Here’s the full scope, impact of Chainlink’s latest integration on LINK

ambcrypto.com:

Chainlink’s [LINK] mission to continue as the crypto-ecosystem standard oracle network was met with another development recently. According to its official Twitter page, it was able to integrate four applications on its expanding network over the course of the week.

⛓️ Integrations on #BNBChain and #Polygon ⛓️

• @bountyblok | VRF + CPF | Supporting fair contests, giveaways, and #NFT initiatives • @DeHealth_World | Keepers + CPF | Distributing rewards and displaying accurate fiat values pic.twitter.com/pHdy5TDvs0

— Chainlink (@chainlink) September 15, 2022

The hybrid smart contracts blockchain integrated across the Polygon network, and on Binance Smart Chain (BSC). Of all the applications, the most notable one is DeHealth, which operates on the BSC. The Decentralized Application (DApp) works by securing and monetizing medical data. 

With the integration, it can be argued that Chainlink’s native cryptocurrency may soon head in the right direction. At press time, LINK had hiked by 2.32% on the charts, with the altcoin trading at $7.90. While investors may have considered this uptick minimal, it was also LINK’s highest price point since 13 September. 

However, the development’s impact did not end with LINK’s price. Santiment data showed that the aforementioned updates corresponded with positive on-chain developments. According to the same, active addresses surged from 561 to 1142, as of 16 September.

Despite the reversal to 708 at press time, the BNB-LINK chain was still not at an extremely low level as the addresses were at their highest level since 24 June.

Source: Santiment

On the volume front, it was not the same story. Santiment revealed that there was a slight drop from