The post Chainlink Secures Two New Partnerships and Integrations- Will LINK Price Surge? appeared on BitcoinEthereumNews.com.

Cryptex Finance has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) with Ethereum and Base. Chainlink’s LINK token has rebounded by 20% after a drop earlier this week, with increased network activity. Cryptex Finance has announced its integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across the Ethereum and Base networks. This move positions Cryptex Finance to leverage Chainlink’s industry-standard solution for seamless cross-chain transfers, enhancing accessibility and interoperability within the multi-chain ecosystem. The integration is especially valuable for the MEEM token, which can now take advantage of the enhanced cross-chain capabilities. DeFi platform @CryptexFinance has integrated #Chainlink CCIP across @base and @ethereum. The industry standard enables cross-chain transfers for MEEM, expanding access across the multi-chain ecosystem. pic.twitter.com/CqMEJ56tVN — Chainlink (@chainlink) August 7, 2024 This partnership is a strategic move for Cryptex Finance since it aligns with the current interoperability trend in the DeFi space. Cryptex Finance intends to provide a more convenient and efficient solution by integrating Chainlink’s CCIP, thus promoting DeFi protocols across different blockchain networks.  Increased Chainlink Network Activity Signals Potential Accumulation Phase After a significant drop earlier this week, the price of Chainlink’s LINK token has risen by 20%. This recovery has been seen in tandem with an increase in network usage, suggesting that both investors and users are returning.  According to IntoTheBlock, an analytics platform, the number of active Chainlink addresses has increased. This rise is the highest since May and points to a new trend in the cryptocurrency market. The increased number of active addresses points to increased activity, with LINK holders remaining strong amidst market volatility.  The recent uptick in active LINK addresses occurs when other assets are seeing outflows from exchanges. Typically, such movements signal a potential accumulation phase.  This has been quite evident, especially given the current market situation, which has been characterized by…

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Filed under: News - @ August 11, 2024 9:02 am