Chainlink Breaks Out on Strong Fundamentals Amid Tokenized Stocks Boom
Chainlink's price has broken out of its downtrend and is currently trading at $11.793, up 1.43% from last week's high. The breakout was driven by a record week of ETF inflows, with $LINK ETFs pulling in $13.35 million, the strongest week of 2026. Coinbase's tokenized US stocks also went live on Base, using Chainlink Data Feeds for continuous pricing.
The launch of Coinbase's tokenized stocks is significant, as it brings names like Apple, Nvidia, and Meta on-chain for eligible non-US users to trade around the clock. Chainlink Data Feeds provide the pricing behind these tokens, allowing DeFi protocols to use them in lending markets and decentralized exchanges.
Chainlink's Cross-Chain Interoperability Protocol (CCIP) has also attracted $15 billion in migrating tokenized assets from firms like BitGo, Kraken, and Mantle. This is a significant development, as it positions CCIP as core infrastructure for institutions moving value on-chain.