Chainlink Announces New Milestone Achievement as Price Remains Largely Unchanged

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.



The decentralized blockchain oracle network Chainlink has announced a new milestone in a recent tweet. The network has reportedly surpassed $7 trillion in “transaction value enabled” (TVE) since 2022.

TVE is a flow metric that measures the aggregate USD value of on-chain transactions facilitated by Chainlink oracles across 12 different blockchains.

This is a significant achievement for the network, which serves as a key Web3 infrastructure. With over 1,000 Oracle networks launched and native support for more than a dozen major blockchains, Chainlink is seeing steady growth in its ecosystem.

Currently, there are over 1,600 projects that have integrated Chainlink Oracle services, including DeFi, NFTs, gaming, and insurance.

Chainlink’s recent success is also reflected in its social volume, which reached all-time highs according to on-chain analytics firm Santiment. This can be attributed to the network’s proof-of-reserve advantages, which have become increasingly important in the cryptocurrency industry.

Following the collapse of FTX, many users have demanded proof of reserves from exchanges. Stablecoin-wrapped tokens and blockchain bridges have used Chainlink’s proof of reserve to increase transparency on the reserves underlying on-chain assets.

Looking forward, Chainlink plans to expand its monetization model by building an enhanced payment model across its services. In this new model, payments can be made in LINK or other assets, including native tokens, at a higher rate compared to LINK payments.

These payments in other assets can then be converted into LINK, leading to an increase in LINK utility. This move is expected to further solidify Chainlink’s position as a leading Web3 infrastructure provider.

 

You can purchase Lucky Block here. Buy LBLOCK

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *