Tutorial (TUT) is the only meme coin that makes you smarter—an AI-powered crypto project turning blockchain education into viral, real-world impact.

, one token has stood out due to its focus on education. Tutorial (TUT) started as a tutoring experiment on BNB Chain, and is now taking the meme coin space by storm.

 (AI), Tutorial uses AI agents to simplify complex topics through easy-to-follow tutorials.

Leading exchanges like Bybit and Binance have taken note of this unique meme coin and its unique educational focus and listed it in their exchanges. Each time a major exchange has listed TUT, its price surge of over 100% within 24 hours has caused quite a buzz in the crypto space.

Let's learn more about this innovative meme coin and find out how it's having real-world impact despite its meme coin nature.

Tutorial (TUT) is a blockchain-powered meme coin designed to use 

 to help people learn about blockchain and cryptocurrencies in a decentralizedway

. It was initially created as an educational project, designed to demonstrate the process of launching tokens on 

. However, its unexpected and viral success transformed it into a notable meme coin within BNB Chain’s ecosystem.

On Mar 27, 2025, TUT experienced a remarkable surge of over 124% within 24 hours following its listing on Binance. By late March, TUT was trading at around $0.047 with a market cap of over $44 million.

The meme coin culture on BNB Chain has been growing fast, especially with the launch of 

, a platform that facilitates the fair launch of meme coins (similar to Solana's 

). Four.meme provides a decentralized and permissionless environment for meme coin creation and trading. In addition to TUT, another notable token that launched on the platform and gained significant traction is SIREN.

TUT has achieved some notable milestones in Q1 2025. Apart from the significant surges following major exchange listings, other notable achievements include ranking in the top 10 meme coin projects in BNB Chain’s $4.4M liquidity pool support program for meme tokens on Feb 28, 2025, and being recognized by Trust Wallet as among its top five tokens, along with SIREN, 

Tutorial (TUT) is leveraging the power of AI to make complex crypto topics easy to understand and implement. Central to TUT's educational initiative is the Tutorial Agent, an intelligent AI tutor designed to simplify complex crypto topics. This agent offers real-time, personalized guidance on subjects such as setting up 

. By engaging users in interactive dialogues, the Tutorial Agent enhances comprehension and retention of intricate blockchain concepts. ​

To further its mission of education and innovation, TUT provides a comprehensive tutorial on developing AI agents using BNB Chain. This guide walks users through the process of setting up their development environments, configuring AI frameworks and deploying AI agents capable of executing tasks like automated trading and smart contract interactions.

By leveraging BNB Chain's AI-first infrastructure, users can create AI agents that seamlessly integrate with 

 (DApps) and efficiently perform on-chain operations.

Following key exchange listings, Tutorial (TUT) experienced two dramatic price rallies in March 2025. Its first surge began when Bybit and Bitget listed TUT on Mar 19, 2025, triggering increased investor interest and trading volume. By the next day, TUT had rapidly shot to an all-time high of $0.05871.

While this record high was swiftly corrected, the rally returned when Binance added TUT to its platform just a week later. These listings significantly expanded TUT’s market access and credibility, resulting in a price jump of over 150% within days. At its peak, TUT hit an intraday high of $0.056, up from around $0.016, firmly positioning it as one of the top meme coins on BNB Chain.

However, the second rally lost steam again shortly after a major market disruption. On Apr 1, 2025, Wintermute, a large crypto market maker, began 

, including TUT and MUBARAK, in what appeared to be a coordinated exit. This mass sell-off applied heavy downward pressure on TUT’s price, reversing much of its recent gains and shaking investor confidence. As of Apr 10, 2025, TUT is trading at $0.026 with a market cap of $23 million.

You can buy TUT on Bybit, where it’s listed as a Perpetual contract (

) in the Innovation Zone with leverage of up to 12.5x. The Innovation Zone is for new, promising projects that offer potentially greater rewards alongside associated risks. 

 that a higher trading fee applies to trading in this zone.

Tutorial experienced significant progress in Q1 2025, when its community grew to over 10,000 on Telegram and X. During this period, the project also received liquidity support of $65,000 from Four.meme, which strengthened its foundation in the crypto space.

