TLDR:
- Sonic Labs, which was once known as Fantom, has taken a leap by incorporating Chainlink's cross-chain protocol into its mainnet, offering developers more freedom to create cross-chain applications.
- Ahead of his official return on January 20, 2025, Former President Trump reportedly acquired a noteworthy $4.7 million in LINK tokens.
- Despite a slight setback of 2.4% recently, LINK's token shows resilience with a notable week-long uplift of 19.28%, stabilizing at $25.57.
- Sonic's blockchain impresses by handling 10,000 transactions each second and just recently embraced Circle's new USDC standard to enhance its transactions.
- According to CoinCodex's forecast, LINK is on track to hit the $31 mark by late January 2025, with potential growth peaking at $39 per token.
Chainlink's protocol for cross-chain communication is expanding, promising new frontiers for blockchain connectivity. has gone live on the Sonic mainnet, This new expansion is another feather in Chainlink’s cap, strengthening its oracle network infrastructure, with Sonic Labs ambitiously stepping up as part of its growth strategy.
With this partnership, developers are now empowered to roll out decentralized apps capable of operating seamlessly across different blockchain networks. Alongside this protocol, Sonic Labs also introduced Chainlink’s Data Streams and Data Feeds, enriching the developer toolkit for blockchain applications.
The need for Chainlink integration was clearly voiced by developers in Sonic’s community. Sam Harcourt, from Sonic Labs, emphasized their excitement about the integration now live, opening the door to innovative cross-chain applications.
Following Sonic's entry into the Chainlink SCALE program in the fall of 2024, the collaboration has amplified network security with novel features like programmable tokens and robust messaging functions.
Sonic’s technical prowess was evident upon its mainnet debut in December 2024. With capabilities to manage 10,000 transactions per second and lightning-fast finality, it positions itself as a leader in high-efficiency blockchain solutions.
In efforts to bolster its financial offerings, Sonic has embraced Circle’s bridged USDC standard via its Gateway. This strategic move is aimed at energizing developer engagement and revamping its DeFi landscape, as seen with Aave v3's progress in December.
Major financial entities have shown confidence in Chainlink’s protocol, as seen with adopters like Fidelity International, Swift, and ANZ Bank, pointing to a strong affinity between decentralized technology and classic finance.
Despite experiencing a recent dip of 2.4%, Chainlink's native token LINK is riding high in January 2025 with a steadfast 19.28% rise over the past week, currently trading at $25.57.
Donald Trump, now back in the crypto headlines, made waves by investing $4.7 million in LINK tokens before his impending inauguration, drawing considerable attention to the token's market movement.
CoinCodex's latest market insights for January 2025 highlight promising targets for LINK’s price, predicting an average of $31 per token by the month's end, potentially soaring to $39—a sharp 53% turn from its present stats.
Chainlink's strategic alliances with titans of traditional finance like JPMorgan and BNY Mellon further cement its authority in the burgeoning field of tokenization, contributing to its ascent in early 2025.
The venture with Sonic further bolsters Chainlink’s huge repertoire of blockchain collaborations, offering developers a goldmine of oracle network utilities on Sonic’s trailblazing infrastructure.
Sonic sets the bar high with its impressive blockchain capabilities, adept at managing enormous transaction loads with ease, making it an attractive prospect for decentralized application building.
Sonic's adoption of the USDC standard reflects its continued evolution in financial frameworks, providing developers with stable currency options to power their applications.
Market sentiment suggests a steady interest in LINK tokens. Market watchers note the token's resilient uptrend amidst subtle market undulations.
