Oracle Projects Surge in Value: Weekly Stats Show LINK, Band, DIA, API3 Captured 2-Digit Gains

Oracle Projects Surge in Value: Weekly Stats Show LINK, Band, DIA, API3 Captured 2-Digit Gains


Following the boom of non-fungible tokens (NFT) tied to NFT marketplaces and tools, oracle-based tokens are now seeing their valuations rise. During the last seven days, a number of oracle tokens have seen steep gains between 7% to even 45%.

Oracles Token Projects See Seven Day Gains Jump

Not too long ago, tokens associated with NFT markets and tools saw prices soar amid the non-fungible token hype. Just recently, Bitcoin.com’s newsdesk reported on the decline in NFT sales and NFT interest has dropped in recent times as well.

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Following the NFT-related pump, a great number of oracle protocol tokens are seeing significant gains over the last seven days. Basically, a decentralized oracle network is a group of independent responders that offer autonomous data to a blockchain.

Over the last seven days, the project API3 has spiked 46.6% in value.

Oracles are dominant on the Ethereum network and leveraged for decentralized finance (defi) applications in order to create intermediaries that

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