Based

Evan

DeFi

Chainlink

Drake

<p>Chainlink does not stop growing its influence as a data source, connecting even more blockchains and projects. In high-speed trading environments, Chainlink is the top choice for reliable oracle data, especially for pricing information.&nbsp;</p>
<p>In the past weeks, Chainlink added new connections for services and projects on six major blockchains.&nbsp;</p>
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   <p lang="en" dir="ltr">⬡ Chainlink Adoption Update ⬡<br><br>This week, there were 12 integrations of 6 <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Chainlink</a> services across 6 different chains: <a href="https://twitter.com/arbitrum?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@arbitrum</a>, <a href="https://twitter.com/avax?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@avax</a>, <a href="https://twitter.com/base?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@base</a>, <a href="https://twitter.com/BNBCHAIN?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@BNBCHAIN</a>, <a href="https://twitter.com/ethereum?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@ethereum</a>, and <a href="https://twitter.com/0xPolygon?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@0xPolygon</a>.<br><br>New integrations include <a href="https://twitter.com/AbyssWorldHQ?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@AbyssWorldHQ</a>, <a href="https://twitter.com/indexcoop?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@indexcoop</a>, <a href="https://twitter.com/lendrnetwork?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@lendrnetwork</a>, <a href="https://twitter.com/LinearFinance?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@LinearFinance</a>,… <a href="https://t.co/TasaeGUFTN" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/TasaeGUFTN</a></p>— Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1789741629940679121?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 12, 2024</a>
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<p>The new batch of projects onboarded by Chainlink includes mostly DeFi and FinTech hubs, but also two new tokenized Web3 games. Chainlink also communicates directly with developers, offering testing and implementation tools. Unfortunately, the space has drawn scammers with fake platforms&nbsp;</p>
<h2 class="wp-block-heading" id="chainlink-focuses-on-tokenization-infrastructure">Chainlink Focuses on Tokenization Infrastructure</h2>
<p>Chainlink offers scalable solutions for new tokenization, especially following the trend of <a href="https://www.cryptopolitan.com/rwa-in-focus-mas-regulated-digital-asset-custodian-propine-introduces-support-for-fathom-dollar-fxd-stablecoin-on-xdc-network/" rel="noopener noreferrer nofollow">real-world assets (RWA)</a>. A growing list of projects is already using Chainlink to generate valuable tokens connected to real-world assets or economic activity.&nbsp;</p>
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   <p lang="en" dir="ltr">Chainlink is essential infrastructure for the tokenized asset economy, providing data, interoperability, and security to RWAs at scale.<br><br>12 examples of how Chainlink is powering the tokenization megatrend 🧵 <a href="https://t.co/foMXxv985q" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/foMXxv985q</a></p>— Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1789296181685715313?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 11, 2024</a>
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<p>The RWA trend expands ChainLink integrations, which are now more than 2,500, linked to 140 prominent projects in crypto space.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/RWAs?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#RWAs</a><br><br>The world’s largest oracle platform now has 2527 integrations.<br><br>'140’ projects have integrated <a href="https://twitter.com/hashtag/CCIP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#CCIP</a> on at least 1/9 different blockchain mainnet.<a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Chainlink</a> ‘enables’ the transition of ‘global financial systems’ into the blockchain/smart contract format.<br><br>Accumulate. ⏣ <a href="https://t.co/qsfOfwjMG4" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/qsfOfwjMG4</a></p>— ƊÓȠ. (@Don_ChainLink) <a href="https://twitter.com/Don_ChainLink/status/1789800980235600170?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 12, 2024</a>
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<p>Chainlink Labs, the development company that is expanding its influence, is also expanding its team with new hires, showing a bullish trend for crypto builders. Based on GitHub commits, Chainlink is among the top 10 most active projects.&nbsp;</p>
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<p>Chainlink automates decisions in the expanding crypto infrastructure, eliminating the need for human involvement. Chainlink solves the problem of gas fees by selecting optimal conditions for transactions. Using oracles, projects can handle transaction traffic based on optimal gas fees at any given time.&nbsp;</p>
