Chainlink (LINK), unlike other altcoins, hasn’t been a big part of the recent altcoin bull run. With strong going whale accumulating, the oracle service provider cryptocurrency has been staying around $35
Focus on Chainlink (LINK)
While numerous other altcoins have recently made headlines, now is an excellent moment to focus on Chainlink (LINK).
With strong going whale accumulating, the oracle service provider cryptocurrency has been staying around $35. According to Santiment, a blockchain data provider:
There are currently 64 addresses that hold between 1 M and 10M $LINK. In just the last 4 days, these whale wallets have added 1.89% of the #Chainlink supply to their cumulative bags. They’re now up to 18.01% of the total supply, a new #AllTimeHigh held.
Chainlink (LINK), unlike other altcoins, hasn’t been a big part of the recent altcoin bull run. With more than 20% growth in the last month, the Oracle service provider has put up a good showing.
On fundamental foundations, the Chainlink ecosystem continues to grow in strength.
Total Value of Chainlink (LINK)
Chainlink continues to acquire market share as more companies in the DeFi ecosystem employ Chainlink oracles to communicate across networks.
In terms of total value secured, Chainlink has reached a new milestone (TVS)The total value secured (TVS) across several blockchain networks has been an important statistic for the Chainlink (LINK) ecosystem.
Last week, Chainlink ecosystems secured a stunning $76.5 billion in total value secured (TVS). Chainlink Price Feeds are now the most common DeFi oracle networks.
The Chainlink Oracle networks are now heavily used by hundreds of decentralized apps across Ethereum, Avalanche, and Binance Smart Chain (BSC).
They facilitate on-chain financial applications in decentralized loan markets by providing “precise, tamper-proof market data.” Sergey Nazarov, the co-founder of Chainlink, commented on the development:
“Crossing $75Bn in total value secured makes the Chainlink network one of the most value securing forms of decentralized consensus on the planet. Chainlink networks are securing the most valuable smart contracts across multiple chains.
Without trusted price data to trigger smart contracts, it is impossible to build DeFi applications, and we do not think it is a coincidence that the rate at which Chainlink has been able to bring new market data onto blockchains has been the rate at which developers have been able to build exciting new DeFi apps.”
The native crypto of Chainlink, LINK, could be a candidate for the next leg of the altcoin surge.