DIA Data: A Hidden Gem In the Oracle Landscape

After DIA Data's (DIA) recent retracement to $0.58 where savvy traders loaded up, DIA has broken out on heavy volume hitting $1.25 on several exchanges as of 1PM GMT-5 on 10/17/2024. Considering DIA's valuation remains opportunistic at just over $100 million, this trade could very well be a 10-20 bagger in the making. Please note, I am not a licensed financial advisor and this article does not constitute financial advice. Please do your due diligence and consult with your financial advisor with any questions. Read on to find out why DIA is an important asset to the blockchain industry.

Public Blockchains' Oracle of the Future

According to their website, DIA is a blockchain oracle platform that fuels DeFi application data. Their mission is to enable a safe and efficient DeFi ecosystem by delivering price data for any asset on any chain: transparent, trustless, and verifiable.

DIA's visionary approach eliminates opaque third-party data sources and instead leverages first party data directly from nearly 100 decentralized and centralized trading venues. This approach enables web3 projects to effortlessly power their applications while understanding the precise source of their data, how it is computed and delivered and enabling them to swiftly react to dynamically changing market situations. Considering the ever increasing
importance of maintaining various forms of regulatory compliance, data privacy, and security, organizations of all sizes and, enterprises in particular, will be required to utilize oracles who utilize a direct sourcing approach.

Now a trusted resource for hundreds of dApps, DIA’s library features data for over 20,000 digital assets, RWAs, random number generation, contract state data for bridges and liquid staking protocols, advanced tooling to create and monitor data feeds and much more.

Lumina: The All-in-One Oracle Suite

DIA acts as an orchestration layer for Web3 data and oracle needs. The platform assembles a range of best-in-class infrastructure modules across the data and oracle value chain from sourcing, storing, computing data to verification and delivery across more than 50 L1s and L2s with the capability to handle any use case and litterally every asset across every blockchain. The significance of such a design cannot be understated.

Proof in Numbers

DIA is rapidly growing its customer base and well positioned for the current climate.

• Used 200+ DApps
• 100+ integrated data sources
• 50+ integrated blockchains
• 20,000 supported assets
• 100+ DAO contributors currently developing the platform
• 150,000 social media followers

Conclusion

With investment banks such as Wells Fargo and Goldman Sachs developing on Cosmos and Canton respectively, it's only a matter of time before the industry and investors realize DIA has a great chance at becoming the next ChainLink or better.