- how did ADA reach 90~ billion MC with no functioning ecosystem? However the tokenomics of the chainlink ecosystem are not fully realized until staking is in operation which is confirmed for this year along with CCIP.
The market hasn't worked out where the long term value capture is. The oracle problem is worth more than all of crypto combined.
>Blockchain = Computer
>Blockchain + Oracles = Computer + Internet
>Blockchain + Oracles + DECO (CL component) = Computer + Internet + TLS/SSL
Chainlink is Layer 0 (see CCIP), the blockchain of blockchains without a blockchain. Abstraction layer that will be used by everyone, in the end crypto = the "Chainlink Cloud" and everything else will be plug-in's and adapters to said cloud.
They are building the worlds first trust network which is an extension layer to the entire Internet. It is also a winner takes all layer - attempting to replace/compete with Chainlink will be the equiv of trying to spin up a second competing set of Internet protocols.
Still waiting for all this Doug. Hopefully we actually see this in year 2022
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