[Chainlink’s recent integration across 12 blockchains: Catalyst for LINK’s growth? 】
Chainlink (LINK) adoption reached new heights this week, with the platform announcing the integration of four services across 12 chains, for a total of 10 new integrations. These chains include Ethereum, Base, Avax, Arbitrum, etc., and announced new cooperation with Metis, Goldlink Finance, Beefy Finance, etc., showing the expanded functionality and increasing attention of Chainlink products.
In the second quarter report of 2024, Chainlink stated that it has cooperated with companies such as Paxos, 21Shares, Swift, etc. to explore the application cases of tokenized assets and promote the progress of tokenization through products such as digital asset sandbox. The report highlights Chainlink’s efforts to accelerate digital asset innovation among financial institutions, including collaborations with DTCC and Aave.
Currently, approximately $170 billion in assets have been tokenized, but there is still $1.64 trillion in assets that have not yet been tokenized. Experts believe that as Chainlink continues to collaborate and innovate, it has the potential to compete alongside Solana and Ethereum.
The platform also plans to add more application cases to the digital asset sandbox and develop a certification system for capital market developers to help them improve their expertise in blockchain technology and provide resources for future partners.
At press time, LINK was trading at $10, down 2% over the past seven days and down 28% over the past 30 days. However, 24-hour trading volume rose 3% to $219 million.
