Chainlink Breaks Strongly with On-Chain Treasury and Strategic Collaboration

Chainlink (LINK) is becoming the focal point of the cryptocurrency market with remarkable advancements. The price of $LINK has surged over 50% in just the first two weeks of August, supported by solid fundamentals and increasing acceptance from traditional financial institutions.

Momentum from Real Demand and Capital Inflows

The rise in LINK's price is not only due to market waves but also real demand. Futures volume reached a record $1.5 billion, and whales have accumulated over 580,000 LINK (approximately $13.8 million) in just two weeks. This indicates the long-term confidence of investors in the potential of #Chainlink . Experts like Altcoin Sherpa and Zach Humphries also believe that LINK is undervalued and could aim for the $30 mark in the near future.

On-Chain Treasury and Strategic Collaboration

One of the main drivers is Chainlink's launch of Chainlink Reserve, an on-chain treasury that automatically accumulates LINK from revenue sources, creating a sustainable bridging mechanism. In just the first week, this fund added 44,110 LINK.

More notably, Chainlink announced a partnership with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (#NYSE ). This agreement allows traditional financial data (foreign exchange, precious metals) to be brought onto the blockchain through Chainlink Data Streams, demonstrating that traditional financial institutions (TradFi) are genuinely interested in blockchain infrastructure and see Chainlink as the mainstream bridge between TradFi and DeFi. #anh_ba_cong