- Chainlink (LINK) surges 6.51% to $15.49 driven by increased adoption of its decentralized oracle network and secure smart contract capabilities.
- Avalanche (AVAX) gains 7.08%, reaching $22.3 as its high-speed Layer 1 blockchain attracts more traders and dApp developers.
- Hedera (HBAR) jumps 7.57% to $0.1980 fueled by enterprise adoption of its hashgraph consensus for scalable and efficient transactions.
This week real-world asset tokens are on the rise with Chainlink, Avalanche, and Hedera leading the charge. As investor interest spikes, these blockchain networks demonstrate their growing impact on the decentralized economy.
Chainlink (LINK) Gains Momentum with a 6.51% Surge
Source: Coinmarketcap
Chainlink(LINK) showed a significant upward trend, gaining 6.51% in daily market performance reaching $15.49. The decentralized oracle network gained increased interest from investors as shown by the market capitalization reaching $9.88 billion. The blockchain abstraction layer of Chainlink grants secure external data source access to smart contracts alongside event monitoring and payment system capabilities.
The platform grows through active contributions from its decentralized community of data providers alongside node operators, developers, and security auditors. The recent rise in token value demonstrates extended support for the blockchain network’s ability to enable actual applications applicable to blockchain technology.
Avalanche (AVAX) Rises 7.08% Amid Growing Adoption
Source: Coinmarketcap
Avalanche (AVAX) experienced a 7.08% surge in value raising its price to $22.36. Market capitalization surged to $9.25 billion because traders participated in the network. The Layer 1 blockchain Avalanche provides both decentralized applications and custom blockchain network capabilities through its scalable platform.
The blockchain offers a transaction speed of 6,500 transactions per second. The Avalanche blockchain functions with three distinct chains, namely X-Chain , C-Chain and P-Chain, which perform different tasks. The rising value of AVAX demonstrates continuous growth in interest for the platform’s efficient consensus mechanism and network capabilities.
Hedera (HBAR) Reaches $0.1980 with a 7.57% Gain
Source: Coinmarketcap
Hedera (HBAR) experienced a 7.57% price increase, reaching $0.1980. The market capitalization of $8.29 billion combined with a 24-hour trading volume of $410.76 million led to a price increase of $0.1980.
The Hedera public network caters to businesses through its enterprise-grade architecture which enables efficient decentralized application operation and stability improvements. The hashgraph consensus system employed by Hedera operates delivers increased transaction speeds and better scalability. Developers and enterprises have increased the use of the platform, which has led to a rise in its market value.
