Santiment revealed via Twitter that something is indeed brewing with Chainlink. According to Santimentfeed, the blockchain analytics platform has detected three massive whale transactions involving LINK, all of which took place within a short span of just 11 minutes during the final hours of Friday.
Sources close to the development indicate that a whopping 11.6 million LINK tokens, valued at an estimated $79.7 million, were moved in total to whale wallets during this time period. This sudden and substantial movement of funds has raised eyebrows within the cryptocurrency community, leading many to speculate about the possible implications for the future of the network.
With its decentralized oracle network and ability to connect smart contracts to real-world data, Chainlink has been a popular choice among cryptocurrency investors and developers alike. However, this recent surge in whale transactions has left many wondering what could be the cause behind this sudden movement of funds.
Experts in the field suggest that this could potentially signal a major development or announcement in the works for the network. Such large transactions are often associated with big players in the industry making strategic moves. As the cryptocurrency market evolves, only time will tell what lies ahead for the network and its investors.
Chainlink & Base Team Up to Boost dApp Development
In the latest developments of the network, Chainlink Price Feeds are now available on Base testnet, a new Ethereum L2 incubated by Coinbase. The integration allows developers building on Base to access Chainlink Data Feeds and other web3 services.
The Base is also participating in the network’s SCALE program, which covers the operating costs of Chainlink services and reduces gas costs incurred by Chainlink nodes. The initiative aims to accelerate the growth of blockchain and Layer-2 ecosystems sustainably.
Niki Ariyasinghe, the Global Head of Blockchain Partnerships at Chainlink Labs, has expressed enthusiasm for supporting Base and the SCALE program with the aim of enhancing the ecosystem’s growth and long-term adoption of the Base Layer-2 network.
The resources allocated will aid Base in becoming a secure and highly functional layer-2 solution within the Ethereum ecosystem, enabling it to facilitate secure and high-performance applications.
Additionally, Jesse Pollak, Base lead, also expressed excitement about the collaboration, saying:
We’re super excited to launch Base with collaborators such as Chainlink and to join the Chainlink SCALE program to empower developers with the critical data and services they need to build their applications.
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