Chainlink (LINK) has jumped to the forefront of cryptocurrency development, attracting new investor interest, recently surpassing Ethereum (ETH) in GitHub activity.
This momentum aligns with Chainlink's interoperability protocol CCIP, which successfully facilitated the exchange of Hong Kong's CBDC with the Australian dollar stablecoin. This initiative was successfully implemented under Hong Kong's e-HKD+ pilot program.
Meanwhile, the second week of June sparked momentum for LINK, with a 12% intraday rise following the announcement, pushing the price above $15.00, marking a more than 20% increase since June 6.
CCIP has become a core advantage for its ecosystem's growing presence in the real world. This has reignited optimism about the long-term value proposition of the LINK token. As a result, experts remain optimistic, with some predicting its price will soon reach $30.
Chainlink has outpaced RWA development in the past 30 days.
According to a recent sentiment study, Chainlink is the leading RWA tokenization infrastructure provider among the top 10 cryptocurrencies. It ranks first in development, with a development activity count of 449 in the past 30 days, while the lowest-ranked Chainlink development activity count is 43.27.
Furthermore, the latest insights shared on June 11 show that LINK's development activity has risen by 7.7% in the past 30 days, while ETH increased by 6.3%. This is encouraging, as both LINK and ETH experience explosive growth driven by development activity. In the past 30 days, LINK ranked second in GitHub events, while ETH placed eighth.
As LINK deepens its connections with major financial institutions and implements high-profile pilot projects, its dominance on GitHub continues to rise, and its top position among RWA providers suggests an optimistic outlook for LINK against the backdrop of an increasingly bright future for the entire cryptocurrency industry.
