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- Chainlink (LINK) dominates the Real-World Asset (RWA) ecosystem once again as it surged by 14,450% in the last 30 days to reach development activities of 738.
- An analyst has tipped the $9-11 price range as a perfect buying opportunity before the predicted run to hit $35.
Santiment data has put Chainlink (LINK) at the pole position of the list of large development activities among Real-World Assets (RWA). According to the report, Chainlink surged by 14,450% in the last 30 days to record 738 development activities. Meanwhile, Synthetix (on Ethereum) secured the second position with 254 activities after surging by 46%. Dusk, Oraichain Token, Sky, and Maker chronologically took the subsequent position with Centrifuge coming 10th.
According to our research, Chainlink has dominated this category for some time as our earlier report in May also showed its development activities outpacing its closest competitor by 2.49 times.
Other Notable Announcements This Week
Chainlink’s NFT Floor Price Feeds recently went live on the Ethereum mainnet. According to the announcement, the first ten NFT collections supported by the feed are Azuki Official, Bored Ape Yacht Club, CloneX, Cool Cats, CrypToadz, CryptoPunks, Doodles, Mutant Apes, Vee Friends, and World of Women. Our research shows that the feed would help to solve the innovation gap that exists between the DeFi and the NFT economy.
We are excited about this collaboration between Coinbase and Chainlink. We’re bridging the gap between transparency and security in the NFT space by bringing reliable and timely on-chain NFT Floor Price Feeds for the top NFT collections to the Web3 world.
As part of its effort to improve its Cross-Chain Interoperability Protocol (CCIP), Chainlink has also unveiled the CCIP v1.5 upgrade to scale the number of tokens integrated with CCIP to make the protocol easier to use.
CCIP v1.5 introduces the Cross-Chain Token (CCT) standard, which enables token developers to integrate new and existing tokens with CCIP in a self-serve manner in minutes. CCTs support self-serve deployments, full control and ownership for developers, enhanced programmability, and zero-slippage transfers—all backed by CCIP’s industry-standard defense-in-depth security.
In our recent report, Johann Eid, Chainlink’s Chief Business Officer, highlighted that the ecosystem had a busy month as it recorded over 40 project integrations. In addition, the Total Value Locked (TVL) in DeFi protocols secured by the Chainlink Data Feed also reached $6.5 billion.
The Chainlink ecosystem had a busy month for Smartcon, 40+ projects announced Chainlink integrations across multiple chains & verticals like RWAs, LST/LRT, BTCFi, & more.
Chainlink (LINK) Price Prediction
Amid the backdrop of this, LINK was advancing towards a crucial resistance level at $12 as it surged by 11% in the last 24 hours to trade at $11.82.
Meanwhile, crypto analyst Michael van de Poppe believes that any point between $9-11 is a buying opportunity. According to him, the asset has the potential to hit $35 and continue to breach its all-time high price of $52.88.
Chainlink is still consolidating above the crucial resistance and flipping that for support. I think anything between $9-11 is an interesting one to buy into. I mentioned it a few times, but it remains to be an opportunity of a lifetime.
