• Latest
  • Trending
  • All
  • LATEST NEWS
  • SPONSORED POSTS
  • BANKING
  • Cryptocurrency
  • Job Past Questions
  • PRICE WATCH
  • VIEW POINT
  • ECONOMY
  • Careers
  • Press Release
  • Breaking News
  • education news
  • Personal Finance
  • Networth
Polkadot DOT and Chainlink LINK price have both gone up by 40

Chainlink (LINK) Price surges to $28 as Address Activity Hits 3-Month High

August 21, 2021
A Comprehensive Guide to the European Union Blue Card

Unlocking Opportunities: A Comprehensive Guide to the European Union Blue Card

August 31, 2024
Naira Redesign Policy Causes Banks' Deposits with CBN to Plummet by 95.82%

Currency in Circulation hits all-time-high Fueling Inflationary Pressures

August 29, 2024
Ecobank Nigeria Launches Oja Oge Pop up Marketplace to Empower SMEs

Ecobank Nigeria Launches Oja Oge Pop-up Marketplace to Empower SMEs

August 28, 2024
inflation Push Over 31 Million Nigerians into Acute Food Shortage

Insecurity and Economic Woes Push Millions of Nigerians into Acute Food Crisis

August 28, 2024
NAFDAC Cracks Down on Use of Unapproved Saccharine in Bread Production

NAFDAC Cracks Down on Use of Unapproved Saccharine in Bread Production

August 27, 2024
Food Prices in Nigeria Soar in July 2024

Food Prices in Nigeria Soar in July 2024: Beans, Eggs, and Yam Lead the Surge

August 27, 2024
Fed Rate Cuts Could Offer Respite for Nigeria’s Naira and Economy

Fed Rate Cuts Could Offer Respite for Nigeria’s Naira and Economy

August 27, 2024
Nigeria's Manufacturing Sector Struggles in Q2 2024

Nigeria’s Manufacturing Sector Struggles in Q2 2024: Growth Slows Amid Economic Challenges

August 27, 2024
Nigeria's Agricultural Sector Shows Modest Growth in Q2 2024

Nigeria’s Agricultural Sector Shows Modest Growth in Q2 2024: Crop Production Remains Key Driver

August 27, 2024
Nigeria's Economy Grows by 3.19% in Q2 2024

Nigeria’s Economy Grows by 3.19% in Q2 2024: Services and Industry Lead the Charge

August 27, 2024
States Share $71 Billion in Seven Years, But Poverty Persists

States Share $71 Billion in Seven Years, But Poverty Persists: What’s Going Wrong in Nigeria?

August 26, 2024
Interest Rate Hikes, Inflation Squeeze Profit Margins for Nigerian Paint Manufacturers

Interest Rate Hikes, Inflation Squeeze Profit Margins for Nigerian Paint Manufacturers

August 26, 2024
  • About
  • Privacy Policy
  • Terms of Use
  • Feedback
  • Advertise
Sunday, June 15, 2025
  • Login
Financial Watch
  • HOME
  • Banking
  • ECONOMY
  • VIEW POINT
  • PRICE WATCH
  • CRYPTO WATCH
No Result
View All Result
  • HOME
  • Banking
  • ECONOMY
  • VIEW POINT
  • PRICE WATCH
  • CRYPTO WATCH
No Result
View All Result
Financial Watch
No Result
View All Result
Home Cryptocurrency

Chainlink (LINK) Price surges to $28 as Address Activity Hits 3-Month High

The unique amount of addresses interacting on the $LINK network has surged to a near 3-month high, a promising indicator

by Cynthia Charles
August 21, 2021
in Cryptocurrency
0
Polkadot DOT and Chainlink LINK price have both gone up by 40
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

Chainlink (LINK) Price surges to $28 as Address Activity Hits 3-Month High – Amid the recent rally in the altcoin space, oracle service provider Chainlink (LINK) has been doing pretty well. Over the last month, Chainlink’s (LINK) price has literally doubled. As of press time, LINK is up 6.57% trading at $28.89 and a market cap of $12.9 billion.

This comes amid a sharp uptick in the number of unique addresses interacting on the Chainlink blockchain. As on-chain data provider Santiment notes:

The unique amount of addresses interacting on the $LINK network has surged to a near 3-month high, a promising indicator.

Chainlink LINK Price surges to 28 as Address Activity Hits 3 Month High
Chainlink LINK Price surges to 28 as Address Activity Hits 3 Month High –  Courtesy: Santiment

Despite the recent bull run, Chainlink is still trading at over a 20% discount from its all-time high of $53 on May 10, 2021.