The platform also entered into strategic partnerships with Bitget Wallet and Neura Pepe AI that will lead to greater collaboration in AI-powered education.

In Q3 2025, Tutorial will focus on scaling its technology and expanding its reach. It plans to:

In Q4 2025, the Tutorial team will aim to pursue product and global excellence with various activities, such as automating personalized learning and showcasing TUT's educational impact on global campaigns and events.

In a sea of meme coins that offer hype often without substance, Tutorial’s TUT token stands apart as an educational tool with a purpose. It’s not just a meme coin — it’s an educational innovation that's all about learning, growing and being part of something meaningful in the realm of web3. TUT is pioneering the fusion of education, AI and crypto in a way that’s both accessible and innovative.

With an AI-powered guide, an upcoming learning platform and tools like the Tutorial Agent, the Tutorial platform empowers users with real-time insights and personalized educational experiences. This is more than a meme coin — it’s a movement to make blockchain knowledge fun, practical and rewarding.

As Tutorial’s road map unfolds throughout 2025, TUT continues to prove that crypto can be both entertaining and enlightening. Whether you're a seasoned investor or a curious beginner, Tutorial is the meme coin that levels up your brain as much as your bag.

Beginner

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Tutorial (TUT): The only meme coin that makes you smarter

Learn more about Banana For Scale (BANANAS31), a BSC-based meme coin that brings together internet humor and blockchain, and how to trade BANANAS31 on Bybit.

, known as BANANAS31, is a unique meme coin that brings together internet humor and blockchain innovation. Launched on BNB Smart Chain (BSC), this meme coin draws inspiration from the popular "banana for scale" meme — a humorous way to indicate size using a banana. 

BANANAS31 gained widespread attention after the iconic banana decal appeared on Elon Musk’s Starship S31 rocket during a test flight. In this article, we’ll explore the origins, unique features, tokenomics, market performance and trading opportunities for BANANAS31.

 meme coin finds its roots in a popular internet meme that humorously uses a banana to indicate size. This meme resonated widely online, and its cultural impact paved the way for the creation of BANANAS31. 

The meme coin launched in February 2025 via the 

 platform on BSC, leveraging community humor and viral culture to build engagement. Its name and branding tap into the playful spirit of meme coins, which have become significant participants in the cryptocurrency landscape.

BANANAS31 stands out due to its distinctive origins and innovative launch strategy. Its popularity surged after a banana decal appeared on Elon Musk’s Starship S31 rocket during a test flight, capturing the imagination of crypto enthusiasts worldwide. 

This association with space exploration and internet culture has helped BANANAS31 carve a niche among meme coins. Its blend of humor and high-profile endorsement creates a compelling narrative that drives community engagement and market interest.

 (FDV) of $53.6 million and a 24-hour trading volume of $24.5 million.

The coin reached an all-time high (ATH) of $0.008236 and an all-time low (ATL) of $0.0007234. As of Apr 8, 2025, it’s trading about 34% below its peak and nearly 647% above its lowest price, highlighting its significant volatility. The token has an FDV of $53.6 million and a 24-hour trading volume of $24.5 million.

Where to buy Banana For Scale (BANANAS31)

BANANAS31 can be traded on several exchanges. Notably, 

 with up to 25x leverage, providing traders with an opportunity to gain exposure to the meme coin in a highly liquid environment. 

How to trade Banana For Scale (BANANAS31) on Bybit

Here’s how to trade the BANANAS31 Perpetual contract:

 widget, enter the order details, including margin type (

), leverage amount (1x to 25x), order type (

 before entering any positions, given the inherent risks associated with meme coins.

BANANAS31 is a prime example of how internet culture can merge with blockchain technology. Its origins in the "banana for scale" meme and association with Elon Musk’s Starship S31 test flight have propelled it into the spotlight. 

With transparent tokenomics, robust market activity and exciting trading opportunities on platforms such as Bybit, BANANAS31 offers a unique avenue for participation in the meme coin mania. As always, prospective traders and investors should approach with caution and make informed decisions.

Banana For Scale.png

Banana For Scale (BANANAS31): Meme coin inspired by Musk’s Starship decal

Bitcoin and stock prices surged following U.S. President Donald Trump's announcement of a 90-day pause on most trade tariffs, excluding China. 

