Chainlink emerged as one of the big gainers in the market, reaching a 3-year high of $29.45.
Institutional interest has been a key driver in LINK's price surge, with futures open interest reaching an all-time high of $770.27 million.
Chainlink whales have been accumulating the cryptocurrency, signaling optimism and confidence in its long-term potential.
Chainlink's partnerships, including collaborations with Emirates NBD and SWIFT, further solidify its position as a vital player in the blockchain industry.