The Launch of Arbitrum One

Last week on August 13, Chainlink Labs launched its own data oracles Arbitum One. This is a fully-featured Optimistic Rollup layer 2 network enabling low-cost and highly scalable smart contracts.

The Arbitrum One integration will allow Chainlink developers to get access to financial data on behalf of its other decentralized exchange clients. The official announcement reads:

This initial integration involves native support for the numerous USD-denominated Chainlink Price Feeds, with plans to rapidly scale support for new price pairs and other types of data feeds, matching our ecosystem’s growing demand for DeFi and hybrid on-chain/off-chain smart contracts in other industries like sports, gaming, insurance, NFTs, and more.

Oracle service provider Chainlink has been much popular in the industry and even big-tech giants like Google leverage its services. Chainlink allows smart contracts to reference real-world API.

Even Ethereum co-founder Vitalik Buterin has acknowledged that smart contracts require oracles like Chainlink. Ethereum competitor Binance is already leveraging the Chainlink infrastructure for its Binance Smart Chain.

The native LINK tokens work as compensation to Chainlink node operators for data retrieval. There are a total of 1 billion LINK tokens. Of these 446 million have been minted.

Tags: altcoinsChainlink
Share196Tweet123
Previous Post

CBN may Sanction Microfinance Banks for illegal Forex Trading

Next Post

Solana Yield Aggregator ‘Luna Yield’ Rug-pulls, Steals Almost $10 Million

Cynthia Charles

Cynthia Charles

She is a prolific writer and has special interest on writing about business and opportunities. She can be contacted via cynthiaadigwe@financialwatchngr.com

Next Post
Top 5 crypto scams to watch out as a trader or investor2

Solana Yield Aggregator ‘Luna Yield’ Rug-pulls, Steals Almost $10 Million

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Stanbic IBTC launches Africa-China Agent Value Proposition

List of Stanbic IBTC bank Routing Number, sort codes and branches in Nigeria

May 2, 2023
Banks Employ More Contract Staff as full staff continue to dwindle

Nigerian bank employee grades and levels

June 14, 2021
N-power Portal Login npvn.npower.gov.ng/login 2020/2021 – Update Your Account

N-power Portal Login npvn.npower.gov.ng/login 2020/2021 – Update Your Account

November 17, 2020
Zenith Bank2

List of Zenith bank Routing Number, sort codes and branches in Nigeria

May 2, 2023
Union Bank2

List of Union bank Routing Number, sort codes and branches in Nigeria

May 2, 2023
How buy 2019 JAMB 2019 UTME form/ registration PIN online

UTME result: How to Check JAMB Result 2022 – Jamb Result Checker

1333
JAMB Result checker 2020 out | www jamb org ng result checker

Utme 2021: Check JAMB Results Using JAMB Registration Number

1146
List of JAMB Approved CBT Centres In Abia State 2020/2021 | Abia State Jamb Cbt Centres

Jamb Portal 2021: How to check Jamb Results – jamb.org.ng/efacility

523
P Yes registration

www.p-yes.gov.ng – Register For P-YES Progeamme Portal – Apply Now

436
Breaking: JAMB releases more 15,490 UTME results

JAMB Results 2021 Online Checking Steps | www.jamb.org.ng Result

316
A Comprehensive Guide to the European Union Blue Card

Unlocking Opportunities: A Comprehensive Guide to the European Union Blue Card

August 31, 2024
Naira Redesign Policy Causes Banks' Deposits with CBN to Plummet by 95.82%

Currency in Circulation hits all-time-high Fueling Inflationary Pressures

August 29, 2024
Ecobank Nigeria Launches Oja Oge Pop up Marketplace to Empower SMEs

Ecobank Nigeria Launches Oja Oge Pop-up Marketplace to Empower SMEs

August 28, 2024
inflation Push Over 31 Million Nigerians into Acute Food Shortage

Insecurity and Economic Woes Push Millions of Nigerians into Acute Food Crisis

August 28, 2024
NAFDAC Cracks Down on Use of Unapproved Saccharine in Bread Production

NAFDAC Cracks Down on Use of Unapproved Saccharine in Bread Production

August 27, 2024
Financial Watch

Copyright © 2023 Financial Watch.

Navigate Site

  • About
  • Privacy Policy
  • Terms of Use
  • Feedback
  • Advertise

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • Banking
  • ECONOMY
  • VIEW POINT
  • PRICE WATCH
  • CRYPTO WATCH

Copyright © 2023 Financial Watch.