The dynamism of DeFi platforms has also had an effect on the increase in the value of Chainlink prices in recent days. DeFi platforms require a lot of data from the real economy, including price. DeFi's can transfer through these Reason Chainlink oracle services.
Band Protocol has entered the oracle industry as a competitor to Chainlink and offers oracle services such as Chainlink. A new project, the Band Protocol, is just at the beginning and could be an attractive option for cryptocurrency investors.
According to the CoinMarketCap look, the total supply of Band Protocol's cryptocurrency is 10% of Chainlink's total supply. Link's total potential supply is 1 billion. The Band Protocol is 100 million.
If evaluated from this point of view, Band Protocol's crypto money is less than Link.
If Band Protocol, which is just at the beginning of the road, can make good use of DeFi wind, it can gain more value in Link.
With the impact of the Huobi listing, Band has gained over 25% in value today. Band, which entered August at $ 4, trades the writing of the article at $ 17 per hour.