Chainlink (LINK) has overtaken Ethereum (ETH) in GitHub development activity over the past 30 days, securing the second-highest ranking among major blockchain projects. This milestone signals robust developer engagement and continuous innovation within the Chainlink ecosystem.
In a significant institutional adoption case, Chainlink’s Cross-Chain Interoperability Protocol (CCIP) enabled secure exchange between Hong Kong’s e-HKD central bank digital currency and an Australian dollar stablecoin during the e-HKD Pilot Program. Major financial institutions including Visa and Fidelity participated in the trial, leveraging Chainlink’s infrastructure for cross-border CBDC interoperability.
Following the e-HKD pilot announcement, LINK’s price surged 8% to reach $14.60, reflecting growing investor confidence in Chainlink’s role in institutional blockchain solutions. Technical analysis indicates immediate resistance lies between $16.04 and $17.43, with a potential 57% upside upon breakout supported by bullish indicators including the 50-day SMA and RSI above 50.
Chainlink’s co-founder emphasized the protocol’s expanding capabilities in addressing institutional requirements, including secure data feeds, cross-chain connectivity, and regulatory compliance standards. These developments strengthen Chainlink’s position as critical infrastructure for enterprise blockchain adoption.