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5 M BlockChain
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4 K Smart Contracts
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1900 Oracles
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20 B $ Estimated Business 2024
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2.300 Criptocurrencies
As in 2024, there are thousand of blockchain projects
in the marketplace,
and Smart Contracts play a critical role in many of them.
These projects encompass various sectors such as decentralized finance (DeFi), NFTs,
supply chain management, gaming, fintech, logistics and green energy.
Smart contracts are used extensively to automate processes,
ensure transparency, and reduce the need for intermediaries.
Blockchain project numbers grow to 2,300 cryptocurrencies
being traded including smart contracts functionalities.
Additionally,adoption of smart contracts has led to the development
of Layer 1 and Layer 2 blockchain solutions, which enhance scalability and
transaction efficiency.
Platforms like Ethereum, Solana, Stellar, Pi Network are major contributors
to the smart contract ecosystem, hosting thousands of decentralized applications
( dApps ).
Total market size for blockchain technology, including smart contracts,
is projected to grow from $20 billion in 2024 to $248.8 billion by 2029.
driven by the increasing adoption of decentralized finance, digital identities,
and other blockchain solutions.
How to Get Started
Blockchain oracles have applications in various sectors like:
Decentralized Finance (DeFi): Providing price feeds for assets.
Supply Chain Management: Tracking goods and automating processes.
Insurance: Automatically triggering payouts based on weather data.
Environmental Monitoring: Feeding real-time data to manage resources
or carbon credits.