Chainlink is the biggest gainer, rising 20% ​​following the announcement of the DTCC partnership

After announcing a new initiative, the Chainlink token has become a growing leader in the cryptocurrency market.

Second CoinMarketCap data, Chainlink (CONNECTION) has outperformed other cryptocurrencies in the last 24 hours, gaining more than 20%. The price of the coin increased by more than 3 dollars, going from 13.69 dollars to 16.71 dollars in a few hours.

LINK’s trading volume growth has been even more notable, surging 335% in the past 24 hours to $1.34 billion.

Source: CoinMarketCap

Healthcare data Shows that LINK’s market capitalization increased by 14% in eight hours. Whale numbers also increased by more than 4% to more than 564,000 in just five weeks.

Source: Most Holy

Experts predict that bullish conditions will arise if social dominance and the fear of missing out fade (FOMO) does not take over.

Why is LINK on the rise?

LINK’s growth comes shortly after Depository Trust and Clearing Corporation (DTCC) has completed a pilot project with blockchain oracle Chainlink and several major US financial institutions.

The Smart NAV project aims to accelerate the tokenization of funds and create a standardized process for generating and distributing funds’ net asset value (NAV) data on virtually any private or public blockchain using the Chainlink CCIP interoperability protocol.

Chainlink introduces Transporter for cross-chain transfers

Last month, the company Also launched the Transporter app to help move crypto assets and data across multiple networks. The team behind the app said that it is a cost-effective solution for transferring high-value tokens on blockchain and offers users a secure transaction experience.

The Transporter is already available on a range of blockchains, including Referee, Avalanche, Basic, BNB chain, Ethereum, Optimism, Polygonand WEMIX, marking Chainlink’s entry into the growing field of blockchain bridges.

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