Chainlink’s accelerating growth can be attributed in part to its recent partnerships with high-traffic blockchain networks. TRON now relies on Chainlink as its core data oracle, solidifying the oracle provider’s foundational role on one of the busiest networks in the industry. On Solana, the largest lending platform, Kamino Finance, integrated Chainlink’s services in May—adding more than $2 billion in TVL. Jupiter Exchange also turned to Chainlink’s Data Streams for its perpetual markets, adding $2.7 billion in safeguarded value.
Additional projects like CIAN contributed another $900 million, further expanding Chainlink’s On-Chain Verifiable Supply. Moreover, ongoing integrations with Aave underline Chainlink’s vital role in enabling secure, real-time data sharing across the DeFi ecosystem.
LINK Price Stalls Despite Bullish Fundamentals
Despite Chainlink’s impressive ecosystem developments, the price of its native token, LINK, has remained relatively muted. LINK has only gained about 3.8% in May, hovering mostly below the $12 mark. While occasional spikes toward $16 have occurred, the token has struggled to break through major resistance levels.
Technical indicators like MACD and trading volume suggest a phase of consolidation, supported by a moderate Fear & Greed Index score of 60. Bullish analysts still eye $20 as the breakout point, with potential upside targets at $25–$30 if momentum builds. Long-term projections point to a possible climb toward $36.5, though strong seller resistance remains a challenge.
Cross-Chain Utility Expands With CCIP Launch
Adding to its momentum, Chainlink introduced its Cross-Chain Interoperability Protocol (CCIP) on Solana on May 19, enabling asset connectivity across Ethereum and Polygon. With 16 new integrations across eight blockchains in the same month, Chainlink continues to cement its utility across Web3 infrastructure.
As DeFi protocols increasingly demand secure oracle services, Chainlink’s recent milestones position it at the forefront of multi-chain data infrastructure—regardless of short-term price stagnation.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
Also Read: LINK Price Holds Strong Above Key Support—Is $17 the Next Target for Chainlink?
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
