service, which had been gaining popularity in recent weeks, was one service that was incorporated as well.to demonstrate an exchange’s liquidity after FTX’s collapse and a perceived lack of liquidity on several exchanges.Crypto exchanges should not.Showing credible POR would enable the identification of healthy or ailing crypto projects. Data collection is made possible by Chainlink’s POR services. This could then be used to accurately assess whether a cryptocurrency project is liquid.
Having big chains accept and integrate with Chainlink is great for the platform, but how has the platform fared, and has it been as beneficial for LINK holders?According to Santiment, LINK’s social dominance witnessed a steady rise as seen at the time of writing. The most recent surge was the largest that was seen in recent months, with the latest one being in August.
This suggested that people were talking more about the assets, which could lead to real change. The metric had, however, declined and was seen at around 0.39% at press time.A glance into the platform’s development activity revealed that the metric was on the rise. The metric was 43.19 at the time of writing. This demonstrated the high level of activity among developers and may indicate upcoming features or integrations.
The $9 area that LINK touched at the beginning of November may be revisited if it can rally and overcome the current resistance levels. If it cannot build and hold support, a subsequent downward trend could also make its way up the charts.Subscribe to get it daily in your inbox.
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