Chainlink Price Soars 8% to $24.07 as TVS Surpasses $93B
Chainlink price jumped over 8% in 24 hours to a six-month high of $24.07. The rally coincided with its Total Value Secured (TVS) topping $93 billion, up 90% year-to-date. Recent protocol upgrades have driven demand: Chainlink launched Data Streams for US equities and ETFs, and rolled out the on-chain Chainlink Reserve, which has added over $1 million in LINK from off-chain revenues. The network also partnered with ICE to provide real-time on-chain FX and precious metals pricing. Traders may view these developments—alongside past highs near $30 in December and the May 2021 ATH at $52.88—as indicators of sustained adoption and bullish momentum for LINK.
Bullish
The surge in Chainlink’s price alongside TVS exceeding $93 billion underscores growing demand and confidence in the network. Short-term, new services like Data Streams and the on-chain Reserve protocol attract traders seeking quick gains on bullish momentum. The ICE partnership further legitimizes Chainlink’s pricing solutions, likely spurring additional buying pressure. Long-term, sustained TVS growth and institutional collaborations enhance Chainlink’s utility and adoption, supporting continued upward price potential. Historical upticks following major upgrades reinforce a positive outlook for LINK.