A recent Grayscale report underscored the importance of blockchain networks that offer utility, with Chainlink, VeChain, Filecoin, Lido DAO and Render among those highlighted.
Utility and service blockchain projects offer oracles to connect off-chain and on-chain worlds, offer liquid staking solutions, and aggregate physical data through decentralized networks.
Blockchain has evolved from underpinning purely speculative assets, and today, it offers real value to its ever-growing users. Championing this evolution are utility projects, and according to a recent Grayscale report, Chainlink, VeChain and Lido DAO are among the industry leaders.
Grayscale’s report explored some of the leading projects in value delivery, describing them as the “picks and shovels” of the crypto industry. These projects enhance the features of decentralized applications and allow them to scale seamlessly or connect and interoperate with on-chain and off-chain phenomena.
The Grayscale Utilities and Service

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