The S&P 500 surged 9.52% in its biggest gain in five years after Trump paused some tariffs for 90 days despite continued trade tensions with China. Gold jumps 2.6% to $3,059.76, set for best day since October 2023, as investors seek safety amid US-China trade tensions and inflation fears. The Coindesk Indices, which tracks the broader crypto market, are up by 12.20%, with Bitcoin and Ether up 7.23% and 13.32% respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is ETH, up 13.5%, followed by the SEC's approval of options trading for spot Ether ETFs, boosting institutional interest.

Ethereum (ETH), launched on July 30, 2015, is a decentralized network supporting digital assets, smart contracts, and decentralized applications. Its native cryptocurrency, Ether (ETH), powers various sectors like finance, art, and gaming. However, investment risks include uncertainty, environmental concerns, and competition. 

, including BlackRock’s iShares Ethereum Trust and others like Bitwise and Grayscale. This approval, granted on April 9, 2024, offers institutional traders a lower-cost investment and hedging tool for Ether exposure. The move is seen as a significant step in increasing institutional interest in Ether. Despite regulatory progress, inflows into Ether funds remain modest compared to Bitcoin.

Check out the latest prices, charts, and data of 

Bitcoin and stock prices surged following U.S. President Donald Trump's announcement of a 90-day pause on most trade tariffs, excluding China. Bitcoin jumped 4.6% to $81,300, Ethereum rose 6.1% to $1,600, and XRP spiked 10% to $2.03. Stock indices also saw significant gains, with the S&P 500 and Dow climbing over 5%, and the Nasdaq rising more than 8%. However, Chinese goods will face 125% tariffs, escalating tensions between the U.S. and China. The crypto market increased by 3.1%, reaching a value of $2.63 trillion.

Yesterday, Bitcoin spot ETFs saw $37.5 million in net outflows, led by $33.8 million from GBTC and $3.7 million from non-GBTC funds.

 that its long-awaited TGE and airdrop will take place after Points Season 2, which runs from April 11 to July 11, 2025. Season 1 has ended, and the snapshot has been taken. To qualify for the upcoming airdrop, users must supply supported assets like BNB, BTCB, ETH, CAKE, and USDT during Season 2—borrowing doesn’t count.

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Bitcoin and stocks surge after Trump announces 90-day tariff pause, excluding China

The SUI Spot ETF proposal by Canary Capital aims to provide regulated exposure to SUI, making it more accessible to both retail and institutional investors.

Canary Capital, a key player in the crypto spot ETF scene, has now added a SUI Spot ETF to its growing list of 

. The filing, submitted to the US Securities and Exchange Commission (SEC) on Mar 17, 2025, seeks to offer investors exposure to the price movements of SUI, the native token of the 

 Sui blockchain. This article dives into the details of the proposed spot ETF, how it works, its current status and the potential impact it could have on the broader crypto market.

 that directly holds SUI, the native cryptocurrency of the 

 network, and tracks its spot price, allowing investors to gain direct exposure to SUI's market performance without directly holding the token.

The Sui Spot ETF’s issuer would establish a fund designed to acquire and hold SUI tokens, aiming to mirror the cryptocurrency's market value. This process involves Authorized Participants (APs), typically large financial institutions that purchase SUI tokens on behalf of the issuer from cryptocurrency exchanges or over-the-counter (OTC) markets. These SUI tokens are then handed over to the fund's custodians for safekeeping. In return, the ETF issues shares that reflect the value of the SUI tokens it holds.

APs play a crucial role in maintaining the ETF's liquidity and ensuring its price stays in line with the underlying SUI tokens. If the ETF's market price exceeds its net asset value (NAV), APs can step in to take advantage of the price difference by buying SUI tokens from the market and exchanging them with the ETF issuer for new ETF shares. This increase in shares helps bring the ETF's price back in line with its NAV.

On the flip side, if the ETF's market price drops below its NAV, APs can buy ETF shares at the discounted price and redeem them with the issuer for an equivalent amount of SUI tokens. This reduces the supply of ETF shares and helps push the market price back toward its NAV. These mechanisms ensure the ETF's price remains closely aligned with the value of the underlying SUI tokens.

Once the ETF shares are issued, they’re listed and traded on traditional stock exchanges, providing investors with a familiar, regulated platform on which to gain exposure to SUI without the need for 

Also, the ETF issuer must comply with regulatory requirements in each jurisdiction where the fund is offered. This includes obtaining the necessary approvals from financial authorities, ensuring transparent reporting and adhering to laws designed to protect investors and maintain market integrity.

With this strategic structure, investors can seamlessly incorporate SUI exposure into their portfolios, benefiting from its performance without the complexities of direct crypto ownership.

On Mar 17, 2025, Canary Capital submitted the first-ever 

 filing. Prior to this, the firm had taken the crucial step of registering a statutory trust for the SUI ETF in Delaware on Mar 7, 2025, a procedure that’s common ahead of an ETF application. Canary Capital is now expected to file a corresponding 19b-4 form with the SEC, which will formally kick off the review process for listing the ETF on a national securities exchange. As of now, no other firms have submitted applications for a SUI Spot ETF, making Canary Capital’s move a significant milestone in the crypto investment space.

The SEC’s response to the SUI ETF application is still pending. However, Steven McClurg, founder of Canary Capital, has 

 confidence that many cryptocurrency ETFs, including the SUI Spot ETF, will receive approval before the end of 2025. This optimism stems from a perceived shift in the regulatory landscape, with the new US administration easing enforcement actions against large cryptocurrency firms and reconsidering some of the stricter custody rules proposed by the previous administration. That said, the final decision 

 until Paul Atkins, President Donald Trump's nominee for SEC chair, is confirmed by the Senate.

Current impact of the Sui Spot ETF application on the crypto market

The SUI Spot ETF filing by Canary Capital has sparked significant price volatility and a wave of bullish sentiment within the market. In the short term, the announcement triggered an 

 within just 24 hours, as it reached a weekly high of $2.50. This rally was accompanied by a notable 45% spike in daily trading volumes, which soared to $842 million, highlighting the market's excitement and immediate reaction to the ETF news.

. This growth is being fueled not only by the anticipation of the ETF filing, but also by increasing institutional interest and strategic partnerships, such as 

's decision to integrate SUI into its reserve. These developments have helped position SUI as a key player in the digital assets space.

Despite this positive momentum, market sentiment remains cautiously optimistic. Analysts have drawn comparisons between the potential impact of the SUI ETF and previous Bitcoin ETF-driven rallies, though 

. This reflects the broader volatility within the crypto market, reminding investors of the unpredictable nature of digital asset pricing in the face of market fluctuations.

The ETF filing signals growing confidence in altcoins as legitimate assets. Canary Capital’s strategy to diversify crypto ETFs (including Solana, XRP and Hedera) highlights a shift toward expanding regulated exposure beyond Bitcoin and Ethereum.

What will it mean if a Sui Spot ETF application is approved?

The approval of a Sui Spot ETF by the SEC would provide a regulated way for investors to gain exposure to SUI, and would also reinforce the legitimacy of digital assets in mainstream finance. Here’s what such an approval could mean:

Canary Capital’s SUI Spot ETF proposal marks a major step in merging crypto innovation with traditional finance. By making SUI more accessible and attracting institutional investors, such an ETF could boost market liquidity and strengthen regulatory trust. If approved, it would not only validate SUI as an investment asset but also set the stage for broader adoption of blockchain-based financial products, shaping the future of crypto investing.

Intermediate

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Sui Spot ETF: Investing in the speed of blockchain evolution

Bybit Learn

Blockchain

Blockchain oracles are computerized systems that send outside data to a blockchain. Read all about the different blockchain oracles available in this article.

One of the most challenging parts of managing any 

 data. An oracle is a useful tool that makes it easier to connect real-world information with blockchain activities. With oracles, users have countless ways to make blockchains useful in their day-to-day life. Interested in learning more about these fascinating systems? Here's what you need to know.

Blockchain oracles are computerized systems that send outside data to a blockchain. The blockchain can then use this data to automatically complete transactions.

