Chainlink LINK Jumps 27% as BNY Mellon and BNP Paribas Successfully Test Cross-Chain Protocol

Chainlink's LINK token experienced a 27% surge following the announcement of successful trials with major financial institutions BNY Mellon and BNP Paribas. The project's Cross-Chain Interoperability Protocol demonstrated seamless connectivity between SWIFT's messaging system and multiple blockchain networks, potentially linking over 11,000 financial institutions to decentralized infrastructure.

Whale activity increased significantly during the price rally, with investors accumulating $13 million worth of LINK tokens. Network metrics showed daily active addresses rising from 5,500 to 9,400, indicating growing adoption. Technical analysts identify $24 as a key resistance level, with potential breakout scenarios targeting $30-$35 in the NEAR term and $95-$100 if the multi-year pattern completes.

This institutional validation extends beyond banking trials. chainlink now partners with DTCC, Mastercard, and Intercontinental Exchange, with the NYSE operator recently integrating its oracle services for forex and precious metals data. These developments highlight the accelerating convergence between traditional finance and blockchain infrastructure.