tl;dr
Chainlink (LINK) has surged to its highest level since January 2022, reaching $29.45 on Thursday. The decentralized oracle network posted a 20% gain over the last seven days and a 119% increase over the past month, making it one of the best-performing cryptos. LINK’s futures open interest reached an...
Chainlink (LINK) has skyrocketed to its highest level since January 2022, hitting $29.45 on Thursday. The decentralized oracle network has seen a remarkable 20% gain over the last seven days and a staggering 119% increase over the past month. These figures position LINK as one of the top-performing cryptocurrencies in recent weeks, based on CoinGecko data.
Furthermore, LINK's futures open interest (OI) has reached an unprecedented high of $770.27 million, reflecting a substantial surge driven by whale activity, new partnerships, and institutional collaborations. This astounding OI eclipses competitors like Toncoin and TRON by a significant margin.
Chainlink's recent partnerships with major institutions, including Emirates NBD and Coinbase's Project Diamond, have bolstered its standing in blockchain interoperability. Notably, Chainlink is also venturing into the domain of tokenized asset management, solidifying its position as a leader in the field.
Emirates NBD, one of the UAE's largest banks, has joined forces with Chainlink to enhance digital asset tokenization. Similarly, Coinbase's Project Diamond has integrated Chainlink to provide infrastructure for tokenized asset management. Additionally, Chainlink's collaboration with SWIFT has introduced an institutional payment solution, while WLFI has embraced Chainlink's standard for secure on-chain data and cross-chain connectivity.
"Chainlink, closely associated with Ethereum, is a frontrunner in blockchain interoperability," remarked Arthur Azizov, CEO of B2BINPAY, emphasizing Chainlink's leading developer activity and its role in propelling the Top 10 ERC-20 crypto projects.
Moreover, in partnership with 21Shares, Chainlink is poised to launch an EU-regulated service catering to the trading and settlement of tokenized securities, further amplifying its influence in the digital asset landscape.