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   <p lang="en" dir="ltr">This would have cost ~$0.25 if they used <a href="https://twitter.com/transporter_io?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@transporter_io</a> and were willing to wait only ~20min.<br><br>Yes, you read that right. $0.25 vs. $600.<a href="https://twitter.com/transporter_io?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">@transporter_io</a> offers flat fees when sending USDC, even at high volumes. <a href="https://t.co/iAmDTD9iWt" rel="noopener noreferrer nofollow" target="_blank">https://t.co/iAmDTD9iWt</a></p>— Evan Drake (@iamevandrake) <a href="https://twitter.com/iamevandrake/status/1789290725223321817?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 11, 2024</a>
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<p>Chainlink is also an ambassador for the growth of blockchain projects and favors more lenient regulation. The project’s supporters also note that Chainlink has a real application and is not the source of limited price feeds, as previously accused.&nbsp;</p>
<p>Demand for reliable data services is also high, with many projects trying to copy the Chainlink model. Its annual network fees, which reach $2, reveal Chainlink’s usage of $39M. The protocol itself has annual revenues above $630K.&nbsp;</p>
<p>Chainlink still has a first-mover advantage when it comes to facilitating inter-chain connections. One of the trends for 2024 is to build more bridges, asset swaps, and cross-chain smart contracts. Chainlink has positioned itself to provide reliable data for all of those operations.&nbsp;</p>
<p>Additionally, Chainlink has built its <a href="https://ccip.chain.link/" rel="noopener noreferrer nofollow" target="_blank">CCIP</a> protocol, now open to developers for multi-chain tasks and projects. Chainlink easily connects some of the most widely used blockchains and offers tools and guidance to builders.</p>
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   <p lang="en" dir="ltr">Interoperable and Verifiable Cryptographic Truth 🐚<a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Chainlink</a> 🏗️ <a href="https://twitter.com/hashtag/CCIP?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#CCIP</a>🛢️ <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$LINK</a> 🔑 <a href="https://t.co/jHT3qTvb9V" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/jHT3qTvb9V</a></p>— jc (@_justinjc_) <a href="https://twitter.com/_justinjc_/status/1789822661226356919?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 13, 2024</a>
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<p>One of the driving narratives for Chainlink will be its promise to connect mainstream and crypto-based finance. It is possible to test Chainlink connectivity to the existing SWIFT banking system. Tokenization drives from mainstream financial firms may increase the need for Chainlink services.</p>
<h2 class="wp-block-heading" id="is-chainlink-an-undervalued-project">Is Chainlink an Undervalued Project?</h2>
<p>Project growth for Chainlink has previously translated into a series of price booms. Currently, LINK trades around $13.60, while the community awaits a more significant breakout. After a successful bull market in the first quarter of 2024, Chainlink is now awaiting a new direction. Current market conditions are seen as a crossroads, either leading to a correction, or to a new altcoin bull market.&nbsp;</p>
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   <p lang="en" dir="ltr">Decision time for <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Chainlink</a> <a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$LINK</a> is coming soon too ⏳ <a href="https://t.co/dA9A7yxgDD" rel="noopener noreferrer nofollow" target="_blank">https://t.co/dA9A7yxgDD</a> <a href="https://t.co/FRqRhB54I4" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/FRqRhB54I4</a></p>— DavidOnCrypto 🐂🀄️ (@DavidOnCrypto_) <a href="https://twitter.com/DavidOnCrypto_/status/1789904297125196187?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 13, 2024</a>
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<p>LINK peaked at around $47 during the 2021 bull market, and only recovered to a peak of $20.70 in 2024. Currently, around 58% of the LINK supply is unlocked and in circulation, though only a small part of the free unlocked coins are traded each day.&nbsp;</p>
<p>Around 7.23% of the supply is also locked for staking, valued at around $577M. Some of the tokens are needed for node operations, but all LINK is movable and not locked in a smart contract. Chainlink only distributed 35% of all tokens during its public sale, leaving a generous allocation for the team and future development.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$LINK</a> will underperform because Sergey keeps dumping on you!<br><br>Hmmm, about 55% in circulating supply. When did <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">$BTC</a> have 55% in circulation? 2014. Price then? $820.<br><br>Just a casual 90x from there…<a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">#Chainlink</a> <a href="https://t.co/4wHzgUbh7F" rel="noopener noreferrer nofollow" target="_blank">pic.twitter.com/4wHzgUbh7F</a></p>— Link-182 ⏣ (@lewi5) <a href="https://twitter.com/lewi5/status/1789587003702415587?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">May 12, 2024</a>
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<p>Despite this, LINK supporters see the asset as somewhat undervalued and poised for more accumulation.&nbsp;</p>

Chainlink (LINK) Integrates New Services for Six Blockchains

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