Chainlink is experiencing a surge in development activity, exceeding Ethereum and other prominent DeFi platforms according to on-chain analytics firm Santiment. This growth has been fueled by a recent partnership with Intercontinental Exchange (ICE) for integrating global forex and precious metals pricing data into Chainlink’s Data Streams. 863% increase in large transaction volume ($1.21 billion in 24 hours) shows significant whale activity is backing LINK.
The surge has sparked excitement within the crypto community, with price rally already reaching 28%. Analyst Michael van de Poppe predicts further gains, citing Chainlink’s undervaluation and potential to reach above $30. Meanwhile, Miles Deutscher highlights rising retail interest in Chainlink and XRP, noting his own purchase of LINK.
This partnership is a significant step towards bringing on-chain financial applications more robust. ICE’s Consolidated Feed will be accessible via Chainlink Data Streams, supporting 2,000+ blockchain applications and institutions. Chainlink aims to enable high-accuracy, low-latency pricing feeds for tokenized assets, automated settlements, and other institutional-grade blockchain services.
This move aligns with the broader push to integrate traditional financial instruments with blockchain technology.