Main navigation

Chainlink Surges by 10% Following Defi and GameFi Integration Growth

News
Wed, 12/08/2021 - 10:22
article image
Tomiwabold Olajide
According to CoinMarketCap data, Chainlink is up 10% in the last 24 hours
Chainlink Surges by 10% Following Defi and GameFi Integration Growth
Cover image via stock.adobe.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

Chainlink is up 10% in the last 24 hours, according to CoinMarketCap data. The Chainlink network continues to integrate with multiple DeFi protocols and GameFi projects. As a result, its adoption has been growing.

CoinmarketCap

Courtesy: CoinMarketCap

On Dec. 7, Solarbeam, the largest DEX on Moonriver's Kusama-based parachain, announced integrating Chainlink price feeds into its upcoming lending and borrowing Platform on Moonriver. Before that, Dogecoin rival Floki Inu stated that it integrated Chainlink to bring decentralized finance or DeFi functions to its community.

Chainlink develops oracle networks that connect real-world data to blockchain-based smart contracts. Chainlink's network activates and secures more than $80 billion in value locked in smart contracts across several blockchains in industries including DeFi, insurance and gaming, thanks to node operators like Deutsche Telekom's T-Systems, Swisscom and the Associated Press.

LINK, the native asset of the Chainlink Network, is steadily climbing for the third day after it rebounds from sell-off lows of $16.72. LINK is presently trading at $22.44 and ranks 21st by market capitalization.

article image
About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.