Band Protocol CEO says that a single Chainlink data request costs $450
Band is one of Chianlink’s main competitors in the oracle space that is based on Cosmos technology. In a recent Cointelegraph interview, Soravis Srinawakoon, the CEO of Band Protocol, said: Srinawakoon also provided a link to Chainlink’s Ethereum (ETH) contract to support his claim.
Srinawakoon believes that low fees is only one of the advantages that Band holds over its main competitor, additionally noting greater interoperability (he mentioned that Band oracles are already available on Waves, TRON (TRX) and ICON) and decentralization. Srinawakoon admitted that up until now, Chainlink has been dominating the Ethereruem ecosystem, but said that this is about to change: A Chainlink spokesperson told Cointelegraph that there are profound reasons for why Band has not enjoyed a similar level of success on the Ethereum network: The DeFi space has grown by leaps and bounds this year, pushing the price of Ether and creating demand for oracalized data providers like Chainlink and Band.
