2024 has been a transformative year for Chainlink, with remarkable strides made through its Build and Scale programs.
Both initiatives have fostered growth, collaboration, and innovation within the Chainlink ecosystem, attracting developers and projects from across the blockchain industry.
The Scale program has expanded significantly this year, with 16 blockchain networks now participating and over 4,000 developers leveraging Chainlink’s technology. The program has achieved a key milestone of over 300 million Total Verified Messages (TVM), reflecting its growing adoption.
Hackathons have played a pivotal role in driving innovation, with 1,878 participants creating 176 projects across Scale chains in 2024.
The Build program welcomed 41 new teams this year, further solidifying its role as an innovation hub. Highlights include 1.45 million impressions for momentum threads, 81 speaking opportunities for members at major events, and 10+ collaborative efforts between Build teams. Notably, 7 of the 16 Scale blockchains now host Build projects, showcasing synergies between the programs.
As analysts highlight bullish signals for Chainlink ($LINK), a whale identified as 0x225…Bf239 has drawn attention. The whale, who accumulated 210,000 $LINK tokens at an average price of $14.32 since February 2023, recently transferred $4.99 million worth of $LINK to an exchange at $23.67. If sold, this would yield a 65.3% profit, totaling $1.97 million.
Analyst Ali Martinez predicts a potential $LINK price rebound if the $26.80 support holds, with targets at $28.50 or even $30.20. The whale’s move and market indicators underscore a dynamic year for Chainlink, marked by both programmatic growth and market speculation.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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Image Source: skorzewiak/123RF // Image Effects by Colorcinch
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