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Despite being in a bear market, Chainlink continues to experience widespread adoption as the demand for its services increases. Over the past week, 14 new integrations of Chainlink’s services have taken place across BNB Chain, Ethereum, and Polygon.
In 2022, Chainlink has expanded its support to various prominent blockchains, powering applications across Web3. Price feeds have seen significant demand on L2 platforms like Arbitrum, which brings scalability to Ethereum dApp developers. Chainlink has also expanded to Avalanche, with Avalanche becoming the first member to integrate all Chainlink services on mainnet.
Chainlink played a role in helping the Ethereum network achieve the Ethereum Merge, with its node operators and data providers successfully navigating the transition without any service disruptions.
Other notable integrations include Gnosis Chain completing the Gnosis Merge and Fantom Foundation supporting its developer ecosystem through the integration of Chainlink’s VRF and automation services. Polygon continues to support high-quality education for Web3 developers and has widely adopted Chainlink services within its ecosystem.
Despite its impressive adoption, Chainlink’s native token LINK has traded at discounted prices throughout the year, presenting an opportunity for investors.