Chainlink’s LINK token performed better than the top 20 cryptocurrencies in the last seven days, as the digital asset gained 14%. Its price performance is remarkable, considering other major cryptocurrencies’ prices performed poorly during the same period.

Commencing the week at $6.09, LINK peaked at $7.21 earlier today before dropping to $7.12 as of press time.

Chainlink (LINK) Price Outperforms

The primary catalyst behind LINK’s robust performance is the heightened network activity within the Chainlink ecosystem. The network address activity hit a 2-month high on September 21 as nearly 4,000 unique addresses interacted with it.

This surge in network activity can be attributed to the increasing adoption of the Cross-Chain Interoperability Protocol (CCIP) by DeFi developers and traditional financial institutions.

Furthermore, Chainlink’s recent collaboration with Swift, a major interbank messaging infrastructure provider, resulted in a successful tokenization test involving prominent global banks. As Go to Source to See Full Article
Author: Oluwapelumi Adejumo

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