LINK (Chainlink) has pumped 3.66% in the last 24 hours.

Gate News Bot news, on September 3rd, according to CoinMarketCap, as of the time of writing, LINK (Chainlink) is currently priced at 23.30 USD, having risen 3.66% in the last 24 hours, with a high of 25.90 USD and a low of 22.18 USD. The 24-hour volume reached 1.179 billion USD. The current market capitalization is approximately 15.798 billion USD, an increase of 558 million USD compared to yesterday.

Chainlink is a core infrastructure of blockchain. As a platform for cross-chain communication, compliance, data, and computation, Chainlink enables financial institutions and blockchains to connect to the secure data, cross-chain interoperability, and decentralized computation they need to build advanced on-chain applications. Chainlink has been trusted by companies such as Swift, Euroclear, and Fidelity, facilitating hundreds of trillions of dollars in on-chain transactions.

Important recent news about LINK:

1️⃣ Collaborating with the U.S. Department of Commerce to launch on-chain economic data The U.S. Department of Commerce has initiated a collaboration with Chainlink to bring government macroeconomic data onto the blockchain network. This marks the first time the federal government of the United States has integrated economic data into blockchain technology, signifying a significant shift from traditional economic data infrastructure to a digital asset ecosystem. The initiative leverages Chainlink's oracle network to facilitate the transmission of key economic datasets, allowing official government statistics to be directly accessible via blockchain technology.

2️⃣ Collaborate with Solv Protocol to Enhance Transparency of Wrapped Assets Solv Protocol announced a collaboration with Chainlink to launch Secure Exchange Rate data for SolvBTC against BTC on Ethereum. This mechanism combines Chainlink's proof of reserves with Solv's Bitcoin financial infrastructure, validating collateral assets in real-time and generating redemption rates, setting a new standard for transparency in wrapped assets. This feature will enhance the security of the DeFi lending market and will expand to other blockchains in the future, promoting cross-chain asset collateralization and transparency.

3️⃣ AI-native DeFi protocol Demether joins Chainlink Build program The AI-native DeFi protocol Demether has joined the Chainlink Build program to access on-chain oracle services and technical support, enhancing the security and user experience of its AI-driven DeFi vault. In return, Demether will allocate a portion of its native token supply to Chainlink service providers (including stakers). Demether is developing an AI-driven vault suite called demAI, aiming to provide cross-chain capital deployment solutions for users through dynamic optimization of yield strategies and real-time risk management.

LINK price has recently performed strongly, rising 3.66% in 24 hours, possibly related to the aforementioned partnerships and ecosystem expansion. Chainlink continues to deepen its collaborations with traditional finance and emerging DeFi projects, constantly expanding the application scenarios of its oracle technology, which is expected to further solidify its leading position in the blockchain infrastructure sector.

This message is not intended as investment advice; investors should be aware of market volatility risks.