In October 2024, Chainlink unveiled several significant initiatives, including the launch of the Chainlink Runtime Environment (CRE) at SmartCon 2024 in Hong Kong. This new environment introduces modularity to multi-chain applications, enabling developers to create custom workflows across various blockchains. The event attracted over 2,000 innovators, highlighting the intersection of blockchain-driven finance and traditional finance. Panel discussions featured industry leaders such as Sergey Nazarov and Benjamin Chodroff, who discussed the potential convergence of traditional finance (TradFi) and decentralized finance (DeFi). The CRE aims to enhance the development of decentralized applications (dApps) by providing modular components and scalable solutions, reinforcing Chainlink's position as a key player in the rapidly evolving blockchain ecosystem.