Chainlink continues to be at the forefront in the decentralized finance space, having announced 12 new integrations within the last week into seven key blockchain networks. The company made all announcements across its social media channels, and through these, one learns that the services integrated include price feeds, proof of reserve, as well as cross-chain interoperability protocols, CCIP.
⬡ Chainlink Adoption Update ⬡
This week, there were 12 integrations of 3 #Chainlink services across 7 different chains: @arbitrum, @avax, @base, Bitcoin, @BNBCHAIN, @ethereum, and @Scroll_ZKP.
New integrations include @CIAN_protocol, @lista_dao, @LorenzoProtocol, @Pumpbtcxyz,… pic.twitter.com/T6YApkReB4
— Chainlink (@chainlink) November 10, 2024
New Integrations Across Multiple Blockchains
The latest update states that Chainlink services were adopted in the following blockchains:
- Arbitrum
- Avalanche (AVAX)
- Base
- Bitcoin
- BNB Chain
- Ethereum
- Scroll ZKP
The new deployments include applications like CIAN Protocol, Lista DAO, Lorenzo Protocol, PumpBTC, StakeDAO, Trize, and Vertex Protocol, which reflect the usability and the need for oracle services by Chainlink in various DeFi and blockchain scenarios.
Chainlink Services Adopted Breakdown
Chainlink service adoption update reveal:
- 4 new integrations of Price Feeds – because quality, trustable asset prices are paramount to DeFi applications.
- 3 new integrations of Proof of Reserve – in order to be transparent and solvent over the decentralized system.
- 5 new integrations of CCIP (Cross-Chain Interoperability Protocol) – facilitating seamless cross-chain communication and interoperability.
Why This Matters for Chainlink’s Price
With every integration, demand rises for Chainlink. A linkage is a basic layer for a DeFi project. Through integrating real-world data with the blockchains, Chainlink raises the reliability of the smart contract while making it applicable in fields of practice. A rise in adoption can increase Chainlink’s price since LINK is the token used for paying within the network and rewarding node operators.
This week’s integrations are just an example of how Chainlink is playing a role in the multi-chain future of DeFi, which might be a potential strength for investor sentiment around the trajectory of the LINK price forecast. As the project continues to expand across leading blockchain networks at relentless pace, Chainlink stays at the forefront of decentralized data solutions.
