Chainlink surges 51% as bullish breakout points to $18

Key takeaways

• Chainlink has gained 51% over seven days amid improving regulatory sentiment and project-specific developments.
• Chainlink’s total value secured rose from $43 billion in June to nearly $57 billion by the end of August—an increase of approximately 33%.
• A partnership with Bottomline could connect payment infrastructure serving more than 600 banks to multiple blockchains.

Chainlink has gained approximately 51% over the past seven days, outperforming much of the cryptocurrency market following new regulatory proposals from the U.S. Securities and Exchange Commission.

The rally has also been supported by improving Chainlink network fundamentals and several significant adoption announcements.

Chainlink’s total value secured increased from approximately $43 billion in June to nearly $57 billion by the end of August. This represents growth of about 33%, indicating that more value is relying on Chainlink-powered services across decentralized finance and other blockchain applications.

LINK has also broken above an import...