During the first summit organized by Solana, BreakPoint, which is in full process since it will last until November 11, one of the most interesting meetings of the event has taken place, bringing together two leaders of crypto projects in full swing.
Chainlink co-founder Sergey Nazarov and Solana Labs CEO Anatoly Yakovenko discussed how integrating Chainlink’s oracles into the mainnet de Solana will catalyze the next generation of hybrid smart contracts and where the entire decentralized finance (DeFi) industry is headed by 2022.
The transition from Web2 to Web3
Yakovenko commented on the synergy between Chainlink’s oracles and the scalability and speed that Solana’s blockchain presents it will allow the construction of smart contract applications of the Web3 with the same performance, production and cost to which Web 2.0 users are accustomed. This opening will have a clear effect on the decentralized finance industry, which “would allow DeFi to start penetrating places that are quite difficult.”
Nazarov confirmed how Chainlink’s decentralized oracles have proven to support the high performance of Solana’s blockchain. being both an “opportunity” and a “challenge”, however Chainlink’s pricing data have been put to the test on your Devnet since August with optimal results.
The most interesting part, according to Yakovenko, would be the creation of new business models for the Web3 by not having to depend on advertising or user data to profit, citing:
“That is going to end up being a seismic shift from Web2 to Web3. I’m very excited to see these first signs that this is already happening. “
DeFi in 2022
Nazarov states that he hopes that an increasing number of banks and businesses extend DeFi capabilities to their customers by 2022, similar to the current trend of traditional banks to offer access to Bitcoin due to the demand received by their clients, such as recently Banco Santander launching a Bitcoin ETF. At the same time, he predicts that a host of real-world industries will trade their cash flow and collateral in the new DeFi markets.
2020 is being and has been a great year for the growth of DeFi, providing great added value to the Ethereum network as well as highlighting new projects such as Solana that aims to tackle the common scalability problems of the Ethereum blockchain. Solana CEO Forecasts Astronomical Growth for Future of Decentralized Finance, commenting:
Over the next year, he said he would like 100 million new people to start generating returns through DeFi.
For the Chainlink co-founder it may be necessary to wait until DeFi begins to infer in the “real” market, then the dominoes will have their effect as he quoted:
“When everything begins to affect the real world in that way from this industry, things will take on a very different tone because fundamentally all these industries in the real world need a market”
The DeFi industry is in full growth witnessing a multitude of new products added to its ecosystem, will it be able to make the leap to the general public by 2022?
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Solana y Chainlink: