Chronicle Protocol Secures $12M: Oracle Updates Surge 67% as Network Expands and Fees Plummet

April 29, 2025
Chronicle Protocol Secures $12M: Oracle Updates Surge 67% as Network Expands and Fees Plummet
  • The Total Value Secured (TVS) by Chronicle Protocol rose to $12.6 billion in Q1 2025, reflecting a 10.5% increase from $11.4 billion in the previous quarter.

  • On January 28, 2025, Chronicle reduced the challenge period for its ScribeOptimistic oracle from 20 minutes to 10 minutes, facilitating faster data updates while ensuring security.

  • Since mid-August 2024, Chronicle has supported 14 signers per oracle update, enhancing security against manipulation, a practice that continued through Q1 2025.

  • The number of validators in Chronicle's decentralized oracle network grew to 25, enhancing the overall security and resilience of the protocol.

  • Unique price updaters on the platform increased to 11,700, indicating a 24.8% rise in network activity and validator participation compared to Q4 2024.

  • Chronicle expanded its oracle network by deploying 51 new oracles during the quarter, bringing the total to 162, which represents a 45.9% increase from the last quarter.

  • The average fee for oracle updates on Ethereum dropped to $1.53 in Q1 2025, a 64.2% decrease quarter-over-quarter, largely attributed to a significant decline in ETH's price.

  • Chronicle expanded its ecosystem by onboarding five new applications, resulting in a total of 68 integrated applications, a 15.3% increase from the previous quarter.

  • To engage users and support growth, Chronicle introduced Chronicle Points to reward community participants, along with a conversion plan for future CLE tokens.

  • Chronicle Protocol successfully raised $12 million in a Seed round on March 25, 2025, led by Strobe Ventures, to bolster its role as a core data infrastructure provider for tokenized assets.

  • In the first quarter of 2025, Chronicle recorded 373,300 oracle price updates, marking a remarkable 67.7% increase quarter-over-quarter, with a significant portion, 362,600 updates, occurring on Ethereum Layer-2s.

  • Operating costs for oracle updates also saw a substantial reduction, with gas fees decreasing by 64.2% on Ethereum and 8.9% on Layer-2s compared to the previous quarter.

Summary based on 1 source


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State of Chronicle Q1 2025

Messari • Apr 29, 2025

State of Chronicle Q1 2025

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