Chainlink
Why Chainlink is up 1.1% in the last hour
Analysis
Chainlink (LINK) rose 1.1% over the past hour, likely supported by news that Chainlink data feeds went live for Ondo’s tokenized US stocks on Ethereum. Cointelegraph reported that Ondo integrated Chainlink feeds for these tokenized equities, a development that can be read as incremental adoption of Chainlink’s oracle infrastructure and may have helped lift near-term sentiment.
Contributing Factors (1)
Chainlink feeds go live for Ondo tokenized US stocks on Ethereum
Price feeds for SPYon, QQQon and TSLAon are now live on Ethereum, allowing the Ondo-issued tokenized equities to be used as collateral in DeFi lending markets.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.