18 protocols integrated Chainlink so far in July
-
In total, there are more than 2,400 developments that implement the Chainlink oracles.
-
Despite this growth, the price of Token Chainlink (Link) is 74% below its ATH.
Chainlink, a decentralized oracle network that connects cryptocurrency networks with external information, has added 18 new protocols between June 30 and July 6.
These integrations are distributed among 7 different services and were deployed in the base networks, BNB Chain, Botanix, Ethereum, Katana, Metis Andromeda, Optimism, Polygon, Solana and Soneium.
Among the new integrations with Chainlink are projects such as Akation, Botanix Labs, Degen Arena Game, Katana, Lightspeed Coin, Mansory Official, Matrixdock, Metis L2, Palladium Labs, Spiko Finance and Xstocksfi.
These initiatives cover use cases ranging from asset token to decentralized finance solutions (defi) and applications of Gaming in various cryptocurrencies.
These projects take advantage of the Chainlink Oracles, mainly the interoperability protocol between chains (CCIP) for safe transfers of tokens and data between networks, and market delivery in real time, such as cryptocurrency prices for defi and non -fungible tokens applications (NFT).
In the case of Degen Arena Game, a web3 that seeks to break with traditional advertising, could use the verifiable random functions (VRF) for verifiable randomness in games or raffles, as in raffles or mechanics of rewards.
In this way, there are more than 2,400 projects used by Chainlink oracles to safely connect intelligent contracts with data and services from the outside world.
However, despite this growth, it should be noted that the price of the native token of the network, Chainlink (link), is 74% below its historical maximum (ATH) of 52 dollarsreached in May 2021.
David Zanoni, cryptocurrency market analyst, projects that Link can reach 100 dollars in October 2025. For him, the network has “a significant rising potential due to the utility that the network has in the real world”, as has reported cryptootics.
Although it seems difficult for link to reach that price, If the integrations of new protocols that use their oracles continuethe demand of Token Link could be increased, which would boost its market value.
