Chainlink (LINK) Leads Crypto Top Gainers After Setting $93B DeFi Record
Chainlink jumped 10.5% to $24.2 following a strategic partnership with Intercontinental Exchange and hitting $93 billion in Total Value Secured. The rally positions LINK to potentially break five-month resistance at $25.
Strategic ICE partnership provides 2,000+ apps access to institutional-grade FX and precious metals data feeds globally.
Total Value Secured reached a new all-time high of $93 billion across hundreds of DeFi protocols worldwide.
Derivatives activity spiked with 33% volume increase to $3.8B and record $1.4B Open Interest on Tuesday.
ChainlinkLINK$12.4724h volatility:2.4%Market cap:$8.83 BVol. 24h:$225.51 M
price surged 10.5% on Tuesday, Aug 12, outpacing all top-20 cryptocurrencies. LINK traded as high as $24.2, its strongest level since February. The LINK price rally was driven by two key events, a data-feeds partnership with US-based Intercontinental Exchange (ICE) and a new all-time high in Total Value Secured (TVS).
This move grants over 2,000 apps, banks, and asset managers on-chain access to tamper-resistant institutional-grade data. ICE’s global reach, spanning 300 exchanges, enables developers to build tokenized assets and automated settlement systems leveraging multi-asset class feeds.
Chainlink (LINK) Derivatives Market Analysis | Coinglass, Aug 12, 2025
Speculative traders reacted positively to these news events, as Coinglass data shows derivatives volumes jumped 33% intraday to $3.8 billion, while Open Interest hit a record $1.4 billion. It remains to be seen if bulls take profits, at the $22 mark, or capitalize on the short-squeeze effect seen on Tuesday to set sights on the next long-term target at the $25 level.
Chainlink Price Forecast: Can Bulls Target 5-Month Resistance at $25?
Technical indicators show LINK price remains firmly in bullish territory after double-digit gains intraday. The daily Relative Strength Index (RSI) stands at 72.42, reflecting overbought momentum but not yet at extremes that historically precede sharp reversals. As seen below, LINK continues to trade well above the short-term SMA levels, $21.70 (5-day) and $20.01 (8-day), indicating strong upward pressure.
Chainlink Price Forecast
The immediate hurdle lies at the $25.19 resistance zone, last tested in March. A decisive breakout above this level could open room for a sustained rally toward $27, particularly if trading volumes remain elevated and market-wide sentiment supports risk-on positioning.
However, after two sessions of double-digit percentage gains in the last four days, LINK runs a high risk of widespread profit-taking. In this bearish scenario plays out, Chainlink price could find initial support at $21.70, with a deeper retracement potentially retesting the $20.01 zone.
As Chainlink’s institutional adoption accelerates, traders are also turning to high-speed Solana-based projects like Snorter.
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After multiple sessions of double-digit gains in the past week, traders looking to rotate profits could consider high-growth projects like Snorter. Visit the official Snorter website to get started.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
I’m a research analyst with experience supporting Web3 startups and financial organizations through data-driven insights and strategic analysis. My goal is to help organizations make smarter decisions by bridging the gap between traditional finance and blockchain innovation.
With a background in Economics, I bring a solid understanding of market dynamics, financial systems, and the broader economic forces shaping the crypto industry. I’m currently pursuing a Master’s degree in Blockchain and Distributed Ledger Technologies at the University of Malta, where I’m expanding my expertise in decentralized systems, smart contracts, and real-world blockchain applications.
I’m especially interested in project evaluation, tokenomics, and ecosystem growth strategies, as these are areas where innovation can drive lasting impact. By combining my academic foundation with hands-on experience, I aim to provide meaningful insights that add value to both the financial and blockchain sectors.
