2024

Dynamic

Chainlink

Time

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Chainlink (LINK) is up by 20% in the past 24 hours, according to data from CoinMarketCap.</li> 
 <li>LINK is trading above $16.6.</li> 
</ul> 
<p><a href="https://crypto.ro/en/predictions/chainlink-link-price-prediction/">Chainlink (LINK)</a> is up by 20% today, according to data from <a href="https://coinmarketcap.com/currencies/chainlink/#Chart" rel="nofollow noopener" target="_blank">CoinMarketCap</a>. The token is trading above $16.6 at the moment of writing this article.</p> 
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<p>The current market cap of LINK is currently above $9.7 billion.</p> 
<p>On their X account, the team behind Chainlink announced followers that the largest financial institutions in the world are currently working with them in order to bring capital markets on-chain and access the tokenized asset economy.</p> 
<p>The team behind the project explains how Chainlink is transforming global finance. DTCC announced its Smart NAV industry pilot with Chainlink and ten major market participants.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en">The largest financial institutions in the world are working with <a href="https://twitter.com/hashtag/Chainlink?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Chainlink</a> to bring capital markets onchain and access the tokenized asset economy.</p> 
 <p>How Chainlink is transforming global finance <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f9f5.png" alt="🧵" class="wp-smiley" style="height: 1em; max-height: 1em;"></p> 
 <p>— Chainlink (@chainlink) <a href="https://twitter.com/chainlink/status/1791247526944702628?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">May 16, 2024</a></p>
</blockquote> 
<p>In the original <a href="https://www.dtcc.com/dtcc-connection/articles/2024/may/16/smart-nav-pilot-report-bringing-trusted-data-to-the-blockchain-ecosystem" rel="nofollow noopener" target="_blank">blog post</a>, DTCC notes that as a trusted Financial Market Infrastructure (FMI) and a partner to financial market participants for over 50 years, they are well-positioned to support the industry’s ongoing exploration of digital assets and their application in financial services.</p> 
<p>As a part of this exploration, DTCC developed a new pilot called Smart NAV which leveraged DTCC’s digital asset capabilities and Chainlink, the leading tech platform for cross-chain interoperability and blockchain abstraction.</p> 
<p>The team behind Chainlink also noted that the platform provides institutions with a vast array of services that are required for a complete tokenized asset strategy:</p> 
<ul> 
 <li>On-chain Data (NAV, PoR)</li> 
 <li>Cross-chain interoperability</li> 
 <li>Blockchain Abstraction</li> 
 <li>Dynamic Synchronization</li> 
</ul> 
<p>They also shared<a href="https://x.com/chainlink/status/1791247533190033699" rel="nofollow" target="_blank"> a video</a> of co-founder Sergey Nazarov’s 25-minute deep dive to understand how Chainlink is uniquely positioned to offer a global standard that solves the long-standing fragmentation across traditional financial markets.</p> 
<h2 id="what-is-chainlink-link">What is Chainlink (LINK)?</h2> 
<p>Chainlink was founded back in 2017 and it’s a blockchain abstraction layer that enables universally connected smart contracts. Via a decentralized oracle network, Chainlink allows blockchains to securely interact with external data feeds, events, and payment methods.</p> 
<p>It provides critical off-chain info needed by complex smart contracts to become the dominant form of digital agreement.</p> 
<p>The network is driven by a large open-source community of data providers, node operators, smart contract devs, researchers, security auditors, and more.</p> 
<p>The company is focused on ensuring that decentralized participation is guaranteed for all node operators and users who are looking to contribute to the network.</p> 
<p>LINK token aims to incentivize a global network of computers to offer reliable, real-world data to smart contracts.</p>

Why Chainlink (LINK) Is Up By Over 20% Today

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