Nikolas Sargeant
Chainlink announced on Thursday via X that Chainlink Functions & Automation have officially upgraded from being stand-alone services to CRE workflows.
This consolidation supports a unified dev experience that reduces integration friction while strengthening the network's economics via reduced operating costs.
Leading protocols have already upgraded to CRE, including Aave, Polymarket, SKY, and Opinion.
Chainlink is powered by the LINK token, which is used to pay for platform services and secure the network’s proper functioning. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve.
Chainlink is at the forefront of financial innovation and the global tokenization trend. Traditional financial institutions and infrastructure, such as SWIFT, DTCC, Euroclear, J.P. Morgan, Mastercard, the Central Bank of Brazil, UBS, SBI, Fidelity International, ANZ, and many others, are adopting Chainlink as a fundamental infrastructure as they move toward tokenizing trillions onchain. Demand for Chainlink has already generated hundreds of millions of dollars in revenue across a variety of traditional and decentralized use cases.
Chainlink Network (LINK) aims to provide tamper-proof inputs and outputs of data for smart contracts on any blockchain. LINK is down 0.3% over the past 24 hours, trading at $8.15.
