LINK (#LINK采用消息走强 $LINK ) has recently seen a series of significant adoption developments, including institutional partnerships and ETF listings. These developments have collectively boosted its market attention and strengthened its fundamentals. Key positive news includes:
1. Mastercard fiat -to-DeFi channel launched: On December 10th, Swapper Finance, in partnership with Mastercard and Chainlink, launched a service allowing direct fiat-to-DeFi access. Leveraging Chainlink's proof-of-reserve technology, this service covers 15+ platforms, enabling Mastercard's 3.5 billion users to easily convert between fiat currency and crypto assets. This significantly expands the application scenarios of Chainlink's oracle services, indirectly increasing demand for the LINK token.
2. Grayscale LINK spot ETF performs strongly: The Grayscale GLNK ETF was listed on the NYSE on December 2nd. As of December 9th, it had received a net inflow of $67.55 million, and its zero-fee design has attracted a large number of traditional investors. This ETF not only brought stable institutional funds to LINK but also drove its price up by as much as 25% after listing, significantly improving its market liquidity.
3. Coinbase adopts the CCIP protocol to build an asset bridge: Coinbase recently announced that it has selected Chainlink's Cross-Chain Interoperability Protocol (CCIP) to build a new cross-chain bridge for its $7 billion worth of encapsulated assets. This collaboration is a significant endorsement of Chainlink's cross-chain technology, further solidifying its position in the field of cross-chain connectivity and tokenization infrastructure.
4. Inclusion in holdings by institutions such as Bitwise: On December 10th, Bitwise launched its "Top 10 Crypto Index ETF," listing LINK as a core holding asset. The fund manages over $1 billion in assets. In addition, Nasdaq-listed Caliber has also begun staking LINK to earn returns, initially investing 75,000 tokens. This continued institutional investment highlights the recognition of LINK's long-term value.
However, affected by the recent overall weakness in the crypto market, LINK fell back to $13.43 on December 11th. As of 11:00 AM on December 13th, its price was $13.72, with a market capitalization of $9.56 billion. It is currently consolidating around the strong support level of $13. If it can subsequently hold above the resistance level of $16, it will likely initiate a new round of upward movement.
