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<p>Tellor (TRB) has come back to life over the last 24 hours, with its native token surging around 12% to above $138. The price action continues a robust 30-day rebound of nearly 30% as Tellor garners increased interest around its decentralized oracle technology, enabling crucial blockchain data feeds.</p>
<h2 class="wp-block-heading" id="the-importance-of-blockchain-oracles">The Importance of Blockchain Oracles</h2>
<p>As background, oracles serve the indispensable role of securely relaying external real-world data like weather information, sports scores, random numbers, etc. onto blockchains to inform reliable smart contract execution.</p>
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<p>Without dependable oracles delivering verified data that is not inherently accessible on-chain, a significant portion of DeFi and dApp innovations lose viability. Hence, as the adoption of applications like lending, trading, insurance, and more accelerates, so too does the necessity of production-grade oracles.</p>
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<p><em><strong>Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="CoinStats" href="https://captainaltcoin.com/go/coinstats-3/" data-shortcode="true">CoinStats – Start using it today</a></strong></em></p>
<p>With strong double- and triple-digit returns over the past month and year, TRB continues to advance as leaders recognize Tellor’s pivotal role in enabling the next generation of on-chain infrastructure, fueling web3 innovation. Its 11% breakout looks to have room to run amidst accelerating tailwinds.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-tellor-trb-price-up/" rel="noopener noreferrer nofollow">Why is Tellor&nbsp;(TRB) Price Up?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is Tellor (TRB) Price Up?

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