- Chainlink’s influence continues to grow with large-scale integrations, including CIAN’s $900 million TVL contribution and ongoing collaborations with Aave.
- Additionally, the introduction of CCIP on Solana and 16 new integrations across eight blockchains underline its expanding utility in bridging assets across platforms like Ethereum and Polygon.
Chainlink, the leading decentralized oracle network, has witnessed a remarkable surge in its Total Value Secured (TVS). It grew by more than 50% in May alone, surpassing the $65 billion mark. Much of the fast growth is due to many leading DeFi projects integrating into major blockchain ecosystems, reports DeFiLlama.
Chainlink TVS Records New High
Part of this success is due to TRON, which now uses Chainlink as its primary data oracle. Due to this partnership, Chainlink is now an important foundation of the TRON blockchain, which handles record-high levels of activity among blockchain networks.
The influence of Chainlink keeps rising on the Solana network. The largest lending protocol on the network, Kamino Finance, turned to Chainlink in May and added more than $2 billion in TVL to its base of oracle-secured data. In a similar way, Jupiter Exchange is using Chainlink’s Data Streams in its perpetual markets, adding $2.7 billion in protected value.
CIAN and similar projects bring nearly $900 million in TVL, which has helped the On-Chain Verifiable Supply of Chainlink grow, according to the latest data in a post on X. Meanwhile, the network’s large-scale integrations with Aave continue to expand.
The surge is a clear indication that Chainlink is both dependable and critical to securely sharing real-time data in many situations on various blockchains. With more users turning to off-chain data feeds in the decentralized financial (DeFi) space, the network is clearly leading the oracle industry.
LINK Price Analysis Amid Major Partnerships
Chainlink’s native token, LINK, has shown limited price movement in recent weeks despite a wave of ecosystem developments. Market cap places LINK right now at the 13th position, and its earlier May gains have been a modest 3.8%, trading mostly below the $12 level. Occasionally, LINK price has approached the $16 mark, but action has mostly remained calm.
The LINK price has recently been testing significant resistance levels. A LINK price breakout above $20 may open the way for advances to $25–$26, and long-term bulls aim for $28–$30, areas that last appeared in late 2024. If the pattern continues, analysts say $36.5 could be the next barrier, but many sellers will have to be overcome before prices break that level.
Source: TradingView
The introduction of Chainlink CCIP on Solana on May 19 has given developers new opportunities to link assets across Ethereum and Polygon. What’s more, 16 new supported integrations on eight different blockchains point to increasing practicality.
Still, technical indicators have not gained any special meaning. MACD and volume data, along with a Fear & Greed Index of 60, indicate you should keep your optimism balanced. With 12 green days out of 30 and relatively low volatility, LINK appears to be consolidating, still waiting for a clear trigger to advance.
