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Reading: Chainlink Expands Its Presence in DeFi Through Blockchain and AI Integration
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COINTURK NEWS > Chainlink (LINK) > Chainlink Expands Its Presence in DeFi Through Blockchain and AI Integration
Chainlink (LINK)

Chainlink Expands Its Presence in DeFi Through Blockchain and AI Integration

In Brief

  • Chainlink integrates with multiple blockchains to enhance its DeFi capabilities.

  • The collaboration with Swift aims to modernize financial transactions.

  • AI integration is vital for enhancing programmability in financial systems.

Ömer Ergin
Ömer Ergin 6 months ago
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Chainlink $17 (LINK) continues to gain prominence in the DeFi space. Recently, the integration of 34 Chainlink services across 14 different blockchain platforms has bolstered this upward trend.

Contents
Blockchain IntegrationsAI Integration

Blockchain Integrations

Chainlink has achieved integration with popular Ethereum $2,598 Layer-2 solutions like Arbitrum, Base, and significant Layer-1 blockchains such as Solana $176 and Hedera. This expansion contributes to the growth of the Chainlink ecosystem and broadens the platform’s accessibility.

Chainlink has strengthened its collaboration with Swift to combine traditional financial systems with blockchain technology. Swift aims to offer banks the opportunity to test digital asset transactions next year. Chainlink co-founder Sergey Nazarov stated, “Chainlink continues to bridge traditional finance and DeFi.”

AI Integration

Nazarov emphasized the importance of AI integration to enhance the programmability of financial systems. The annual SmartCon conference organized by Chainlink provided a significant platform for discussions on this topic. At the conference, leaders in finance and blockchain explored the synergy between DeFi and traditional financial systems.

Additionally, Chainlink aims to facilitate secure asset transfers between blockchain networks through its Cross-Chain Interoperability Protocol (CCIP), thereby fostering collaboration across platforms and taking a more active role in the DeFi world.

According to CoinMarketCap data, LINK’s price has fluctuated over the last 30 days. However, Chainlink’s contributions to the evolution of blockchain technology in the financial sector continue to strengthen its position in the industry.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 4 November, 2024 - 11:06 am 4 November, 2024 - 11:06 am
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