I believe is going to propel ethereum to a thousand dollars and beyond by the end of this year and i think considering really just how fast everything is moving with decentralized finance right now really all the forces pushing ethereum higher a thousand dollars seems more and more certain by the day i mean seriously it's only a little more than 2x in price from here
Only a casual 55 billion dollars in extra marke cap to get to that goal i also have some great chainlink updates for you covering the study conquest of chain link across crypto land and the latest on defi food memes that are making everyone the news chainlink has three new exciting integrations this week that i want to mention the first is with the bitcoin side chain root stock
Now this is going to enable developers on the smart contract enabled sidechain for bitcoin to be able to tap into market price feeds and other off-chain data to build their applications focused course on bitcoin and building around bitcoin it's definitely a step in the right direction for root stock so very cool to see it happening the second bit of chain link news is that the defi giant synthetics will now be using chain link to power all of their price feeds on the synthetics exchange this means that it is moving away from the other more centralized oracles that it has been using and really just doubling down on its relationship with chain link
I think this is actually really good for synthetics in terms of decentralization really for them just as a doubling down on the decentralization of the platform and it also really underlines just how good chain links oracles are why use others when you can use chainlink and the final bit of chainlink news is that oasis labs has added chainlinks oracles to help them achieve their vision of rolling out privacy on defi honestly i'm really happy to see oasis labs taking trusted data
Seriously at such an early stage in their project and partnering with chain link private defi applications they are going to be a big deal and are really going to be a big step towards onboarding more of those big money players for the institutional world
Who can then come in and use defi without exposing their company secrets or what their company is doing to other companies and of course also good for retail adoption definitely keep an eye out for oasis labs and great to see them partnering up with chain link next in the news sushi is the new hot craze in defy land now sushi is basically uniswap but with yield farming but it actually goes way beyond that because it's actually a clone of uni swap and it's doing what is called a vampire attack essentially sucking liquidity away from uniswap 86 percent of total liquidity in the 13 biggest uniswap pools currently are being staked in sushi swap