Chainlink (LINK) Breaks $21 as Institutional Adoption and SWIFT Integration Fuel Rally

Chainlink (LINK) has surged over 27% in the past week, surpassing the $21 mark, driven by institutional demand and significant whale accumulation. The oracle network's collaboration with SWIFT now connects more than 11,000 financial institutions to both public and private blockchains, solidifying its pivotal role in the transition of traditional finance to blockchain technology.

At SmartCon, chainlink showcased its Cross-Chain Interoperability Protocol (CCIP), which bridges SWIFT's legacy systems with multiple blockchains. Successful trials with BNY Mellon and BNP Paribas demonstrated seamless cross-chain transfers of tokenized assets. Partnerships with DTCC, Mastercard, and central banks highlight the expanding institutional adoption of Chainlink.

Intercontinental Exchange (ICE) recently integrated forex and precious metals data with Chainlink oracles, providing tamper-proof data feeds for DeFi applications. From a technical perspective, LINK's breakout from a descending trendline established in December 2024 suggests potential for a rally toward $30.