Chainlink Launches New Price Data Source To Protect Web3 Projects

Recently Chainlink announced several new updates to its price data source to help Web3 projects resist attacks and data manipulation. In the past week, LINK has also been active with an increase of nearly 13%.

One of these releases states that Chainlink has started using its new price feed to shield Web3 applications from data-manipulation assaults and unusual occurrences like flash failures. The ZIL/USD Price Feed on the Optimism network can be integrated by Web3 producers using this technology to create safe DeFi marketplaces for Zilliqa’s coin.

However, Chainlink has also informed its followers about its efforts to combat climate change. Chainlink said that it will be working on international carbon credit standards, enhancing their development with strong incentive models and supporting successful climate efforts.

Chainlink also made progress in terms of sustainability and climate change with the aid of hyphen, dlcimatedao, and coorest.

It seems that the above updates also have a positive effect on LINK as the token price recorded a 12.59% increase in the past week. Currently LINK is trading at $8,095 with a gain of 2.28% within 24 hours.

There have been other bullish signs for LINK too, with the altcoin’s volume growing since the beginning of September. The volume has hiked from 200 million to 503 million since September. Along with that, the MVRV has been steadily rising as well, indicating an optimistic future for the crypto. 

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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