Chainlink Expands Reach With 14 Integrations Across Leading L1s and L2s

• Chainlink announced 14 new integrations in just one week, reaffirming its position as a leading Oracle network.
• LINK price is eyeing new targets as retail and institutional investors show more commitment to the token.

Chainlink (LINK) announced 14 new integrations across five services and 11 chains, spanning both Layer-1 and Layer-2 networks. The new Layer-1 integrations include Bitcoin, Solana, Tron, and Aptos, while the Layer-2 additions are Arbitrum, Base, and Avalanche.

The remaining integrations involve specialized EVM chains such as Bittensor EVM, HyperEVM, and Injective EVM. According to the announcement, the 14 integrations support 10 key projects across DeFi, stablecoins, and exchanges. These include alloc8, Bittensor, ChaosChain, Ducat, Hastra, Helix, Injective, Pandora, Spicenet, and Unstable Coin.

Each leveraged the Chainlink network for critical functions such as price accuracy and cross-chain bridging.

As noted in our earlier post, Injective integrated with Chainlink Data Streams to ensure its developers enjoy a fast time-to-market. The Chainlink Data Streams is known for its low-latency market data with up to sub-second delivery.

The integration also helped Injective to improve institutional reliability. Intriguingly, this collaboration happened on the first day of the Injective EVM mainnet launch. 

Shortly after the Injective integration, Chainlink announced a partnership with the new DeFi platform, Hastra. In our last update, we examined how Hastra, backed by Figure, tapped a partnership with Chainlink to expand its offerings.

Specifically, Chainlink has become the official oracle infrastructure of Hatra. As a result, Hastra is allowed to leverage the Chainlink infrastructure across all its yield primitives to deliver high-integrity data. 

Additionally, PRIME, wYLDS, and any future yield products from Hastra would function reliably and securely across the Solana blockchain. 

As regards Unstable Coin, the stablecoin utilized Chainlink oracles for redemption and cross-chain transfers. Similarly, Bitcoin-native stablecoin protocol Ducat utilized Chainlink Price Feeds to ensure peg stability on different chains.

This aligns with a recent report that highlighted the Chainlink Proof of Reserve as a key factor in stablecoin security. These integrations enable developers to build more reliable, secure, and scalable decentralized applications (dApps).

LINK Set for Bullishness Amid Renewed Investor Interest

The price of LINK appears quite stable and is showing signs of recovery from recent downtrends. As of this writing, LINK is down only 0.78% over the past 24 hours to $12.36. LINK trading volume also surged moderately by 8.3% to $593.8 million, suggesting increased market activity.

In previous cycles, when trading volume surges, the market often rallies as investors accumulate more tokens. In the current cycle, the LINK price is in a consolidation phase. As mentioned in our previous news brief, LINK whales are actively moving their tokens. This has analysts forecasting targets as high as $19 for LINK.