Chainlink’s LINK Jumps 4% as U.S. Equities Data Feeds Go Live

Chainlink's native token LINK climbed 4% on Monday, bouncing back from last week's market slump as the oracle provider rolled out real-time data feeds for U.S. equities and ETFs. The token hit $17 during trading, marking a 10% recovery from weekend lows.

The new chainlink Data Streams provide high-frequency pricing for assets like SPY, QQQ, and major tech stocks across 37 blockchain networks. This bridges traditional finance with on-chain markets, enabling tokenized stock trading and synthetic ETFs. Early adopters include Solana's Kamino and GMX perpetuals platform.

"This closes a critical gap between TradFi and blockchain infrastructure," said Johann Eid of Chainlink Labs. Technical indicators show strong momentum, with LINK rising from $16.16 to $16.87 in 24 hours—a 4.39% gain.