New Meme Tokens Join Chainlink Network
Crypto/Finance/Tech

New Meme Tokens Join Chainlink Network

Several popular meme-based cryptocurrencies have been integrated into Chainlink's services, expanding their visibility and accessibility across various blockchain networks.

Overview

A number of popular meme coins, such as Shiba Inu (SHIB), Simon’s Cat (CAT), and Mog Coin (MOG), have recently been integrated into Chainlink services. This affiliation allows them to be utilized across multiple blockchain networks as well as in data streaming services.

Key Highlights

  • Over the weekend, several key meme tokens were incorporated into Chainlink services.
  • Tokens added include SHIB, Turbo, Apu, CAT, Coq Inu, GOAT, HMSTR, and MOG.
  • This integration enhances the visibility and distribution of these tokens, which ultimately aids in driving investments and usage on various blockchains.

The Impact of Cross-Chain Integration

In recent days, SHIB and its associated tokens adopted the Chainlink Cross-Chain Token (CCT) standard, enabling availability on 12 different blockchains.

These streams employ an oracle model, ensuring continuous access to market data off-chain, which can then be verified on-chain when necessary.

The Growth of Chainlink

As Chainlink expands its services, its native LINK tokens experienced an uptick, overcoming a slight decline in Bitcoin's market value over recent days.

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