BUILD

Chainlink

<ul> 
 <li>Chainlink’s development activity witnesses a substantial surge.</li> 
 <li>LINK’s trading volume is up 2% amid bearish momentum.</li> 
</ul> 
Chainlink, the leading Web3 services platform, is undergoing significant network enhancements. Notably, its GitHub development activity has surged this summer, propelling the asset into the top five most frequently developed assets, according to Santiment. 
The fourth quarter for Chainlink was marked by a flurry of updates, and development activity soared from 25.88% in February to 31.25%. 
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 <img decoding="async" width="1024" height="347" src="https://thenewscrypto.com/wp-content/uploads/2023/08/ChainLink-on-Ethereum-LINK-10.57.29-07-Aug-2023-1024x347.jpg" alt="" class="wp-image-80218" srcset="https://thenewscrypto.com/wp-content/uploads/2023/08/ChainLink-on-Ethereum-LINK-10.57.29-07-Aug-2023-1024x347.jpg 1024w, https://thenewscrypto.com/wp-content/uploads/2023/08/ChainLink-on-Ethereum-LINK-10.57.29-07-Aug-2023-300x102.jpg 300w, https://thenewscrypto.com/wp-content/uploads/2023/08/ChainLink-on-Ethereum-LINK-10.57.29-07-Aug-2023-768x260.jpg 768w, https://thenewscrypto.com/wp-content/uploads/2023/08/ChainLink-on-Ethereum-LINK-10.57.29-07-Aug-2023-1536x520.jpg 1536w, https://thenewscrypto.com/wp-content/uploads/2023/08/ChainLink-on-Ethereum-LINK-10.57.29-07-Aug-2023-2048x693.jpg 2048w, https://thenewscrypto.com/wp-content/uploads/2023/08/ChainLink-on-Ethereum-LINK-10.57.29-07-Aug-2023-150x51.jpg 150w" sizes="(max-width: 1024px) 100vw, 1024px"> 
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 LINK development activity, Source: Sanbase 
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On July 17, the platform introduced its <a href="https://thenewscrypto.com/chainlink-cross-chain-interoperability-protocol-revolutionizes-finance/" target="_blank" rel="noopener noreferrer nofollow">Cross-Chain Interoperability Protocol</a> (CCIP). It aims to seamlessly integrate traditional financial institutions with many public and private blockchains. This move triggered a bullish rally, propelling Chainlink to hit a <a href="https://thenewscrypto.com/chainlink-link-rose-20-to-make-a-three-month-high-whats-next/" target="_blank" rel="noopener noreferrer nofollow">three-month high</a> 
Moreover, in another strategic move, Chainlink Labs, the developer behind the industry-leading Web3 services platform, announced a partnership with <a href="https://github.com/" target="_blank" rel="noopener noreferrer nofollow">GitHub</a>. As the world’s largest AI-powered developer platform, GitHub will collaborate with select startups in the Chainlink BUILD program. 
Furthermore, a noteworthy development is the accumulation of Chainlink tokens by whales and high-volume traders holding between $100,000 and $10 million worth of LINK. This accumulation trend has reached its highest point since December 2022. In terms of trading volume, it has experienced a 2.01% increase, now totaling $132,300,234. 
Meanwhile, according to <a href="https://coinmarketcap.com/currencies/chainlink/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a>‘s report, the native token of Chainlink, known as Link, currently holds a value of $7.16. Experiencing a 5.60% decline, the asset finds itself in a state of bearish momentum, while its 50-day Simple Moving Average (SMA) stands at $7.23.

Chainlink (LINK) Is on Investor’s Watchlist, Here’s Why ?

TheNewsCrypto

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