TLDR
Chainlink (LINK) hit $29.45, its highest price since January 2022, with a 119% increase over the past month and futures open interest reaching an all-time high of $860 million
Trump-backed World Liberty Financial purchased $2 million worth of LINK tokens over two days, making it their fourth-largest holding after ETH, BTC, and USDT
World Liberty Financial is using Chainlink’s services for price data and cross-chain interoperability in their crypto lending and borrowing platform
Chainlink expanded its ecosystem through partnerships with Emirates NBD bank, Coinbase’s Project Diamond, and SWIFT for institutional payment solutions
The protocol launched its Cross-Chain Interoperability Protocol on Ronin network, enabling token transfers between Ethereum, Ronin, and Base blockchain
Chainlink’s LINK token has reached $29.45, marking its highest price point since January 2022. The surge comes as World Liberty Financial, a crypto platform backed by Donald Trump, made two consecutive $1 million purchases of LINK tokens.
The token showed strong performance over recent weeks, posting a 20% gain in seven days and a 119% increase over the past month. This growth positions LINK as one of the top performers in the cryptocurrency market according to data from CoinGecko.
World Liberty Financial’s latest investment in Chainlink occurred through two separate purchases. The platform bought $1 million worth of LINK tokens on consecutive days, bringing their total Chainlink investment to $2 million. This makes LINK the fourth-largest holding in World Liberty Financial’s portfolio, following their positions in ethereum, bitcoin, and tether.
Trump’s World Liberty(@worldlibertyfi) bought 37,052 $LINK($1M) at $27 and 685 $AAVE($246.7K) at $360 again.
Since Nov 30, #WorldLiberty has spent:
30M $USDC to buy 8,105 $ETH at $3,701;
10M $USDC to buy 103 $cbBTC at $97,181;
2M $USDC to buy 78,387 $LINK at $25.5;
1.25M… pic.twitter.com/l9nnv9Ry94
— Lookonchain (@lookonchain) December 13, 2024
The platform’s investment strategy extends beyond Chainlink, as shown by their additional purchase of $246,000 worth of Aave tokens. World Liberty Financial operates as a unified platform that enables users to borrow and lend cryptocurrencies, create liquidity pools, and conduct transactions with stablecoins.
Futures market activity for LINK has seen notable growth, with open interest reaching a record high of $860 million. This figure surpasses the open interest of competing tokens like Toncoin at $259 million and TRON at $356 million. The combination of rising prices and increasing open interest suggests new capital entering the market.
World Liberty Financial’s adoption of Chainlink services goes beyond token purchases. The platform uses Chainlink’s infrastructure for price data and cross-chain interoperability, integrating these features into their broader crypto ecosystem.
Chainlink’s recent growth includes several key partnerships with major financial institutions. Emirates NBD, one of the largest banks in the UAE, partnered with Chainlink to enhance their digital asset tokenization capabilities. This move represents a growing trend of traditional banking institutions entering the blockchain space.
Chainlink Price on CoinGecko
The protocol’s expansion continued with Coinbase’s Project Diamond integration, which aims to provide infrastructure for tokenized asset management. This partnership strengthens Chainlink’s position in the institutional cryptocurrency market.
SWIFT, the global financial messaging system, collaborated with Chainlink to develop an institutional payment solution. This partnership potentially opens doors for broader adoption of blockchain technology in traditional banking systems.
Technical developments include the launch of Chainlink’s Cross-Chain Interoperability Protocol on the Ronin network. This feature enables token transfers between multiple blockchains, including Ethereum, Ronin, and Coinbase’s Base blockchain.
Developer activity around Chainlink remains strong, with the protocol leading among ERC-20 projects in developer engagement over the past month. Arthur Azizov, CEO of B2BINPAY, highlighted Chainlink’s role in blockchain interoperability and its close ties to the Ethereum ecosystem.
In Europe, Chainlink partnered with 21Shares to launch an EU-regulated service for trading and settling tokenized securities, expanding their presence in regulated markets.
The token purchases by World Liberty Financial came after their November announcement of integrating Chainlink’s services. Since this integration, LINK’s price has increased by more than 130%.
Market data shows LINK achieved new price levels in Asian trading hours on Friday, accompanied by the surge in futures open interest above $860 million. This metric indicates the number of outstanding futures contracts and often serves as an indicator of market sentiment.
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