Chainlink ($LINK )

Current price: about $11.02.

RMB price: about 80.08 yuan.

Chainlink's recent rise is mainly attributed to its growing importance in the decentralized finance (DeFi) field. As a key infrastructure that connects blockchain smart contracts and real-world data, Chainlink's demand continues to increase. The recently launched Cross-Chain Interoperability Protocol (CCIP) enables many decentralized applications (dApps) to operate on multiple blockchains, thereby driving demand for LINK.

In addition, the improvement in overall market sentiment has also provided support for Chainlink's rise. With the expectation of a possible interest rate cut by the Federal Reserve, investors' interest in risky assets has risen, which has driven the price of cryptocurrencies, and LINK has benefited from this trend.