Polygon

Chainlink

<ul> 
 <li><strong>Chainlink announces 10 new integrations spanning Avalanche, Arbitrum, BNB Chain, Polygon Ethereum, and Optimism.</strong></li> 
 <li><strong>Chainlink’s LINK price surged over 10% in the past week.</strong></li> 
</ul> 
<p>In the midst of recent turbulence within the cryptocurrency space, Chainlink, a leading Oracle services provider, continues to forge ahead with its mission to enhance cross-blockchain interoperability. On Monday, September 25, Chainlink unveiled a major milestone, <a href="https://twitter.com/chainlink/status/1706027802959511819?s=20" target="_blank" rel="noopener noreferrer nofollow">announcing</a> a total of 10 new integrations aimed at strengthening the connectivity between various blockchain platforms.</p> 
<p>These integrations encompass the integration of four of Chainlink’s core services across six distinct blockchain networks. Including Avalanche, Arbitrum, BNB Chain, Polygon Ethereum, and Optimism. The strategic move by Chainlink holds the promise of facilitating seamless communication between these <a href="https://thenewscrypto.com/chainlink-labs-and-tencent-cloud-join-forces-to-empower-web3-startups/" target="_blank" rel="noopener noreferrer nofollow">major blockchain</a> platforms, a crucial component in the evolution of the Web3 ecosystem.</p> 
<h2 class="wp-block-heading" id="h-chainlink-s-ccip-bridging-the-gap">Chainlink’s CCIP: Bridging the Gap</h2> 
<p>Chainlink’s latest mission is to bridge the gap between off-chain and on-chain data, with a particular focus on re-platforming <a href="https://thenewscrypto.com/chainlink-cross-chain-interoperability-protocol-revolutionizes-finance/" target="_blank" rel="noopener noreferrer nofollow">traditional financial</a> systems onto blockchain networks. This ambitious initiative will leverage Chainlink’s native system, the Cross-Chain Interoperability Protocol (CCIP).</p> 
<p>CCIP empowers decentralized finance (DeFi) applications to interact harmoniously with users and other DeFi platforms operating on diverse blockchains through a unified interface. Moreover, it streamlines the integration of traditional financial systems, allowing them to seamlessly transition onto both public and private blockchain networks. This streamlined process simplifies the migration of existing assets and financial services onto blockchain ecosystems.</p> 
<p>Further, according to Chainlink’s official <a href="https://blog.chain.link/product-update-q1-2023/" target="_blank" rel="noopener noreferrer nofollow">website</a>, the successful execution of this initiative carries the potential to draw trillions of dollars in new assets into the burgeoning world of blockchain ecosystems. Chainlink’s robust commitment to cross-blockchain interoperability positions it as a key driving force behind the advancement of the Web3 space, even in times of market volatility and unrest.</p> 
<h2 class="wp-block-heading" id="h-chainlink-link-performance">Chainlink (LINK) Performance</h2> 
<p>In the realm of cryptocurrency performance, Chainlink’s <a href="https://thenewscrypto.com/chainlink-link-is-on-investors-watchlist-heres-why/" target="_blank" rel="noopener noreferrer nofollow">native token</a>, LINK, stands out as one of the top performers for the month of September. In contrast to many altcoins, LINK experiences an initial surge in price when it enters exchanges, as per market intelligence Santiment.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full"> 
  <img decoding="async" width="859" height="515" src="https://thenewscrypto.com/wp-content/uploads/2023/09/LINK.png" alt="" class="wp-image-82866" srcset="https://thenewscrypto.com/wp-content/uploads/2023/09/LINK.png 859w, https://thenewscrypto.com/wp-content/uploads/2023/09/LINK-300x180.png 300w, https://thenewscrypto.com/wp-content/uploads/2023/09/LINK-768x460.png 768w, https://thenewscrypto.com/wp-content/uploads/2023/09/LINK-150x90.png 150w" sizes="(max-width: 859px) 100vw, 859px"> 
  <figcaption class="wp-element-caption"> <em>Chainlink (LINK) Price Chart (Source: CoinMarketCap)</em> 
  </figcaption> 
 </figure> 
</div> 
<p>Over the past two weeks, LINK has witnessed a price rally of 23%, attributed in part to a shift of exchange supply back into cold wallets. At the time of writing, Chainlink’s LINK is trading at $7.25, boasting a daily trading volume of $194 million. LINK’s price has surged by over 10% in the past week alone.</p>

Chainlink Forges Ahead with New Integrations, Boosting Blockchain Connectivity

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TheNewsCrypto

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