Chainlink notified its users of a number of product integrations in its most recent “Adoption Update.” Between July 18 and July 24, many chains experienced these integrations.
The update states that across eight separate chains, the network saw 11 integrations of its three services: Chainlink Keepers, Chainlink VRF, and Chainlink Price Feeds. Avalanche, BNBChain, Ethereum, Fantom, Harmony, Optimism, Polygon, and Solana were some of these.
A brief look at LINK on Santiment showed minor price fluctuation from July 18 and July 24, from £5.86 to £5.90.
On a daily chart, the altcoin’s price was seen consolidating in a narrow range during the past week. The price increased by 1%, from £5.86 to £5.90, during the same time frame.
Due to the modest price growth, LINK had a considerable decline in trading volume during the examined period. During the preceding six days, trading volume fell by 71% to 352.6 million recorded on July 24.
Additionally, between July 18 and July 24, LINK’s market cap fell by 4%, from £2.73 billion to £2.62 billion.
The price of LINK decreased by 3% in the 24 hours prior to press time, according to CoinMarketCap.
The Relative Strength Index (RSI) was seen to be in a downward trend at the 50 neutral level at press time.
The number of unique addresses that traded LINK during the period of July 18 through July 24, with virtually little price movement, decreased steadily.
A 31% drop from the 2886 active addresses that traded LINK on July 18 to the 2193 active addresses recorded on July 24 was noted.
The number of new addresses generated each day on the network also decreased steadily during the review period. Additionally, the network’s growth decreased by 32% between July 18 and July 24.
Furthermore, LINK gained no traction on the social front despite the significant number of integrations.
Its social dominance decreased by 19% over the time under consideration. The social volume decreased by 33% as well. However, the network’s development activity increased by 1%.