Amid the recent rally in the altcoin space, oracle service provider Chainlink (LINK) has been doing pretty well. Over the last month, Chainlink’s (LINK) price has literally doubled. As of press time, LINK is up 6.57% trading at $28.89 and a market cap of $12.9 billion.
This comes amid a sharp uptick in the number of unique addresses interacting on the Chainlink blockchain. As on-chain data provider Santiment notes:
The unique amount of addresses interacting on the $LINK network has surged to a near 3-month high, a promising indicator.
Courtesy: Santiment
Despite the recent bull run, Chainlink is still trading at over a 20% discount from its all-time high of $53 on May 10, 2021.
The Launch of Arbitrum One
Last week on August 13, Chainlink Labs launched its own data oracles Arbitum One. This is a fully-featured Optimistic Rollup layer 2 network enabling low-cost and highly scalable smart contracts.
The Arbitrum One integration will allow Chainlink developers to get access to financial
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