Bank of America: Chainlink could be a huge driver of DeFi TVL growth

Chainlink could accelerate next-generation blockchain applications in finance, insurance, supply chain, gaming and gaming, Bank of America said in a research note following an investor conference call with Chainlink co-founder Sergey Nazarov on February 18. Applications. At present, the decentralized oracle network (DON) has been widely adopted in the entire blockchain field. Analysts led by Alkesh Shah wrote in a report Wednesday that Chainlink could be the driving force behind the increase in decentralized finance (DeFi) total value locked (TVL) to $203 billion as of Feb. 15, up 313 percent year-over-year.