Chainlink dominance challenged by Pyth’s 46x growth in 2024

Chainlink, a decentralized oracle provider, faces increased competition in the oracle market despite being a long-established dominant force.

Through 2024, decentralized oracle network Pyth has grown significantly, increasing its total value secured (TVS) by a factor of 46 in nine months, from $98.4 million to $4.7 billion.