Disclaimer: The opinions expressed by our writers are their own and do not represent the views of InkByte. The financial and market information provided on InkByte is intended for informational purposes only. InkByte is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
is up 10% in the last 24 hours, according to CoinMarketCap data. The Chainlink network continues to integrate with multiple DeFi protocols and GameFi projects. As a result, its adoption has been growing.
On Dec. 7, Solarbeam, the largest DEX on Moonriver's Kusama-based parachain, announced integrating Chainlink into its upcoming lending and borrowing Platform on Moonriver. Before that, Dogecoin rival Floki Inu stated that it integrated Chainlink to bring decentralized finance or DeFi functions to its community.
Chainlink develops oracle networks that connect real-world data to blockchain-based smart contracts. Chainlink's network activates and secures more than $80 billion in value locked in smart contracts across several blockchains in industries including DeFi, insurance and gaming, thanks to node operators like Deutsche Telekom's T-Systems, Swisscom and the Associated Press.
LINK, the native asset of the Chainlink Network, is steadily climbing for the third day after it rebounds from sell-off lows of $16.72. LINK is presently trading at $22.44 and ranks 21st by market capitalization.
InkByte Editorial Team
Dan Burgin
