The Future of Oracles: Decoding Growth Curves and Specialization Trends

Core Points

1. The Oracle Machine, as the cornerstone of the blockchain world, demonstrates its core competitiveness in four key aspects: the comprehensiveness and credibility of data acquisition, the acquisition of exclusive data and value capture, the security and decentralization of the verification mechanism, and the transmission efficiency and network robustness.

2. The oracle market is expected to reach $13.8-23.1 billion by 2030, showing strong growth potential.

3. The current market landscape is multi-faceted: Chainlink is a leader in terms of rich data sources and extensive project collaborations. Pyth has outstanding performance in financial data transmission speed; Redstone is the only platform that offers both push and pull price feeds.

4. The future Oracle Machine will no longer overly rely on DeFi price feeding services, and real-world assets (RWA) are expected to become a strong second rise curve.

5. The integration of emerging technology fields such as DePIN, AI, and DeSci with Oracle Machine data services is giving rise to diversified professional development paths for Oracles.

Oracle Machine Development History

As an important infrastructure of the blockchain ecosystem, oracle (Oracle) has gone through more than ten years of development:

• Pre-2014: Augur predicts that the market is emerging and the demand for oracles is beginning to emerge
• 2015-2016: Ethereum co-founder Vitalik introduced the oracle concept, Oraclize( is now the first decentralized oracle service for Provable)
• 2017-2018: The Chainlink project was established, proposing a decentralized Oracle Machine network to solve the single point of failure problem.
• 2019-2021: The DeFi explosion, Oracle Machine became a core data service provider, competitors like Band Protocol and Tellor emerged.
• 2022-2023: Oracle Machine services expanded to multi-chain, Chainlink launched the cross-chain interoperability protocol (CCIP), Pyth focused on financial data services going live.
• 2024-2025: Oracle Machine services expand from DeFi to areas such as gaming, NFT, insurance, with new demands for Oracle Machine from DePIN and AI applications.

! Undervalued High Growth Tracks: Finding the Second Growth Curve of an Oracle

Main Oracle Machine Project Analysis

Chainlink: The All-in-One Oracle Machine Leader

As the absolute leader in the market, Chainlink accounts for 76.9% of the total market value of Oracle Machines, offering four core services:

1. Feed Price Service ( accounts for 95% of revenue ): Obtaining and verifying off-chain asset prices through multiple nodes and data sources to provide reliable data for DeFi applications.
2. **Automation services ( 2% of revenue ): Composed of the Keeper system and Automation 2.0, smart contract execution is triggered through off-chain computation
3. Cross-chain Protocol ( accounts for 2% of revenue ): CCIP provides cross-chain data and instruction transmission infrastructure for smart contract developers.
4. Verifiable Random Function ( accounts for revenue <1% ): Generates verifiable random numbers, widely used in the NFT and gaming fields.

! Undervalued High Growth Track: Finding the Second Growth Curve of the Oracles

! Undervalued High Growth Track: Finding the Second Growth Curve of the Oracles

Chainlink is also actively expanding enterprise privacy data services, collaborating with traditional financial giants such as SWIFT and UBS to securely chain privacy data.

! Undervalued High Growth Track: Finding the Second Growth Curve of the Oracles

Pyth Network: High-speed Financial Data Expert

As a key supported Oracle Machine project in the Solana ecosystem, Pyth’s main advantages are:

1. Low-latency Data Transmission: Utilizing Solana’s high-performance features to provide sub-second data update services.
2. Direct access to financial institutions: Many financial institutions such as Wintermute act as Tier 1 data providers
3. Multi-chain Compatibility: Data services for 65 public chains are now supported.
4. Innovative MEV Solutions: Reduce on-chain transaction ordering arbitrage through Express Relay services.

! Undervalued High Growth Track: Finding the Second Growth Curve of the Oracles

! Undervalued High Growth Tracks: Finding the Second Growth Curve of the Oracles

! Undervalued High Growth Tracks: Finding the Second Growth Curve of Oracles

Redstone: Multi-mode Flexible Oracle Machine

Redstone is currently the only Oracle Machine platform that supports both push and pull data modes.

1. Wide cross-chain coverage: More than 70 public chain integrations have been completed, which is the project with the most supported chains among oracles
2. Flexible Data Acquisition: Provide two ways to obtain data: push model and pull model
3. AI Oracle Machine Pioneer: Launched the CLARA framework, becoming the blockchain layer for communication between AI agents.

! Undervalued High Growth Track: Finding the Second Growth Curve of an Oracle

RWA: The Second Rise Curve of the Oracle Machine

Real-world asset (RWA) is becoming an important growth driver for oracles:

1. RWA Scale Potential: McKinsey predicts that tokenized real assets will reach $2 trillion by 2030, a 10-fold increase from the current $247.4 billion
2. Mainstream Oracle Machines have been actively deployed:
   • Chainlink supports Backed Finance tokenization of US Treasury ETF data
   • Redstone introduces Eurozone government bond ETF data source for Angle
   • Pyth provides multi-chain RWA price services for Ondo Finance
   • Chronicle Labs Launches Dedicated RWA Oracle “The Verified Asset Oracle”

! Undervalued High Growth Track: Finding the Second Growth Curve of the Oracles

! Undervalued High Growth Track: Finding the Second Growth Curve of the Oracles

! Undervalued High Growth Tracks: Finding the Second Growth Curve of the Oracles

3. Data Modeling for Non-Financial Assets: The new challenge for oracles is to provide trusted data models for non-standardized assets such as real estate, charging piles, and photovoltaic modules, with the global renewable energy and real estate markets being $1.4 trillion and $6.8 trillion, respectively, which will create huge demand for oracles once tokenized

! Undervalued High Growth Tracks: Finding the Second Growth Curve of the Oracles

Diversified Dedicated Oracle Machine: Growth Path from 2 to N

As blockchain use cases expand, vertical-specific oracles are on the rise:

1. Internet of Things Data Oracle Machine: Projects like Echolink have connected approximately 8 million hardware devices, providing data support for DePIN. The challenge faced is how to standardize the measurement of workloads from different types of devices.

! Undervalued High Growth Tracks: Finding the Second Growth Curve of the Oracles

! Undervalued High Growth Track: Finding the Second Growth Curve of the Oracles

2. Oracle Machine: Similar to the Bittensor model, it allows off-chain code to be uploaded to the blockchain, applicable to scenarios such as smart contract auditing, bug bounties, etc., like Uniswap’s $15.5 million Bug bounty program.

! Undervalued High Growth Tracks: Finding the Second Growth Curve of an Oracle

! Undervalued High Growth Tracks: Finding the Second Growth Curve of the Oracles

3. Biomolecular Oracle Machine: With the rise of DeSci narratives, biotechnology projects are increasing through on-chain financing, requiring professional oracles to provide clinical data, experimental results, and other information to on-chain investors.

! Undervalued High Growth Tracks: Finding the Second Growth Curve of the Oracles

Conclusion

The Oracle Machine is evolving from a single price data provider to a bridge for multimodal data. As the integration of blockchain and the real world deepens, RWA is undoubtedly the most explicit second rise curve for the Oracle Machine, and specialized vertical Oracle Machine projects will continue to emerge, expanding the boundaries of the industry.

Oracles face both opportunities and challenges when dealing with many types of data. The opportunity lies in diversifying revenue streams and moving away from over-reliance on price feeds; The challenge is that some business processes need to be refactored to accommodate diverse data validation and smart contract execution needs.

As the demand for more diverse data on-chain grows and smart contract performance improves, oracles will play a more central role in blockchain infrastructure, and their market value and use cases will continue to expand.