Oracles are a third-party service that function as both a type of connection and a type of automation. They take any sort of real-world data, like temperatures, deed transfers or prices of other cryptos, and communicate this data to the blockchain. Oracles can then tell the blockchain to enact a 

Oracles come in many forms. They can transmit data to and from the blockchain, and they can work on both hardware and software. Many oracles are decentralized, but some tasks also require centralized oracles. This makes oracles a very flexible tool for blockchain users.

Blockchain oracles are third-party computerized systems, so not all oracles have the same exact mechanism. However, the majority of oracles rely on the same basic concept. They function like the 

. Instead of being part of the blockchain or the data source itself, oracles are a layer that work alongside the blockchain. This layer queries an external data source for desired information.

Once that information is authenticated, the oracle sends the verification to the blockchain. After the information is within the closed blockchain system, it can be used in a variety of ways. Typically, the blockchain is instructed to automatically validate a smart contract after certain data is present. Oracles can also be used to send information from the blockchain back into the real world, or perform other types of transactions and blockchain activities.

Blockchain oracles are an essential part of most blockchain applications. They're important because they function as a bridge to pass data back and forth. Without oracles, blockchains are closed systems that cannot change and react to external events. To understand why oracles are so essential to blockchain functioning, it's helpful to take a look at some of their many applications.

One of the most popular functions of an oracle is to use cryptocurrency alongside real-world contracts. For example, let's say a person is selling a vehicle in exchange for cryptocurrency. You can set up an oracle that transfers data from the blockchain to the real world, and then use it to transfer the title as soon as the funds are sent. 

You can also use oracles for casual agreements, such as, "I'll give you ten tokens if my team wins the game." An oracle can monitor game results and transfer the tokens as soon as a winner of the game is announced.

Furthermore, oracles are helpful in managing derivatives, insurance and other risk management techniques. A farmer can use oracles to manage agricultural derivatives that provide a payout in case poor weather destroys their crop. The oracle can keep track of the weather, and make sure the farmer gets their insurance funds if a set amount of rain doesn't occur in time.

A final useful feature of oracles is that they can help with cryptocurrency investments. Blockchain oracles can keep track of cryptos, stock prices and foreign exchanges for investors, and then they can buy or sell cryptocurrency in response to these external changes. For a savvy investor, a blockchain oracle makes it far easier to keep a portfolio of diverse assets up-to-date.

As you can see, oracles fulfill all sorts of important tasks. Their ability to bridge the gap between blockchains and real-world events adds functionality to blockchains. With oracles, users can incorporate blockchains into their day-to-day lives.

Because they have so many uses, most blockchain oracles are quite distinct from each other. Oracles are usually divided into types based on how they function. It's fairly common for an oracle to fall into multiple categories, such as outbound and software. Understanding all the different types of blockchain oracles can help you find the right style for your needs.

Software oracles are the most common type of blockchain oracle. They use software to connect with digital sources of information, and then pass this information on to the blockchain. Software oracles are essential for connection to things like websites, databases and servers, and they often focus on publicly available information from the internet. They're commonly used for accessing data such as flight information, exchange rates and market fluctuations.

Hardware oracles tend to require some extra setup because they involve other pieces of equipment. A hardware oracle uses items such as 

 sensors, barcode scanners, motion sensors or thermometers. They relay the information these sensors collect to the blockchain, where they can be used for smart contracts. These oracles are complex, but useful because they directly translate real-world situations — such as the arrival of a truck at a loading bay — into a smart contract on a blockchain.

When discussing inbound and outbound oracles, people are referring to the direction of the information flow. An inbound oracle is one that brings real-world information onto the blockchain. These are typically the most useful sort of oracle, because they help to use real-world situations and external data to affect how a blockchain is functioning.

Outbound oracles function in the opposite manner. Instead of bringing external data to the blockchain, they take blockchain data and send it to another system. Depending on the way the oracle is set up, you can even instruct other systems (such as a banking network) to perform a task based on information from the blockchain.

Centralization can refer to both the controlling entity and the sole source of information. An oracle can be called centralized if a single person or group sets up all of its information sources and actions. The oracle is also centralized if it’s only collecting data from a single source. Some degree of centralization is inevitable in most blockchain oracles. However, centralization can be risky, because a single piece of bad information, or a single malicious actor, can harm the whole system.

