Chainlink Soars 12% as Coinbase Integrates Oracle for Tokenized Stocks

Chainlink's price surged 12% to $12.06 as Coinbase integrated it for tokenized stock pricing on its Base network.

This integration supports accurate real-time pricing essential for DeFi lending and trading of tokenized stocks, expanding Chainlink's role in decentralized finance.

The tokenized securities market has grown significantly, with a market cap rising from $329 million to $1.7 billion in a year.

Monthly transfer volumes have soared 170-fold, driven by institutional interest in the space.