![Chainlink [LINK] completes a trillion-dollar milestone in this arena](https://i.headtopics.com/images/2023/1/27/cryptoamb/chainlink-link-completes-a-trillion-dollar-milesto-chainlink-link-completes-a-trillion-dollar-milesto-1618889798441115648.webp)
Chainlink recently executed over $7 trillion in Transaction Value Enabled (TVE). LINK price reacted positively by increasing by over 4% in value. In addition to the many other significant announcements made by Chainlink, the network has recently revealed a milestone it has reached. Although the network’s popularity has increased due to its many collaborations and […]
by Chainlink, a record amount of transactions across various blockchains were recently made possible by the network. According to the report, Chainlink Oracle enabled this transaction on 12 separate blockchains, hitting a milestone in the process. The report claims Chainlink exceeded $7 trillion in transaction value enabled .is a decentralized oracle network that links blockchain-based smart contracts to external data sources, APIs, and payment systems.
This makes it possible to build more sophisticated, data-driven decentralized applications and allows smart contracts to communicate with the outside world. Node operators are compensated for offering these oracle services using the Chainlink token .released staking features for LINK holders at the end of 2022. For the LINK token and its holders, the staking function increased utility.
Even though it may seem minor, as of the time of this writing, the rise had continued, albeit very slowly. From the trading period observed, the asset was changing hands for about $6.9.Additionally, the Relative Strength Index indicated that LINK was currently in a bull trend. The RSI line seen on the daily period chart was over 60.
However, the Moving Average Convergence Divergence could indicate the strength of the bull trend . The MACD showed bullish sentiment as it was over zero. However, according to the volume on the indicator, the MACD indicated that the bullish mood was reasonably strong. The fairly strong trend was further supported by the Directional Movement Index’s Plus DI , resting on 20.
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