Chainlink (LINK) is one of the leading Oracle projects. Chainlink (LINK), which has added 281 new projects to its ecosystem this year, is subject to the attention of very serious projects. Huobi The ECO chain, HEDERA DAO, and Alchemix only a few of them, well-known crypto currency analysts are counting on this growth momentum, believing that the price will increase by 100%.
Chainlink(LINK)’s VRF feature has been active for about 1 year and attracts DApp applications with its advantages. This automatic randomized feature, which ensures a verifiably fair distribution of rewards, is of great interest.
For example, 13 days ago, Arbitrum launched an integrated test network with the oracle blockchain. Currently, Arbitrum, a layer2 Ethereum scaling solution, is targeting a Proof of reserve feature that allows secured assets to be audited using an oracle provider.
Chainlink, aims to synchronize off-chain data, services with smart contracts by providing secure connectivity. Especially DeFi, NFT and this service, which is extremely important for social networks, attracts many major players Chainlink (LINK)’e is leading.
Majority of shares Switzerland which belongs to the government of Swiss for blockchain-based projects LINKED he preferred his ecosystem. The company has 6 million active subscribers and is one of the largest Telecom companies in the country.
The Chainlink (LINK) Ecosystem Is Growing
Ethereum-based employee Bancor, DEX and is a liquidity provider. In the announcement made about two weeks ago, for external triggers that will be used in future versions ChainlinkKeepers it was announced that it will be working in partnership with. This tool simplifies the stake experience for liquidity providers and automates advanced trading features.
Bancor is a project with a TVL of about 1.5 billion dollars. So Chainlink (LINK) the fact that any module in the network will serve will make a serious contribution to the LINK ecosystem. Even just this news DApp it shows how the community looks at Chainlink (LINK) in terms of benefit generation.
the decline from $ 30 10 days ago has pulled the price up to the level of $ 24.4 today. However, analysts and Chainlink (LINK) derivatives data point to a target of $ 40 in the medium/long term.
Of course, cryptocurrency markets are extremely risky, and the information shared here does not contain investment advice.