Chainlink Rises as Dominant RWA Large-Cap Option Following a 50% Biweekly Increase

Chainlink (LINK), an altcoin, has seen a significant surge in the past 30 days, almost on par with Ether. Chainlink is poised to benefit greatly from the institutionalization of crypto and the boom of stablecoins, tokenization, and real-world assets (RWAs), serving as the crucial oracle infrastructure for all tokenized assets. Several factors could propel Chainlink’s growth, including the burgeoning tokenized RWA sector, worth over $25 billion, and the recognition by institutions of the need for a more efficient system than the outdated SWIFT.

Chainlink, with an 84% share of the Ethereum oracle market and 68% across all DeFi, is widely regarded as the industry standard for price oracles. Additionally, Chainlink has established traditional finance integrations and a robust tokenomics model. Despite a 50% surge in the past two weeks, LINK still has considerable room for growth.