Chainlink, the decentralized oracle network, has recently hit a major milestone with its platform. According to a report by the company, it has exceeded $7 trillion in transaction value enabled (TVE) by enabling transactions across 12 separate blockchains. This news has had a positive impact on the value of the network’s native token, LINK.

Chainlink allows for the creation of more sophisticated, data-driven decentralized applications by connecting blockchain-based smart contracts to external data sources, APIs, and payment systems. By providing these oracle services, node operators are compensated using the Chainlink token (LINK).

In addition to this latest achievement, Chainlink also released staking features for LINK holders at the end of 2022. This increased the utility for the token and its holders. As a result of the platform’s growing popularity and potential utility for the token, LINK has seen a steady increase in value.

On January 25th, LINK gained over 4% in value and as of the time of writing, the asset was trading at around $6.9. While this may seem like a small increase, the trend is expected to continue as more and more people become aware of Chainlink’s capabilities and its potential to revolutionize the way smart contracts interact with the outside world.

Overall, Chainlink is proving to be a valuable addition to the world of blockchain and its achievements are being reflected in the value of its native token, LINK. As the network continues to grow and expand, it is likely that we will see even more significant milestones in the future.

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