Demex Daily #163: Chainlink Surges on Swift Collaboration and ETF Optimism

What’s Interesting Today:

Chainlink's native token, LINK, experienced a notable increase in value amid generally quiet crypto markets due to the U.S. Memorial Day holiday. The rise is attributed to positive developments, including an upcoming presentation with Swift at the Consensys conference and a favorable outlook following the approval of Ethereum ETFs. Chainlink has been expanding its interoperability across multiple blockchains and was recently highlighted by the investment firm 21Shares for revolutionizing tokenization. Despite these positive trends, LINK still has a significant climb to reach its historic peak from 2021.

Taiko, a permissionless Ethereum-Equivalent ZK rollup, has officially launched on the mainnet after two years of development. Proposed by Ethereum co-founder Vitalik Buterin, Taiko utilizes a Based Contestable Rollup (BCR) system, combining based sequencing with a contestation mechanism and multi-proofs. This approach allows transactions to be sequenced by Ethereum block builders, ensuring the network inherits security and liveness guarantees from Ethereum. Initially, the Taiko team will exclusively handle block proposing and proving to ensure network stability before opening it up to broader participation.