The recently announced ChainLink reserves has already started a strong start, hardly two weeks since its launch. ChainLink has just released an update, and revealed that it added more symbols to the reserve.
Chainlink shows its commitment to Sainlink backup plans
In the latest update, the network revealed that it added 41,105.84 links to the Chainlink Reserve. An amount deserves a little more than one million dollars in the value of Fiat. According to Reserve data, The total number of coins in the reserve is now a link of 150,770.02, at a value of approximately $ 3.8 million.
This development comes just two weeks after the network launch of the reserve initiative. The team at the time stated that the symbols will accumulate using real revenues from institutional users and services at the protocol level.
If the network maintains a similar or reserve deposit rate, the bond reserves may affect the price procedures. However, deposits can see a great acceleration on the road as the Sainlink network achieves more adoption and interest.
The market reaction was with a link when the news of ChainLink reserve erupted earlier this month. This last update has not caused any major impact on the linking price.
The association price has decreased by about 5 % in the past 24 hours. This selling pressure occurred after facing a short -term resistance near the price level of $ 27, after an increase of 66 % of the lowest point in August.
Why Chainlink ISO 27001 and SOC 2 Agreement is great
Chainlink also announced that it is now Compatible with ISO 27001 and SOC 2 standards. This is the first Oracle provider in the series to secure this level of compliance.
This achievement is a major milestone in the network plans for institutional partnerships in the financial industry. It is said that the gold standards needed by banks to do works on the chain. Consequently, certificates will raise the Chainlink series to the level of confidence needed for safe banking services.
Consequently, the compliance certificate represents a pivotal moment, especially now that the banks have pushed strongly towards the Web3. The development emphasized the possibility of a series of the largest banking institutions. The result that can generate more revenue for the network, which in turn will pay to the highest customization in ChainLink reserves.
These developments highlight more growth capabilities for Chainlink, which can also escalate in the bullish direction of LINK. Especially given that combining Chainlink services with banks will achieve more revenues.
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2025-08-21 20:45:00
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