Chainlink
Why Chainlink is up 4.3% today
Analysis
Chainlink (LINK) rose 4.3% over the past 24 hours after news that Chainlink data feeds went live for Ondo’s tokenized US stocks on Ethereum, highlighting fresh real-world asset (RWA) adoption of Chainlink’s oracle infrastructure. The integration can be interpreted as a positive demand signal for LINK’s ecosystem as more onchain financial products rely on Chainlink feeds.
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.