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Chainlink launches brand new batch of DApps; More details

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Leading Oracle network pioneer Chainlink [LINK] has announced its latest batch of decentralized applications [DApps] with integrated oracle functions across prominent networks like Binance chain, Ethereum, and Moonriver. At the top of the list is the non-custodial lending platform Atlantis loans integrating with the Chainlink Price Feeds on Binance Smart Chain [BSC] mainnet. According to the post, the Chainlink support would provide access to real-time global market prices which is critical to the security of DeFi money markets.

Next on the list is the PlayToEarn gaming firm Dragonkartcom utilizing Chainlink feeds on the BSC to help mint NFTs with verifiably random traits and generate provably rare items in loot boxes as NFT-focused blockchain games require fair minting and distribution processes. In addition to that, having access to a tamper-proof and auditable source of randomness ensures more transparency and a fraud-proof user experience. Further, the blog stated,

In order to help ensure NFT mints and Mystery Combo boxes are unbiased in outcome for all users, we needed access to a secure random number generator (RNG) that any user could independently audit. However, RNG solutions for smart contracts require several security considerations to prevent manipulation and ensure system integrity. For instance, RNG solutions derived from blockchain data like block hashes can be exploited by miners/validators, while off-chain RNG solutions derived from off-chain APIs are opaque and don’t provide users with definitive proof about the integrity of the process.

Leveraging Chainlink Data Feeds to Help Power dApps

Smart contract marketplace Transient has too jumped on the bandwagon of establishing support using Chainlink VRF securing through the generation and on-chain verification of cryptographic proofs that prove the integrity of each random number supplied to smart contracts. As a matter of fact, on-chain prediction markets require oracles to determine outcomes. Through this integration, the blog claims that LINK Price Feeds would help settle price prediction markets in its CryptoPool dApp. Apart from that, Transient also plans to expand into esports with support from Chainlink.

Lastly, crypto-asset lending protocol WePiggy has integrated Chainlink Price Feeds on the Moonriver mainnet in order to provide its users with stronger assurances that their collateral assets would consistently track global markets and without being affected by price manipulation.

Tron Dominates DApp Rankings as Justin Sun Promises More Developments

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One asset that has made surges of late was Tron, and its CEO Justin Sun wasted no time in informing the world about his upcoming plans and goals. 

The Tron Foundation is known for announcing multiple developments and updates from its roster but the past few weeks has seen a lull from the Justin Sun led the department. This notion was blown away when the Chief Executive Officer [CEO] took to Twitter to reveal that it had added another feather to its cap when it came to Decentralized Applications (DApps)

Dapp.com, the popular data aggregator on DApps stated that out of the top 5 applications on the ranking list, four were built on the Tron blockchain. The list is speculated to pave the way for asserting Tron’s dominance in the application space, with rivals Ethereum and EOS hot on its tail. According to Dapp.com, DLive was the most used application with a 24-hour volume of 1.02 million LINO. DLive was the only application in the top 5 list that was not built on the Tron blockchain but rather on the LINO blockchain.

WINk came in second on the list and was the most used gambling DApp in the industry. The application had witnessed a resurgence in its market volume after being built on the Tron platform. The number of users on the 24-hour spectrum has always stayed above the 1k mark with the developers claiming that the number would only shoot up in 2020.

The third dApp on the rankings was Betfury, a popular Tron partner. Despite the fall in Tron’s prices over the last quarter, Betfury has consistently released updates to ramp up its mainstream application usage. The 24-hour volume on Betfury was clocked at 179.27K USD, a far cry from its hold in the lower thousands when it first launched.  Justin Sun’s original tweet had read:

“According to @dapp_com, on the #Dapps overall ranking list, 4 out of the top 5 Dapps are built on #TRON network. Besides, @NewdexOfficial also launched on #TRON network in September & #TRC20–#USDT is supported on Newdex exchange as well.”

The announcement was met with mixed reactions from the Tron community or ‘TRONics’. Some were of the opinion that Tron should focus on quality and not quantity as that would impede its growth in the long term. Another sector of the fanbase urged the Justin Sun led the organization to carry on their rampage and ‘destroy’ the monopoly held by Ethereum and EOS.

Tron received another boost recently when Samsung announced that they were adding support for three new Tron dApps. The report released by a Korean outlet stated that the tech behemoth will add blockchain-based games such as Super Player and Blockchain Cuties to its flagship mobile releases.