services to make their tokens useful within the onchain economy. - Cross-chain oracles: Crypto-native and tokenized assets need the ability to be securely transferred across any public/private blockchains to access a greater pool of potential buyers and enable cross-chain Delivery-vs-Payment (DvP) and Payment-vs-Payment (PvP) workflows. Assets need to move cross-chain, along with the data that makes the asset operational and useful for counterparties. - Compliance oracles: Regulated tokenized assets need to comply with various regulations and internal business logic rules around identity verification and risk management. Automated compliance operations reduces friction for buyers/selling and unlocks the ability for TradFi to bring their capital onchain. - Privacy oracles: Sensitive data often needs to be made accessible to smart contracts, without revealing the underlying datasets. Private chains also need to be interoperable with public chains while only selectively revealing the data needed to complete the transactions. Cross-chain operations between private chains need to keep data fully encrypted. - Legacy-system oracles: TradFi wants to access and initiate transactions across any public/private blockchains using their existing infrastructure and messaging standards (e.g., Swift, FIX, DTCC). Institutions don't want to manually integrate with hundreds individually, they want a single integration gateway to plug into. The state of transactions and assets also needs to be synchronized from blockchains back to legacy systems. Chainlink is the only unified and modular platform that provides all of these services and more, while also providing the infrastructure to orchestrate complex transaction workflows that span all of these services as well as any onchain or offchain system via a decentralized runtime environment Chainlink also provides pre-packaged solutions for institutions centered for use cases involving a Digital Transfer Agent (DTA), Delivery vs Payment (DvP), and an Automated Compliance Engine (ACE) In addition to being used by the vast majority of DeFi, (68% marketshare across all chains w/ 84% marketshare on Ethereum), Chainlink is already working with the largest financial instituions in the world on adopting blockchains and tokenized assets (Swift, DTCC, Euroclear, J.P. Morgan, Mastercard, Central Bank of Brazil, UBS, SBI, Fidelity International, ANZ and many others) Not only that, but Chainlink is able to directly monetize the integration and deployment of Chainlink services on blockchains via the Scale program and enterprise deals that cover the integration, usage, and maintenance of Chainlink services on those chains Onchain revenue from the usage of these services, as well as offchain revenue from Scale and enterprise deals, directly fuel LINK token buybacks, which grow the recently announced Chainlink Reserve Chainlink services already secure 91B across 60+ blockchain networks via 2,000+ oracle networks used by 450+ applications, with more public and private blockchains regularly integrated all the time More blockchains -> more deployments and usage of Chainlink services -> more onchain & offchain revenue -> more LINK token buybacks -> financial resources to continue expanding Chainlink's dominance(Zach Rynes | CLG)