Gate Research: Oracles Enter the "Multiplier Effect" Phase, RWA, CCIP, and Prediction Markets Jointly Drive New Growth

A recent report from Gate Research, titled "In-Depth Research on the Oracle Sector: Ecosystem Expansion, Economic Value Capture, and Financial Bridge," points out that oracles are evolving from simple price feed tools into "trust engines" and "data settlement layers" for the Web3 ecosystem, becoming a key hub connecting on-chain economics and traditional finance. As of October 2025, the global oracle market capitalization (TVS) had exceeded $102.1 billion, with a total market value exceeding $14.1 billion. The report shows that the market landscape is characterized by Chainlink's absolute dominance and differentiated competition from emerging protocols. Chainlink, leveraging its first-mover advantage and strong ecosystem barriers, holds over 87% of the market capitalization and 61.58% of TVS. Currently, oracle growth is entering a "multiplier effect" phase, with the driving force shifting from DeFi native adoption to RWA (Real-Time Assets as a Foreign Exchange). DeFi (total TVL of approximately $168.3 billion) remains the core battleground, while RWA (on-chain assets exceeding $35 billion) is becoming the engine for explosive institutional adoption. Cross-chain communication (CCIP), prediction markets, and AI+oracles constitute the second growth curve for the future. In terms of economic models, the industry is shifting from "pay-for-call" to "service staking," driving the valuation logic of oracle tokens from "narrative-driven" to based on fundamental indicators such as MCap/TVS. The report estimates that LINK's long-term reasonable valuation range is $26–$35, and with the introduction of the SVR mechanism, its price potential could reach $40–$45. As real-world financial institutions, governments, and enterprises accelerate their adoption of blockchain technology, oracles will become a key hub for financial digitization and information verification, giving rise to new revenue logics such as "information interest rates."