Chainlink Partners With Monad to Boost Cross-Chain DeFi – Will LINK Price React?

In a recent Chainlink news, we received an announcement regarding an exciting new collaboration involving this crypto giant. Monad, which is a high-performance new Layer-1 blockchain, has joined hands with Chainlink Scale to enhance its ecosystem. Chainlink will provide services like data feeds, data streams, and cross-chain compatibility. This partnership can set a new precedent for new and upcoming projects and increase Chainlink collaborations. This will also help the LINK price, as the LINK token is the main currency of the Chainlink blockchain. Additionally, other on-chain data suggests we can expect further growth for the Chainlink coin.

How Will Chainlink’s Cross-Chain Protocol Impact Monad?

Based on the reports on Chainlink news, this top crypto company enables a safe connection between real-world data and crypto ecosystems. The Chainlink’s oracle will also provide data for various asset classes, with examples like Proof of Reserve and other critical financial information. This is why the Monad project can now be at the top of the cross-chain compatibility and real-world interconnectivity. The Monad co-founder commented on this partnership and the benefits of using Chainlink. “Chainlink’s infrastructure would provide Monad with pricing and market data needed for next-generation DeFi.” He mentioned that “ultra-reliable data feeds are fundamental for powering the next generation of real-time decentralized apps in DeFi.”

The company’s Cross-Chain Interoperability Protocol will also be integrated with Monad Testnet. This gives the Monad blockchain the ability to interact and connect to several other networks. Chainlink Data Streams will also be connected to Monad, allowing its smart contracts to have uninterrupted and powerful data feeds. This is very important for all the DeFi networks and applications. This is because such applications need updated data without any delay, as they deal with seconds-long financial transactions. This is a perfect role for Chainlink as its Data Streams can provide 1,000 unique data points per second.

Is Chainlink’s $120 Million Exchange Outflow a Bullish Signal?

Such fundamental progress for the Chainlink network will create hype and enhance the sentiment. In addition, recent technical data reveals some positive activity among LINK token investors. Based on the recent market data, the net Chainlink coin outflows from exchanges have been increasing. The net outflows have now exceeded $120 million over the past month. With this development, investors could anticipate a bullish movement in LINK price, as accumulation usually signals such movement. 

Is Chainlink’s Price Correction a Sign of a Deeper Decline?

Although the exchange net outflows have been climbing, the LINK token has dropped in value today. This bearish movement has been mostly a correction from the last 24 hours’ price surge. During the surge, the LINK price climbed and traded around the $15 point; however, with today’s pullback, it has declined. As of now, the Chainlink coin is trading near the $14.41 price level. Based on historical data, this could be a profit-taking correction, as the price saw a sharp increase in value. Currently, the price relies on the $14.30 support level so as not to fall lower. 

LINK/USD daily chart, Published on TradingView, April 24, 2025

Based on the LINK/USD daily chart, we can see that the RSI for this token is seeing a bearish shift. At 40, it has gone below the middle neutral zone and also crossed its Moving Average. This is a bearish signal accompanied by declining ADX, which shows lower trend strength. Such movement, when combined with the falling RSI, means that the previous bullish momentum is already over. 

Is Chainlink Poised for Massive Growth Amid Expansion?

As the Chainlink news shows, the crypto giant is expanding its ecosystem and services. This will bring more adoption and users to its ecosystem, eventually leading to growth in value and popularity. This information points to a prosperous future for the crypto company. Despite this, with changing government positions, new regulatory threats might cause declines in this crypto’s adoption and value. 

The post Chainlink Partners With Monad to Boost Cross-Chain DeFi – Will LINK Price React? appeared first on Coinfomania.