LINK Price Surges
Chainlink (LINK) has soared to a 3-year high, reaching $29.45, driven by rising institutional interest and ecosystem growth. Over the past month, LINK has gained 119%, with a 20% increase in the last seven days.Record Futures Open Interest
According to Glassnode, LINK’s futures open interest (OI) hit an all-time high of $770 million, surpassing competitors like TRON ($356 million) and Toncoin ($259 million). Whale activity has played a significant role, with entities like Trump-backed World Liberty Financial purchasing large LINK holdings.Expanding Ecosystem and Partnerships
Chainlink’s recent advancements include launching its Cross-Chain Interoperability Protocol (CCIP) on the Ronin network, enabling seamless token transfers across Ethereum, Ronin, and Base. Additionally, partnerships with Emirates NBD, SWIFT, and Coinbase have strengthened its ecosystem. These developments, coupled with LINK’s focus on blockchain interoperability and on-chain data solutions, have positioned it as a leader in the space, drawing substantial attention from institutional players.
Read the full article on
decrypt.
