A new blog post based on a recent interview with Chainlink co-founder Sergey Nazarov reflects on Chainlink’s most significant achievements in 2024 and outlines a path toward making blockchains, oracle networks, and smart contracts ubiquitous in 2025 and beyond.
In 2024, Chainlink solidified its position as the standard for onchain finance and the most widely adopted provider of data, computation, and cross-chain connectivity. The U.S. approval of Bitcoin ETFs significantly accelerated TradFi’s interest in crypto, stablecoins, and tokenized real-world assets, while collaborations with global financial entities such as the DTCC, Fidelity International and Sygnum established Chainlink as the preferred way to deliver key net asset value (NAV) and reserve data for tokenized funds onchain.
Chainlink also unveiled the latest major upgrade to its decentralized computing platform: the Chainlink Runtime Environment (CRE) – a unified, modular, chain-agnostic computing environment designed to accelerate TradFi’s blockchain adoption by making it faster and easier to build decentralized applications that are compatible with existing financial systems.
Nazarov has long maintained Chainlink’s ultimate goal is to enable a global internet of contracts that reformats the world’s value into a superior state onchain. Having enabled over $18 trillion in transaction value, Chainlink continues to power the vast majority of DeFi while expanding its adoption in capital markets through work with major market infrastructures such as Swift and Euroclear.
“These two groups – DeFi and the institutional world – are inevitably destined to work together to create the Internet of Contracts,” Nazarov said.
On the heels of a crypto-forward inauguration and a new executive order to strengthen digital asset innovation in the U.S., Nazarov believes Chainlink is poised to enable “the next and final stage of blockchain adoption” by the government.
“2025 is the year when capital markets adoption really starts to take off, and government and central bank adoption starts to take on a new trajectory,” he said.
“We are starting to create the foundation that can support the final stage of blockchain adoption. If it began with startups and has now progressed to banks, it’s going to end where all large economic, financial, and technical trends end – governmental endorsement and adoption.”
Read the blog post and watch the full interview: