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Chainlink Price News: LINK Trading Volumes More Than Double After Q2 Update – $26 in Sight?

By:
Alejandro Arrieche
Published: Aug 8, 2025, 20:24 GMT+00:00

Key Points:

  • Chainlink released a Q2 update where it highlighted its most relevant technological and commercial achievements.
  • LINK’s trading volumes surged by 121% in the past 24 hours following the news.
  • LINK could rise to $26 if it breaks above $20 in the next few hours. Bullish momentum is strong.
chainlink price news

Chainlink (LINK) has gone up by 7.2% in the past 24 hours as trading volumes have exploded following the release of a project update covering the second quarter of 2025.

In Q2, the developing team made progress to accelerate the adoption of key solutions like CCIP by multiple chains. Specifically, they highlighted Solana’s decision to use this cross-chain to improve its interoperability.

Here’s What You Should Know About This Q2 Update

Chainlink said that this integration unlocks over $19 billion in assets coming from top DeFi applications like Backed Finance, Maple Finance, and Shiba Inu – yes, the meme coin.

In addition, the team released a new solution called Data Streams that could foster a new era for tokenized assets as it provides an on-chain price oracle covering U.S. equities and exchange-traded funds (ETFs).

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Chainlink Data Feeds and Streams – Source: Chainlink Official Website

“With this launch, developers can access real-time, context-aware data for U.S. equities and ETFs directly onchain, enabling use cases such as tokenized stock trading, perpetual futures, and synthetic ETFs—all with institutional-grade reliability.” This is a major, yet relatively underplayed, technological advancement that could help kickstart a new bullish cycle for TradFi.

The tokenized asset market is currently worth $275 billion and could reach $1 trillion over the next few years as big asset management and brokerage firms could progressively turn to low-cost blockchains like Solana (SOL) and Sui (SUI) to power their own decentralized trading platforms.

Finally, two financial titans, J.P. Morgan and Mastercard, agreed to tap into Chainlink’s services and solutions to explore new use cases for decentralized protocols that could end up serving billions of debit and credit card users.

LINK surged to $20 today as a result of the latest rally. This is a key area of resistance of the token – both psychologically and technically.

Trading volumes have been exceeding the 14-day average in the past two days as LINK neared this critical level.

The price bounced strongly off the $15 area last Sunday and it is hard to see it dropping back to those levels as bullish momentum is strong.

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LINK/USD Daily Chart (Coinbase) – Source: TradingView

President Trump’s executive order (EO) vowing the inclusion of cryptos in 401(k)s could be the catalyst that the market needed for the next leg up. If that’s the case, LINK should easily break above $20 and rise to its next relevant area of resistance at $25.

This could unfold as a first big move to $23, a retest of the $20 area from above, and a subsequent strong leg up to $25 over the next few days. This weekend’s price action will be interesting.

The Relative Strength Index (RSI) has sent a buy signal already upon crossing above the 14-day moving average and it is once again getting close to overbought levels.

This Q2 update provides strong evidence that Chainlink is a critical infrastructure project in the blockchain industry that has already proven its real-world use cases as it can be used to power the next era of TradFi.

Big names are getting involved, tokenized assets have multiple benefits, and the U.S. government is on board with decentralizing finance.

Momentum is strong and LINK could easily become a $100 billion token if ‘Big Finance’ taps on its solutions as the backbone of their blockchain-based platforms.

About the Author

Alejandro Arrieche specializes in drafting news articles that incorporate technical analysis for traders and possesses in-depth knowledge of value investing and fundamental analysis.

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