Oracle Machine Track: Finding the Second Rise Curve

Oracle Machine is a key service mechanism in blockchain systems, used to bring off-chain data into smart contracts, and is one of the cornerstones of the blockchain world. From the perspective of first principles, the core competitiveness of Oracle Machine projects is mainly reflected in the following four aspects: comprehensiveness and reliability of data acquisition, acquisition of exclusive data and value capture, security and decentralization of the verification mechanism, and transmission efficiency and network robustness.

1. The Development History of Oracle Machine

In 2014 and earlier, projects such as Augur began to show demand for Oracle Machines. From 2015 to 2016, Ethereum co-founder Vitalik Buterin proposed the concept of Oracle Machines, and Oraclize launched the first decentralized Oracle Machine service. From 2017 to 2018, the Chainlink project was established, proposing the concept of a decentralized Oracle Machine network (DON). From 2019 to 2021, DeFi exploded, leading to a surge in demand for Oracle Machines, with multiple projects launching. From 2022 to 2023, Oracle Machine services expanded to multiple chains and scenarios. From 2024 to 2025, Oracle Machines expanded into fields such as gaming, NFTs, and insurance, with DePIN and AI applications presenting new demands for Oracle Machines.

2. Oracle Machine track market size

Based on the predictions for the DeFi market, it is expected that by 2030, the overall market size of the Oracle Machine sector should be between $13.8 billion and $23.1 billion. This forecast takes into account the changing trend of the market capitalization of Oracle Machines as a proportion of the total market capitalization of DeFi.

Three, the main projects in the Oracle Machine track

Chainlink is the absolute leader in the Oracle Machine track, leading in both token market value and TVS. Projects like Pyth Network, UMA, and API3 also occupy a place with their respective advantages.

3.1 Chainlink

Chainlink provides services such as price feeds, automation, verifiable random functions, and cross-chain operations. In 2024, price feed service revenue will account for 95% of project revenue. Chainlink is also exploring new business areas such as enterprise privacy data services.

3.2 Pyth Network

Pyth Network is an important Oracle Machine project in the Solana ecosystem, with advantages in transmission speed and financial data acquisition. Its fast relay service (Express Relay) aims to eliminate on-chain MEV.

3.3 Redstone

Redstone has completed the integration of over 70 public chains and is currently the only Oracle Machine that simultaneously adopts both push and pull modes. Its AI Oracle Machine architecture, CLARA, is also at the forefront of the industry.

Four, RWA opens the second rise curve of the Oracle Machine track

RWA(Real World Assets)The demand for Oracle Machine is more complex, including asset valuation and real-time tracking of physical asset conditions. The Oracle Machine builds a "second curve" in the RWA scenario, which is expected to open up a billion-dollar incremental market.

Multiple mainstream Oracle Machine projects have laid out in the RWA field, such as Chainlink supporting the tokenized RWA pricing for Backed Finance, Redstone providing Eurozone government bond ETF data for Angle, and Pyth Network offering multi-chain pricing services for Ondo Finance.

For non-financial assets ( such as real estate, charging piles, photovoltaic components, etc. ), the Oracle Machine needs to provide more complex services, including connecting to data sources that reflect asset status, and combining mathematical models to convert information into credible on-chain prices or risk assessments.

Five, Multi-type Data Dedicated Oracle Machine, Industry rise Curve from 2 to N

With the expansion of on-chain demand, Oracle Machine services are transitioning from "generalized transmission" to "vertical processing". The following specialized Oracle Machines may emerge in the future:

1. Internet of Things Data Oracle Machine: Providing device data on-chain services for DePIN
2. Code Oracle Machine: Upload off-chain code to on-chain, potentially used for smart contract vulnerability detection.
3. Biomolecular Oracle Machine: Providing clinical data support for DeSci projects

Conclusion

The Oracle Machine is gradually evolving from the "universal data layer" that serves standardized financial protocols to a "multimodal infrastructure" that supports vertical scenarios. RWA is expected to become the main second rise curve for the Oracle Machine, while specialized vertical Oracles will continue to emerge. As the demand for more modal data on-chain increases and the performance of smart contracts improves, the Oracle Machine industry will welcome new development opportunities.