Oracle Machine: Finding the Undervalued Track for the Second rise Curve

The Oracle Machine, as one of the cornerstones of the blockchain world, has its core competitiveness manifested in four aspects: the comprehensiveness and credibility of data acquisition, the acquisition of exclusive data and value capture, the security and decentralization of the verification mechanism, and transmission efficiency and network robustness.

It is expected that by 2030, the overall market size of the Oracle Machine sector will be between 13.8 billion and 23.1 billion USD. Currently, Chainlink is the absolute leader in the Oracle Machine sector, with abundant data sources and extensive project collaborations; Pyth has advantages in transmission speed and financial data acquisition; Redstone is currently the only Oracle Machine that possesses both Push and Pull pricing methods.

In the future, the Oracle Machine will no longer overly depend on providing pricing services for DeFi projects, and RWA is expected to become a strong second rise curve in the Oracle Machine track. At the same time, emerging businesses such as DePIN, AI, and DeSci also have the opportunity to combine with the data services of the Oracle Machine, becoming new driving forces for revenue growth, allowing industry growth to shift from 2 to N.

1. The Development History of Oracle Machine

In 2014 and earlier, the demand for Oracle Machines began to emerge. From 2015 to 2016, the concept of Oracle Machines was proposed and the first decentralized Oracle Machine service appeared. From 2017 to 2018, the Chainlink project was established, introducing the concept of a decentralized Oracle Machine network. From 2019 to 2021, the DeFi explosion drove the rise in demand for Oracle Machines. From 2022 to 2023, Oracle Machine services expanded to multi-chain and multi-scenario applications. From 2024 to 2025, Oracle Machine services expanded from DeFi to fields such as gaming, NFTs, and insurance.

2. Oracle Machine Track Market Size

As of the end of 2024, the total market value of the Oracle Machine project is $10.55 billion, accounting for 11.8% of the total DeFi market value. Based on DeFi market forecasts, the Oracle Machine market size could reach $13.8-23.1 billion by 2030.

3. Major Projects in the Oracle Machine Track

3.1 Chainlink

Chainlink is the absolute leader in the Oracle Machine sector, providing services such as price feeds, automation, verifiable random functions, and cross-chain operations. In 2024, the revenue from price feed services will account for 95% of the project's cumulative income.

3.2 Pyth Network

Pyth Network adopts a tier-one data provider model for price feeds, which has advantages in transmission speed.

3.3 Redstone

Redstone is currently the only data provider that uses both Push and Pull modes, and has made innovations in the AI Oracle Machine architecture.

4. RWA opens the Oracle Machine track's second rise curve

The demand for Oracle Machines in RWA is more complex, including real-time tracking of asset valuation and the status of physical assets, as well as on-chain synchronization. Many Oracle Machine projects have begun to lay out their strategies in the RWA field. The pricing of non-financial assets may become a significant rise point for future Oracle Machines.

5. Multi-Type Data Specific Oracle Machine, Industry rise Curve from 2 to N

5.1 IoT data Oracle Machine helps DePIN capacity rise

5.2 The code Oracle Machine provides new ideas for smart contract security audits.

5.3 The Oracle Machine for biomolecules provides infrastructure for Crypto × Biotech.

The Oracle Machine is gradually evolving from a "universal data layer" that serves standardized financial protocols to a "multimodal infrastructure" that supports vertical scenarios. In the future, with the increasing demand for more modal data on-chain and the improvement of smart contract performance, RWA is expected to become the primary second rise curve in the Oracle Machine track, while vertical specialized Oracle Machine startup projects will continue to emerge.