Hello everyone, this is Pippi, let’s talk about link coins today.

LINK coin is the native token of the Chainlink network, and its full name is Chainlink. It has multiple uses, including incentivizing node operators, payment data providers, governing network parameters, and more.

Chainlink is a decentralized oracle network designed to enable smart contracts to securely access external data sources, events, and payment methods. The oracle network is the key to solving the connection between blockchain smart contracts and external data sources.

Looking at the picture above, we can see that the LINK currency increased by +7.99% in 24 hours, the 24-hour trading volume was 63.3516 million, and the 24-hour trading volume was 5.365 billion.

Despite the recent sudden rise in Chainlink coins, the protocol has actually been hard at work without even realizing it. This year, it has joined forces with some of the world's largest financial institutions, such as ANZ, DTCC, Citi, BNY Mellon and more. What’s the reasoning behind these collaborations, and why should we care?

Tokenization of real-world assets has the potential to bring trillions of $ in market capital and, more importantly, fulfill the original goals of cryptocurrencies, which is to efficiently improve our outdated systems by making them more accessible to the average person. Financial system.

Chainlink is now in a decisive position to influence the success and mass acceptance of RWAs. Let’s dive deeper into the details!

As more and more institutions become interested in RWAs, Chainlink is absolutely delighted! Why? They're riding a wave of this surge in RWAs that could be their catalyst. RWAs need to import off-chain data, and oracles are the tools that help them do this.

Seriously, the popularity of the RWA protocol may have a big impact on Chainlink and other oracles. Institutions will be eyeing RWAs across different chains and cross-tokenization markets, which means oracles will have to increase the demand for their products.

Oracles act like a coordinator, helping financial institutions communicate with the blockchain world more easily. They eliminate complex blockchain interactions, allowing financial institutions to more easily access cross-chain, cross-currency RWAs.

It can be said that Chainlink will play an important role in this wave of RWAs. Now let’s see how they perform!

LINK coin has been on a rocket lately, rising rapidly from 5.9 $ to 11 $, which makes us ask: what is the driving force behind this? First, there are some key developments and updates happening in the Chainlink ecosystem, such as the upcoming Staking v0.2 platform. Secondly, there are five Chainlink services integrated into seven different chains, which is a major reason for LINK’s rise.

In addition, Chainlink has cooperated with financial entities such as SWIFT, which is huge news. Finally, the surge in TVL in the RWA field has also driven the rise of LINK, and everyone seems to be optimistic about LINK's development prospects.

Pippi believes that although there is still a big gap between LINK coin and DeF Summer’s historical high price of 50$, based on the current growth momentum, there is still a lot of room for growth. Let’s wait and see what the future holds for LINK.

Today’s article ends here, ~more good articles are waiting for you~

In the crypto industry, if you want to seize the next bull market opportunity, you must have a high-quality circle, so that everyone can stay together and maintain insight. If you are just one person, looking around at a loss and finding that there is no one around, it is actually very difficult to persist in this industry. Thanks for watching~