With data being made available to such behemoths as Samsung and TSMC, Chainlink has made inroads into Asian equities on a scale not seen before in the DeFi world. The decentralized data provider now has a footprint that covers more than $40 trillion in value, a milestone for the company, according to Altcoin Buzz.<\/p>\n
There is more to the foray into Asia than simply providing price feeds for the continent\u2019s biggest corporations. In an effort to bring some regulatory order to tokenized bonds in line with SWIFT protocols, Chainlink is working with Apex Group and T-Rex. Such institutional avenues for blockchain in traditional finance are what the partnership is all about.<\/p>\n
And yet one would be hard pressed to find any investor fervor for the LINK token to match these market and technological accomplishments. The host of Altcoin Buzz points out that enthusiasm is in short supply; the Chainlink US ETF has been devoid of fresh inflows since October 15. Even the 427,000 LINK that Chainlink Reserve added to its coffers in October, bringing its total to 6.48 million tokens, has failed to rouse the market. It is a case of utility and adoption not necessarily begetting token demand, a phenomenon familiar to those in crypto.<\/p>\n
On the ecosystem front, integrations have been evident. Olympus DAO has placed its trust in the network\u2019s infrastructure by moving about $280 million of assets to the CCIP protocol. Elsewhere in DeFi, Injective has rolled out Institutional Rail for the direct use of banks and large firms and launched the first ETF on NASDAQ where staking rewards can be earned through a conventional brokerage account.<\/p>\n
Strategic maneuvering is underway with other networks as well. NEAR Protocol has brought its maximum annual issuance down to 1.6% from 2.5% over two years, leaving 11.8 million NEAR off the market to underpin the price. Trading on Near Intense is up to over $37 billion from just $2.3 billion in October last year. Solana has won over the likes of Schroders and Samsung Wallet but is no stranger to the headwinds of waning staking returns and capital outflows.<\/p>\n
Every call by Altcoin Buzz and how it played out \u2014 in the BuyCrypt bloggers tracker<\/a>.<\/em><\/p>\n Source \u2014 Altcoin Buzz: https:\/\/www.youtube.com\/watch?v=wM8FgIfVOCY<\/a><\/em><\/p>\n <\/p>\n