Token

Solana

Pace

Chainlink

Avalanche

<p>An emerging on-chain trend <a href="https://twitter.com/BuyMoreLink/status/1711575221084586216?t=iTpXHFVIu3dPOHVfuvsVSw&amp;s=31" target="_blank" rel="noopener noreferrer nofollow">highlights</a> the outsized value captured by oracle network Chainlink (LINK) relative to valuations, according to analyst commentary.</p>
<p>Over the past 30 days, Chainlink generated nearly as much total fee revenue as blockchains Solana, Polygon, and Avalanche combined, despite the latter platforms having a cumulative market cap over 4X larger.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="935" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-232-1024x935.png" alt="" class="wp-image-352834" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-232-1024x935.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-232-300x274.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-232-768x701.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-232-1536x1402.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-232-2048x1870.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-232-164x150.png 164w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-232-100x91.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-232-383x350.png 383w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-232-788x719.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-232.png 241w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>As of October 2023, LINK’s network fees totaled $4.4 million over the trailing month, based on data from Token Terminal. In comparison, SOL, MATIC, and AVAX combined for $5 million in aggregate revenue. Yet their combined market capitalization equals roughly $17 billion.</p>
<figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="501" src="https://captainaltcoin.com/wp-content/uploads/2023/10/image-231-1024x501.png" alt="" class="wp-image-352826" srcset="https://captainaltcoin.com/wp-content/uploads/2023/10/image-231-1024x501.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-231-300x147.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-231-768x376.png 768w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-231-1536x752.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-231-2048x1003.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-231-306x150.png 306w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-231-100x49.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-231-715x350.png 715w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-231-788x385.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/10/image-231.png 288w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Meanwhile, Chainlink’s current market value sits around $4 billion. This means LINK is managing to capture a comparable level of network value to platforms worth multiples more.</p>
<p>The dynamic highlights Chainlink’s greatly undervalued network effects relative to its competitors interoperability platforms. Despite its pivotal role in cross-chain connectivity and real-world data feeds, LINK continues to lag in market cap versus other major layer 1s.</p>
<p>As DeFi and Web3 applications expand across fragmented networks, Chainlink’s established oracle infrastructure stands to benefit tremendously. The ongoing revenue figures suggest the protocol is already successfully monetizing its network specialization.</p>
<p>For traders, this monetization edge makes LINK an intriguing speculative bet if its valuation ever gravitates more closely toward on-chain financial realities.</p>
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<p>The post <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com/chainlink-revenue-keeping-pace-with-solana-and-these-2-networks-with-only-1-4th-the-market-capitalization/">Chainlink Revenue Keeping Pace with Solana and These 2 Networks, With Only 1/4th the Market Capitalization</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

Chainlink Revenue Keeping Pace with Solana and These 2 Networks, With Only 1/4th the Market Capitalization

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