- Chainlink shows the highest GitHub activity and leads the development of the real-world asset sector.
- The strategic partnership aims to integrate FIX protocols with blockchain technology.
- Rapid Addition collaboration to enhance institutional trading of tokenized assets.
Chainlink (LINK) maintains its position as the leading project in the real-world asset sector based on a recent GitHub activity analysis on Santiment. Over the past 30 days, the project demonstrated the highest non-redundant GitHub activity among competitors.
Santiment’s analysis highlights Chainlink’s continuous innovation and development efforts, significantly outpacing other noteworthy projects like Maker, Oraichain, and IX Swap.
The list also includes other active projects such as Synthetix (SNX) and Centrifuge (CFG), followed closely by Oraichain (ORAI), all contributing significantly to the development landscape of real world assets.
This watchlist, updated based on a back-tested methodology that emphasizes meaningful development contributions, offers a dynamic view of the evolving efforts in this asset class.
Chainlink has seen a notable increase in its value, reaching $18.03 at press time. This represents a 2.14% rise within the last day, reflecting a growing investor confidence in the token. Currently ranked 13th in market capitalization, Chainlink has achieved a market cap of approximately $10.55 billion.
PEPE Declines 5% on Support Break as Chainlink Rises 6.49% in a DayMeanwhile, Chainlink has entered into a strategic collaboration with Rapid Addition to introduce a FIX-native blockchain adapter. This partnership aims to facilitate institutional trading of digital assets, allowing entities to communicate and interact with a wide range of tokenized assets. Including carbon credits, renewable energy products, and tangible assets like real estate and collectibles.
Mike Powell, CEO of Rapid Addition, expressed enthusiasm about integrating FIX protocols, which have significantly propelled electronic trading for two decades. He highlighted the critical role of standards in fostering a vibrant trading ecosystem, enabling smooth interactions among market participants. Powell noted,
The partnership with Chainlink will ease the adoption complexities, marrying traditional finance with decentralized finance and allowing firms to use their existing trading technology while exploring new investment avenues.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Rapid Addition’s platform are set to enhance the institutional blockchain adapter. The combination is anticipated to facilitate the secure integration of FIX industry protocols with blockchain technology, potentially transforming digital asset trading.
Vince Turcotte, Asia Pacific business development lead at Chainlink Labs, emphasized the significance of this partnership in bridging traditional systems with blockchain innovations.
The Daily Technical Indicators for LINK show bullish trends amid market recovery. The Relative Strength Index (RSI) stands at 59.86. This value suggests that while LINK is neutral, there is still potential for upward movement.
Furthermore, the Moving Average Convergence Divergence (MACD) shows a bullish signal. The MACD line has crossed above the signal line. This crossover, combined with a histogram, underscores a strengthening in bullish momentum.
