Chainlink (LINK) has overtaken Ethereum in development activity over the past 30 days, according to data from Santiment, as the oracle network strengthens its foothold in real-world asset (RWA) tokenization. The uptick in development coincides with Chainlink’s successful participation in Hong Kong’s e-HKD+ pilot program, where its Cross-Chain Interoperability Protocol (CCIP) enabled a cross-border exchange between a CBDC and a stablecoin.
Santiment’s latest analysis ranks Chainlink second in GitHub activity—surpassing Ethereum, which came in eighth. This signals heightened developer focus on Chainlink’s infrastructure amid rising institutional interest in RWA integration.
“While most of crypto stays flat Tuesday, Chainlink (+7.7%) and Ethereum (+6.3%) have continued to break out,” Santiment noted. “These two projects are known for their top ranked developing teams.”
🧑💻 While most of crypto stays flat Tuesday, Chainlink (+7.7%) and Ethereum (+6.3%) have continued to break out. These two projects are known for their top ranked developing teams. Over the past 30 days, $LINK has had the 2nd most notable github events and $ETH is in 8th. pic.twitter.com/gZ84YAvEwY
— Santiment (@santimentfeed) June 10, 2025
On June 9, LINK rallied over 8% following the announcement that Chainlink’s CCIP facilitated a cross-border transaction between the Hong Kong Monetary Authority’s CBDC and an Australian dollar-denominated stablecoin. The trial included industry giants like Visa, ANZ, China AMC, and Fidelity International, further underscoring Chainlink’s enterprise-grade capabilities.
Co-founder Sergey Nazarov highlighted the significance of Chainlink’s role in addressing the “three biggest problems” of institutional smart contracts: secure data feeds, cross-chain connectivity, and regulatory compliance. Referring to a complex transaction conducted under HKMA oversight, Nazarov emphasized the growing adoption of Chainlink standards by top-tier institutions.
Very excited about this report from Visa, showcasing how Chainlink is able to solve the three biggest problems of next generation smart contracts for institutional transactions, all in one platform.
— Sergey Nazarov (@SergeyNazarov) June 10, 2025
1. Providing the critical data needed to properly price the assets in the… pic.twitter.com/74pI02bhBd
The price of LINK surged over 5% in the past 24 hours to trade at $15.28. Technical indicators show bullish potential, with LINK reclaiming support above the 50-day SMA at $15.07 and the 100-day SMA at $14.35.
We’re excited to share that Chainlink is facilitating the secure exchange of a Hong Kong CBDC and an Australian dollar stablecoin as part of an ongoing use case in Phase 2 of the e-HKD+ Pilot Program.
— Chainlink (@chainlink) June 9, 2025
Congratulations to participants @Visa, ANZ, China AMC, and Fidelity… pic.twitter.com/ts2C6Vt4Ul
However, LINK faces resistance between $16.04 and $17.43, within a falling wedge pattern. A confirmed breakout above the trendline could spark a 57% rally, with RSI trending above 50—reinforcing the bullish sentiment.
Still, failure to break resistance may trigger a retreat toward the $14 support region, with a deeper fallback possibly testing the demand zone between $10.78 and $11.46.
Also Read: Chainlink (LINK) Price Prediction: Key Support, Resistance Levels & Next Move Analysis
As Chainlink continues to align technological innovation with institutional traction, its role as a key RWA infrastructure layer appears increasingly cemented—potentially setting the stage for long-term growth.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of CoinBrief.io. Before making any investment decisions, you should always conduct your own research. Coin Brief is not responsible for any financial losses.