Decentralization can reduce some of the risks of oracles because the blockchain oracle is able to function without having to trust that all parties are accurate and acting in good faith. However, implementing decentralization in an oracle can be challenging. Decentralized oracles need multiple network participants to achieve consensus before creating smart contracts, and they can also benefit from having many different data sources. To create a truly decentralized oracle, it can be necessary for a third-party blockchain to manage the oracle.

Many oracles are set to handle repeating actions and continuous streams of data, but contract-specific oracles are designed specifically to manage a single smart contract. They can be helpful in situations such as completing a real-world contract with blockchain funds. However, setting them up can be a little tedious, so they're not ideal for recurring events.

Technically speaking, even a human can function as an oracle. However, human oracles are usually more than just a person reading the news and making a change in the blockchain. Instead, they tend to be people with specialized knowledge in technological, financial or mathematical fields. Human oracles can verify information on a much more nuanced level, so they can be very helpful.

These oracles tend to have both an inbound and outbound aspect. A computational oracle typically receives data from the blockchain, computes it off-chain and then inputs the solution back into the blockchain. This can essentially be a way of using oracles to compute off-chain data solutions and save money on 

When discussing blockchain oracles, "the oracle problem" comes up quite a bit. This problem occurs when an oracle is compromised and results in the smart contract — depending on the oracle — becoming compromised as well. This is usually the case with centralized oracles, as they’re controlled by a sole entity and are the only data source for a smart contract. 

Smart contracts were designed to eliminate counterparty risk, and to facilitate transactions without over-reliance on third parties. Oracles allow these smart contracts to be enacted between 

 parties. However, overly centralized oracles represent a single potential point of failure. Thus, any compromise in data integrity to the oracle will result in a loss of privacy, security and fairness — key features that were supposed to be protected with the use of oracles.

As such, the oracle problem is a key challenge that remains to be completely solved.

In their role as a bridge between blockchains and off-chain data, blockchain oracles have many exciting uses. As they become more common, they have the potential to change the way many blockchain-related industries are run.

Oracles are absolutely vital for any serious 

 (DeFi) system. The whole ethos of DeFi is focused on the idea of providing financial services without allowing any one financial institution to control those services. In order to do this, blockchains must interact with information outside of their network. Blockchain oracles make it possible to use crypto for everything from buying a home to managing retirement. Since blockchain oracles act as a bridge, they let real-world information be the guiding factor in smart contracts. Any time you use cryptocurrency to do things like receive payment for an item or seek a loan for a car, oracles are an essential tool.

The usefulness of oracles is especially apparent when it comes to 

 (DApps). DApps are helpful software that allow the average user, who has little technological knowledge, to interact with the blockchain. They provide daily services while still giving users ownership over their own data. You can find DApps for everything, from insurance products to financial prediction markets to social media. Oracles have expanded the capabilities of DApps far beyond their original uses. With blockchain oracles, it’s possible for DApps to work in a much broader range of situations.

 become more common, there have been challenges associated with linking them to off-chain actions. NFT enthusiasts typically use the blockchain to register assets and trade them. However, they can run into problems when they want to start using off-chain data. For example, consider 

. If you want to print a digital football card for players who score a set number of goals, do you have to do it manually? Using oracles makes it much quicker to create NFTs linked to certain real-world events.

No matter how they're used, blockchain oracles come with a lot of perks. Here are a few of the main reasons that blockchain oracles are becoming so popular.

Adds Extra Functionality to the Blockchain

As you've seen, the main benefit of a blockchain oracle is that it connects the blockchain to the outside world. Oracles give blockchains the external data needed to perform more complex tasks. Instead of a blockchain being limited to a single network, an oracle allows it to interact with external data. Thus, you can use the blockchain for everyday activities like buying, selling, betting and investing.

All of this additional functionality is the main reason why so many people are starting to use oracles. They make it easy to use blockchains for everything from saving for retirement to creating DApps and NFTs. When you’re able to use blockchains for daily tasks, they become very flexible, powerful tools.

Flexible Parameters Provide Countless Applications

Since oracles come in so many styles, they're endlessly flexible. You can design an oracle to perform just about any task you want. Depending on your needs, an oracle can repeat an action or just perform it once. The oracle can passively report, or it can take actions in the blockchain for you.

