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Chainlink went through a massive price surge in the past day, rising over 18% following the successful completion of a pilot program with the Depository Trust and Clearing Corporation .
The pilot’s completion demonstrated that structured data could be effectively delivered on-chain and embedded into various on-chain use cases, such as tokenized funds and bulk consumer smart contracts. These smart contracts hold data for multiple funds and support future industry exploration and numerous downstream applications, including brokerage portfolio tools.
This innovation could power several future industry explorations and operational processes, offering benefits such as enhanced efficiency, faster settlements, and greater transparency.more than 18% at one point and exceeding $16 for the first time since April 12. At writing time, the token is trading at $16.5, with a daily trading volume of slightly over $1 billion, marking a 195.4% increase in the last 24 hours.
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