LINK (Chainlink) rose 15.27% in the last 24 hours.

Gate News Bot news, on August 8, according to CoinMarketCap, as of the time of writing, LINK (Chainlink) is currently priced at $19.35, having pumped 15.27% in the last 24 hours, with a high of $19.25 and a low of $15.46. The 24-hour volume reached $1.411 billion. The current market capitalization is approximately $13.122 billion, which is an increase of $1.739 billion compared to yesterday.

Chainlink is the infrastructure of blockchain. Chainlink is the only platform that can provide secure data, cross-chain interoperability, and decentralized computation for financial institutions and blockchain, supporting advanced on-chain applications. Trusted by global institutions such as Swift, Euroclear, and Fidelity, Chainlink has enabled hundreds of trillions of dollars in on-chain transactions for tokenized assets, DeFi, and capital markets.

Important news about LINK recently:

1️⃣ Chainlink Launches Strategic LINK Reserve Plan Chainlink announced the launch of the "Chainlink Reserve" strategic LINK reserve pool, aimed at accumulating LINK tokens generated from enterprise integrations and on-chain service revenues. This reserve automatically converts various payment forms from enterprises and on-chain services into LINK through the Payment Abstraction mechanism, and has currently accumulated over $1 million in LINK. This move is expected to increase the demand and value of LINK, providing support for the LINK price.

2️⃣ US Stocks and ETF Data Stream Launched Chainlink has launched a data stream for US stocks and ETFs, covering 37 leading assets across different blockchain networks including SPY, CRCL, QQQ, NVDA, AAPL, and MSFT. Developers can now access real-time, context-aware US stock and ETF data directly on-chain, supporting applications such as tokenized stock trading, perpetual futures, and synthetic ETFs, thereby expanding Chainlink's use cases.

3️⃣ New pricing mechanism optimizes long-tail asset price accuracy Chainlink has launched the State Pricing mechanism, aimed at providing optimized price accuracy, market resilience, and liquidity assessment capabilities for long-tail crypto assets with limited trading volume on centralized exchanges but significant on-chain liquidity. This mechanism has gone live on the mainnet, initially supporting assets such as wstETH, GHO, LBTC, cbBTC, ezETH, and tBTC, with plans to expand to more assets, public chains, and DEXs in the future, which is expected to enhance Chainlink's competitiveness in the DeFi space.

From a technical perspective, the LINK price has broken through previous highs and is showing strong bullish momentum in the short term. On the fundamental side, Chainlink continues to roll out new features and optimization measures, constantly expanding its influence in the blockchain infrastructure sector, providing support for the long-term value of LINK.

This message does not constitute investment advice; investors should be aware of market volatility risks.