Chainlink (LINK) Surpasses Ethereum in Development Activity Amid Growing Institutional Adoption and e-HKD Pilot

• Chainlink (LINK) has recently surpassed Ethereum in GitHub development activity, underscoring its expanding influence in real-world asset (RWA) tokenization and institutional blockchain adoption.

• The project’s pivotal role in Hong Kong’s e-HKD Pilot Program highlights its growing utility in securing cross-border CBDC and stablecoin transactions, attracting major financial institutions.

• According to COINOTAG sources, LINK’s price surged by 8% following the e-HKD pilot announcement, with technical indicators signaling sustained bullish momentum despite existing resistance levels.

Chainlink outpaces Ethereum in development activity, advances RWA tokenization, and drives institutional adoption via Hong Kong’s e-HKD Pilot, boosting LINK price and market confidence.

Chainlink Surpasses Ethereum in GitHub Activity, Cementing RWA Leadership

In a significant development within the blockchain ecosystem, Chainlink (LINK) has overtaken Ethereum (ETH) in GitHub development activity over the past 30 days, as reported by analytics firm Santiment. This milestone not only reflects Chainlink’s accelerating innovation but also reinforces its position as a leading infrastructure provider for real-world asset (RWA) tokenization.

Chainlink’s elevated ranking—second overall in GitHub events compared to Ethereum’s eighth place—demonstrates a robust developer engagement that is critical for sustaining long-term project viability. This surge is particularly notable given Ethereum’s established dominance in smart contract platforms.

As Santiment analysts observed, “While most of crypto stays flat Tuesday, Chainlink (+7.7%) and Ethereum (+6.3%) have continued to break out. These two projects are known for their top ranked developing teams. Over the past 30 days, LINK has had the 2nd most notable github events and ETH is in 8th.”

Chainlink’s technical advancements are complemented by its growing institutional adoption. Co-founder Sergey Nazarov highlighted the network’s ability to address three critical challenges for institutional smart contracts: secure data feeds, cross-chain connectivity, and compliance standards. This was exemplified in a complex transaction involving ANZ and Fidelity International under the Hong Kong Monetary Authority’s regulatory framework.

“As more top institutions adopt the Chainlink standard for on-chain institutional transactions, the network’s value and standards strengthen for current and prospective participants,” Nazarov stated, emphasizing Chainlink’s expanding ecosystem.

Chainlink’s Role in Hong Kong’s e-HKD Pilot Enhances Institutional Trust

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) recently played a crucial role in the Phase 2 e-HKD+ Pilot Program, facilitating the secure exchange of Hong Kong’s central bank digital currency (CBDC) with an Australian dollar stablecoin. This pilot involved key financial institutions such as Visa, ANZ, China AMC, and Fidelity International, showcasing Chainlink’s capability to support complex cross-border digital asset transactions.

The announcement triggered a notable market response, with LINK’s price climbing approximately 8% from $13.90 to $14.60, reflecting increased investor confidence in Chainlink’s infrastructure as a foundational layer for institutional blockchain adoption.

Chainlink’s official Twitter account celebrated the milestone: “We’re excited to share that Chainlink is facilitating the secure exchange of a Hong Kong CBDC and an Australian dollar stablecoin as part of an ongoing use case in Phase 2 of the e-HKD+ Pilot Program. Congratulations to participants @Visa, ANZ, China AMC, and Fidelity.”

Crypto analyst Quinten François remarked, “There simply isn’t a project with the institutional adoption of Chainlink,” underscoring the network’s unique positioning in the market.

Technical Analysis: LINK Price Faces Resistance but Shows Bullish Potential

Despite the positive fundamentals and institutional momentum, Chainlink’s price currently encounters resistance within a supply zone ranging from $16.04 to $17.43. Additionally, the upper trendline of a falling wedge pattern presents a technical barrier that LINK must overcome to sustain its upward trajectory.

If LINK successfully breaks and maintains above this trendline, it could trigger a significant rally, potentially achieving a 57% price increase based on the wedge’s measured target. This breakout would signal strong bullish momentum and validate Chainlink’s growing market relevance.

Technical indicators support this optimistic outlook. The 50-day Simple Moving Average (SMA) has flipped into support at $15.07, while the 100-day SMA provides additional backing at $14.35. The Relative Strength Index (RSI) currently sits above 50, indicating growing buying pressure and momentum among LINK bulls.

Traders are advised to await a confirmed candlestick close above $16.70, the midpoint of the supply zone, before entering long positions to mitigate risks associated with potential resistance rejection.

Conversely, failure to breach the upper trendline could result in a price pullback, with the 50-day SMA reverting to resistance and the 100-day SMA at $14.35 serving as a critical support level. A breakdown below the demand zone between $10.78 and $11.46 would expose LINK to further downside risks.

Conclusion

Chainlink’s recent surpassing of Ethereum in GitHub development activity and its instrumental role in the Hong Kong e-HKD Pilot Program underscore its growing prominence in the blockchain ecosystem, particularly in real-world asset tokenization and institutional adoption. While technical resistance poses short-term challenges, the overall bullish momentum supported by strong fundamentals and strategic partnerships positions LINK favorably for future growth. Investors and traders should monitor key technical levels closely to capitalize on potential breakout opportunities.