Chainlink (LINK) reached its highest price since January 2022 at $29.45, fueled by increased demand from sophisticated investors, a 20% gain in the past week, and a 119% rise over the month. Its futures open interest hit an all-time high of $770.27 million, surpassing competitors like Toncoin and TRON. Whale activities, such as World Liberty Financial buying 41,335 LINK tokens, have contributed significantly to its price surge. Chainlink's ecosystem is expanding, highlighted by the launch of its Cross-Chain Interoperability Protocol (CCIP) on the Ronin network, partnerships with Emirates NBD for digital asset tokenization, and support for Project Diamond by Coinbase. Its collaboration with SWIFT introduced a new institutional payment solution. Despite being linked closely with Ethereum, it leads developer activity among top ERC-20 projects. Chainlink is partnering with 21Shares to launch a regulated trading service for tokenized securities, indicating its growing institutional interest.

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