Chainlink (LINK) has experienced a significant price surge, rising more than 20% since June 6th, 2025, fueled by accelerated institutional adoption and impressive development activity.
Recent data from analytics firm Santiment revealed that Chainlink surpassed Ethereum in GitHub development activity over the past 30 days, recording 449 development activities. This placed Chainlink at the forefront of real-world asset tokenization infrastructure providers among the top 10 cryptocurrencies, ranking second overall in GitHub events, while Ethereum ranked eighth.
Chainlink’s Cross-Chain Interoperability Protocol (CCIP) successfully facilitated a major institutional pilot on June 9th, enabling a cross-border exchange between Hong Kong’s central bank digital currency (e-HKD+) and an Australian dollar stablecoin. The pilot involved prominent financial institutions like Visa, ANZ, China AMC, and Fidelity International, operating under Hong Kong's regulatory framework.
Following the pilot announcement, LINK’s price jumped 8% from $13.90 to $14.60 and continued climbing to trade above $15, breaking through key resistance levels and moving averages. Technical analysis indicates resistance between $16 and $17, with potential for a long-term upside target of a 57% increase if Chainlink breaks the upper trendline of a falling wedge pattern. The Relative Strength Index (RSI) shows rising momentum, supporting bullish sentiment.
Chainlink’s co-founder Sergey Nazarov emphasized the network’s institutional traction by highlighting solutions addressing secure data feeds, cross-chain connectivity, and compliance. This complex functionality was showcased in the pilot involving Fidelity International and ANZ.
The network’s consistent development efforts, growing institutional partnerships, and expanding real-world use cases signal strong fundamental support for LINK. Market cap stands at around $10 billion with daily trading volume approximately $542 million. The project is also collaborating with the Global Synchronizer Foundation (GSF) to push future interoperable blockchain applications.
While short-term resistance exists, Chainlink’s technical and fundamental factors bode well for further price appreciation, making it a key player in bridging blockchain ecosystems with real-world financial infrastructure.