Chainlink Surges 10.5% on $93B DeFi Record, ICE Partnership

Published: 2025-08-13 00:19:12 |

Chainlink (LINK) jumped 10.5% to $24.20 on Aug 12, driven by two catalysts: a strategic partnership with Intercontinental Exchange (ICE) and a new DeFi milestone. The collaboration integrated ICE’s institutional-grade FX and precious metals data feeds into Chainlink oracles, granting over 2,000 applications on-chain access to tamper-resistant market data. Concurrently, Chainlink’s Total Value Secured (TVS) across DeFi protocols hit an all-time high of $93 billion. This news spurred a 33% intraday surge in LINK derivatives volume to $3.8 billion and record open interest of $1.4 billion. Technical indicators show a bullish trend, with RSI at 72.4 and prices trading above the 5-day ($21.70) and 8-day ($20.01) SMAs. Next resistance sits at $25.19, with potential upside to $27 if momentum persists, although profit-taking could test supports at $21.70 and $20.01.

Bullish

Chainlink’s 10.5% price surge following an ICE data partnership and a record $93 billion TVS milestone is a bullish signal for the market. Historically, similar protocol upgrades and institutional collaborations have driven confident investor entry, as seen when Chainlink’s previous data feed integrations fueled rallies in 2024. The spike in derivatives volume (+33%) and open interest ($1.4 billion) indicates strong speculative demand. Technical indicators, including RSI above 70 and prices trading above key SMAs, support continued upward momentum. Short-term traders may target the $25.19 resistance, with a breakout potentially pushing LINK toward $27. However, overbought conditions could trigger profit-taking around current levels, offering healthy pullbacks to $21.70 or $20.01 as consolidation zones. Long-term, the integration of ICE’s institutional-grade feeds could enhance on-chain data reliability, attracting more DeFi projects to Chainlink’s ecosystem and underpinning further price appreciation. Overall, this news boosts market sentiment, signaling sustained bullish bias for LINK and related DeFi tokens.