Chainlink (LINK) Is Up 95% Since Last Year. Here's Why It Still Has Legs.

Core Insights - Many top cryptocurrencies, including Chainlink, have seen significant performance improvements, with Chainlink up approximately 95% year on year as of October 1 [1] - Chainlink serves as a crucial bridge between blockchain systems and the real world, securing over $100 billion in on-chain funds and facilitating over $25 trillion in transactions [2] Industry Developments - The passing of the GENIUS Act in the U.S. has removed barriers for blockchain projects, leading to increased interest from financial institutions in integrating blockchain technology [4] - The integration of blockchain extends beyond stablecoins to decentralized applications, tokenized assets, and central bank digital currencies (CBDCs), all of which rely on smart contracts that depend on accurate data [5][6] Company Initiatives - Chainlink has launched DataLink, enabling institutions to publish data on blockchains easily, and is partnering with the German stock exchange to provide real-time information across over 40 blockchains [9] - Collaborations with the U.S. government aim to bring macroeconomic data online, and partnerships with Swift focus on connecting its network to the blockchain [9]