Making Sense of Price Oracles in DeFi

Chinese venture portfolio for the Defi Industry has issued its first research report “Price Oracle: a Must-Have Infrastructure” It makes a strong case for the adoption and usage of oracle projects. The report reviews the period of May-September 2020, in which Chainlink and Nest Protocol (another oracle project) appear among the TOP25 ETH gas fees consumers. In October, those two projects appeared to be among the Top ETH consumers, spending collectively almost $2.5 million worth of $ETH at the time of writing.