This flexibility is a huge part of why oracles are so popular. You can use them in a variety of situations and easily tailor them to your needs. Unlike many other blockchain tools, even the most detailed, specific oracle is fairly simple to set up.

A big advantage of oracles is that they don't require you to manually make transactions on the blockchain. Instead of sitting around and performing various tasks at the right time, you can let oracles handle things for you. Once an oracle is set up, it can execute smart contracts in reaction to an external trigger.

This essentially makes oracles a loose form of automation. Though they can't manage complex, nuanced situations, they can perform simple transactions without requiring your constant oversight. You can set up an oracle to do things like buy tokens when a crypto falls to a certain price, or tell the blockchain to generate a new NFT for every user in a game.

Though blockchain oracles are a great solution to “the oracle problem,” they're not entirely perfect. There are some potential downsides to be aware of when considering whether or not you want to use a blockchain oracle.

In general, blockchain oracles are reasonably secure. However, your oracle is only as reliable as the data it consumes. If your oracle gets the wrong information — due either to innocent mistakes or malicious actions — it can end up making unfavorable decisions.

Consider an oracle that buys and sells agricultural derivatives based on temperature. What happens if the oracle is using a random, poorly designed website, and someone hacks the website to input the wrong data? This is a major point of vulnerability that can cost oracle owners a lot of money. To remain safe, it’s essential to use only secure, reliable data, and stopgaps in case the unexpected happens.

An oracle is never built directly into a blockchain. Instead, it’s a third-party process that requires a user to work with a provider, who then connects them to the blockchain. Adding these sorts of middlemen can cause problems with centralization. The whole goal of decentralization is to put power directly into the hands of users, but most oracles are run by single entities. This gives a lot of control to potentially problematic parties.

, the largest provider of blockchain oracles, gets purchased by a financial institution? You could potentially end up once again putting a big, bureaucratic organization in charge of your finances. There’s also a chance that an untrustworthy oracle could act maliciously once they gain access to your crypto accounts or other assets. Users can mitigate these risks by selecting trusted oracles and working with decentralized oracle providers that are based on blockchains themselves. However, adding any other party to your connection with a blockchain invariably comes with some risks.

Blockchain oracles are a relatively new concept, but they're already making waves. In the few years since their introduction, blockchain oracles have been involved in a lot of exciting projects.

 is a market prediction platform based on Ethereum. It’s essentially a decentralized betting platform that lets users create a market for any concept. People can bet on the concept, and then instantly receive funds if they’re correct. Augur is frequently used for things like sporting games and political outcomes — and oracles ensure that users get their payouts in a timely manner.

 token with a one-to-one correspondence to Bitcoin. Wrapped Bitcoin collaborates with Chainlink to regularly audit its assets, using an oracle to check BitGo custody wallets for WBTC tokens and then update the chain if there are any deviations. This protects user funds and prevents devaluation.

 is a DAO-governed project that focuses on enhancing DApp creation. It lets users build APIs for DApps. These blockchain-based APIs are easier to operate and more affordable to scale. Ultimately, API3 is a very influential project. Its trustless applications can seamlessly interact with web-based APIs, so it can help develop a variety of other DeFi projects.

 is a recently launched platform that focuses on cross-chain data integration. The project uses oracles to help bring external data to a variety of blockchains. Its most interesting feature are cross-chain connections that use oracles to send information between different individual blockchains. Band Protocol has been especially useful in creating smartphone-based DeFi platforms.

 is an intriguing startup that received a lot of venture-capitalist interest in late 2021. This blockchain is unique because it incorporates one of the most essential programming languages, 

. Agoric allows users to create smart contracts based on JavaScript for a variety of flexible and accessible contracts. The 

 of Chainlink oracles lets developers create reusable JavaScript components that can rapidly develop applications.

With their ability to bridge the gap between blockchain networks and the outside world, oracles are a very helpful tool. They allow users to send external data to the blockchain, and to execute smart contracts based on this data. Whether you're trying to build a brand new DApp or just do a little personal investing, it's worthwhile to work with oracles.

What Are Blockchain Oracles & Why Do We Need Them?

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