Chainlink Services Integration on Plasma Sparks Upward Momentum for LINK

LINK Strengthens as Plasma Network Integrates Chainlink Services

Chainlink’s LINK token gained traction on Friday, establishing a higher low and posting a 6.7% weekly increase, supported by growing adoption of its oracle and data services across institutions and blockchain protocols.

Plasma (XPL) announced it has joined Chainlink Scale, integrating Cross-chain Interoperability Protocol (CCIP), Data Streams, and Data Feeds to support stablecoin use cases on its blockchain. The move equips developers with enterprise-grade tools to launch stablecoin applications from day one.

“By adopting the Chainlink standard and joining Chainlink Scale, Plasma shows how new layer-1 networks can deploy enterprise-level stablecoin infrastructure from launch,” said Johann Eid, Chief Business Officer at Chainlink Labs.

The announcement follows a pilot earlier this week by Swiss bank UBS, which integrated Chainlink’s CCIP with SWIFT messaging to facilitate tokenized fund operations, reflecting growing institutional interest.

Chainlink Reserve Update
The Chainlink Reserve, which purchases LINK on the open market using revenue from protocol integrations, acquired 46,441 LINK on Thursday, bringing total holdings to over 417,000 tokens (approximately $9.5 million).

Technical Summary

• Trading Range: $22.13–$23.09, a 4.27% intraday fluctuation.
• Support: $22.13, reinforced by strong buying volume of 1,409,489 units (above the daily average of 1,178,000).
• Resistance: $23–$23.10, representing short-term ceiling.
• Momentum: LINK’s higher low formation suggests bullish momentum returning, with potential upside toward the $23.10 resistance zone.