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- Chainlink’s Meteoric Rise: Institutional Interest and Ecosystem Growth Propel Surge
- LINK Hits Multi-Year High: What’s Driving Chainlink’s Unstoppable Rally?
- Chainlink Shines: Record Futures and Major Partnerships Boost Token to New Heights
- Whale Moves and Ecosystem Expansion Fuel Chainlink’s Unprecedented Surge
Chainlink Hits 3-Year High Amid Record Futures Open Interest
Chainlink (LINK) has surged to its highest point since January 2022, reaching $29.45 on Thursday as institutional interest in the decentralized oracle network continues to grow. This marks a significant 20% gain in the past week and an impressive 119% increase over the last month, positioning Chainlink as one of the best-performing cryptocurrencies in recent weeks, according to data from CoinGecko.
The rise in Chainlink’s price coincides with a record-breaking futures open interest (OI) of $770.27 million, according to Glassnode. This far surpasses competitors like Toncoin (TON) with $259 million and TRON (TRX) at $356 million. The surge in OI signals increasing attention from sophisticated investors.
Key to LINK’s momentum has been the activity of large investors, or “whales.” On-chain data reveals that Trump-backed World Liberty Financial purchased 41,335 LINK tokens, worth $1 million, at an average price of $24.19. This substantial purchase underscores growing institutional interest in the asset.
Another major factor driving LINK’s rally is Chainlink’s expanding ecosystem and high-profile partnerships. The recent launch of its Cross-Chain Interoperability Protocol (CCIP) on the Ronin network allows seamless token transfers between Ethereum, Ronin, and Base, a blockchain incubated by Coinbase. Additionally, Emirates NBD, a leading bank in the UAE, partnered with Chainlink to enhance its digital asset tokenization strategy.
Chainlink’s collaboration with major industry players continues to bolster its reputation. Coinbase’s Project Diamond integrated Chainlink to provide infrastructure for tokenized asset management, while a partnership with SWIFT introduced a new institutional payment solution. World Liberty Financial (WLFI) also adopted Chainlink’s standards for secure on-chain data and cross-chain connectivity.
“Chainlink, closely tied to Ethereum, is a leader in blockchain interoperability,” says Arthur Azizov, CEO of B2BINPAY. He adds that Chainlink has led the top 10 ERC-20 crypto projects in developer activity over the past 30 days.
In another key development, Chainlink, in partnership with 21Shares, is launching an EU-regulated service for trading and settling tokenized securities, signaling further institutional interest in the platform’s capabilities.
With institutional investors piling in and Chainlink continuing to expand its partnerships, the future looks bright for LINK, which is emerging as a key player in the blockchain space.
