LINK (Chainlink) fell 5.57% in 24 hours

Gate News Bot news, November 5th, according to CoinMarketCap data, as of the time of writing, LINK (Chainlink) is currently priced at 14.57 USD, down 5.57% in the last 24 hours, with a highest price of 18.62 USD and a lowest price of 13.87 USD. The 24-hour volume reached 1.677 billion USD. The current market capitalization is approximately 10.152 billion USD, a decrease of about 599 million USD from yesterday.

Chainlink is the industry standard oracle platform that provides reliable off-chain data and off-chain computation for smart contracts. Chainlink's decentralized oracle network enables blockchains to securely access off-chain data sources, web APIs, and traditional banking payment systems. Many of the world's leading financial services institutions and DeFi protocols have adopted Chainlink's standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, Aave, GMX, Lido, and others.

Important news about LINK recently:

1️⃣ Promote on-chain compliance automation in collaboration with Chainalysis Chainlink integrates Chainalysis's real-time risk data into its oracle network, enabling institutions to execute compliance policies in executable code form on any blockchain. This integration is set to launch in the second quarter of 2026, allowing users to programmatically respond to “Know Your Transaction” (KYT) alerts, automating the suspension of transfers, minting, or withdrawal operations. This move will significantly enhance institutional compliance efficiency, addressing the burdens caused by current manual reviews and decentralized configurations.

2️⃣ FTSE Russell Index Data On-Chain Collaboration FTSE Russell announced a partnership with Chainlink to bring its core indices and market data on-chain through the DataLink service, including the Russell 1000, Russell 2000, and Russell 3000. This means that this data will be available around the clock across multiple blockchains, providing important support for tokenized assets, ETFs, and next-generation financial product innovations.

3️⃣ Provide data support for tokenized stocks of Ondo Finance Ondo Finance has chosen Chainlink as the official oracle infrastructure for its regulated tokenized stock platform. This partnership involves data support for over 100 tokenized stocks and positions Chainlink's Cross-Chain Interoperability Protocol (CCIP) as the preferred interoperability solution for financial institutions collaborating with Ondo. Additionally, Chainlink has joined the Ondo Global Markets Alliance to support the on-chain launch of regulated tokenized stocks.

From a technical perspective, although LINK has recently experienced a fall, the achievement of these strategic partnerships has injected new momentum into Chainlink's long-term development. Breakthroughs in areas such as compliance automation, traditional financial data on-chain, and tokenized stocks are expected to further consolidate Chainlink's leading position in the blockchain oracle and data service sectors. However, considering the high volatility of the cryptocurrency market, the price of LINK may still be influenced by various factors in the short term.

This message is not an investment advice; investors should pay attention to market volatility risks.