LINK (Chainlink) rose 11.85% in 24 hours

Gate News Bot news, on October 20, according to CoinMarketCap data, as of the time of writing, LINK (Chainlink) is currently priced at 18.71 USD, rising 11.85% in the last 24 hours, reaching a high of 20.19 USD and a low of 16.18 USD, with a 24-hour volume of 983 million USD. The current market capitalization is approximately 12.685 billion USD, an increase of 1.343 billion USD compared to yesterday.

Chainlink is a core infrastructure of the blockchain industry. Chainlink provides key services such as cross-chain communication, data streams, market data feeds, and proof of reserves, aiming to become the standard for decentralized finance. Chainlink is trusted by financial institutions such as Swift, JPMorgan, and Mastercard, as well as leading DeFi protocols like Aave and GMX, and has supported hundreds of billions of dollars in on-chain transactions.

Important news about LINK recently:

1️⃣ Federal Reserve Payment Innovation Conference Invites Chainlink to Participate The Federal Reserve will hold an important meeting focused on payment innovation on October 21, and Chainlink has been invited to participate as a representative of the blockchain industry. This indicates that traditional financial institutions are increasingly recognizing blockchain technology. As a leading oracle service provider in the industry, Chainlink is expected to play a greater role in financial innovation.

2️⃣ Chainlink launches native real-time oracles on MegaETH Chainlink has launched a native real-time oracle service on the Ethereum Layer 2 solution MegaETH. This integration embeds Chainlink data streams into the core of MegaETH, enabling smart contracts to extract price data in real-time, significantly reducing latency and matching centralized exchange-level speeds. This innovation is expected to drive the development of DeFi applications such as perpetual contracts, prediction markets, and stablecoins on MegaETH.

3️⃣ S&P Global Brings Stablecoin Risk Ratings On-Chain via Chainlink The globally renowned rating agency S&P Global has partnered with Chainlink to directly integrate its stablecoin risk ratings into the blockchain. This service will initially be launched on the Ethereum Layer 2 network Base and may expand further based on demand in the future. This collaboration not only enhances Chainlink's influence in the traditional financial sector but also introduces an authoritative risk assessment tool to the DeFi ecosystem, helping to improve the transparency and security of the stablecoin market.

From a technical perspective, the LINK price has broken through multiple important moving averages, showing a strong rise in the short term. On the fundamental side, Chainlink continues to expand its application scenarios in the DeFi and traditional finance sectors, with core technological advantages being continuously strengthened, laying a solid foundation for long-term development.

This message is not intended as investment advice; investors should be aware of market volatility risks.