Over the past week, Chainlink [LINK] has continued to not only shatter several barriers along the way but has also been the only token among the top tens to have recorded more than 25% of gains. As the token flashed signs of immense strength, Chainlink has added yet another integration.
This time, the multi-asset DeFi platform, Kava Labs announced the integration of its first app called HARD Protocol, which is essentially a cross-chain money market built on the Kava blockchain with Chainlink’s widely used price reference data oracles from the Kava blockchain.
It is important to note that Kava was one of the first platforms in the industry to bring Chainlink to Cosmos. With the latest integration, Kava revealed that the Hard money market application will now be able to access accurate, real-time price feeds for digital assets, fiat currency, interest rates, FX rates, and other financial data leveraging Chainlink’s oracle solution.
In yet another crucial development, Chainlink was reportedly being integrated into Agoric, which is a distributed platform for developing smart contracts using JavaScript, thus leading the way in a new age for DeFi developers.
Chainlink [LINK] Price Appreciation
Chainlink has become one of the most popular infrastructures enabling interoperability of smart contracts. Its token’s price has so far positively reacted to the recent developments. Despite minor bumps along the way, LINK has managed to maintain a consistent upward trajectory in terms of its valuation and was being traded at $12.76, at the press time.
If the bulls manage to defend the support, this level could help push the token back up to its all-time highs of $20.00
Growing Non-Exchange
TWJ had recently reported that LINK‘s top 100 non-exchange whales have expanded their position and have increased their token holdings significantly of late. The persistent trend of accumulation that was happening outside regular cryptocurrency exchanges coincided with several platforms announcing the integration of its price feeds in the recent months.
This essentially signaled that the LINK whales were playing the long game. LINK’s offline increase in tokens at the current pace further evidenced the confidence in the asset from those with most at stake.