Band Protocol is a decentralized oracle network that provides real-world data to smart contracts on blockchains. It is a cross-chain protocol, meaning that it can connect to multiple blockchains and provide data to smart contracts on any of those chains. Band Protocol is secured by a network of validators who are incentivized to provide accurate and reliable data.
Band Protocol is used by a variety of decentralized applications (DApps), including decentralized finance (DeFi) protocols, prediction markets, and gaming platforms. It is a key component of the DeFi ecosystem, as it provides the real-world data that is needed for many DeFi applications to function.