Haciyev Reşit 
Amid sharp price fluctuations and growing uncertainty in the cryptocurrency market, a noteworthy assessment regarding Chainlink (LINK) has come from Bitwise. In a blog post, Bitwise CIO Matt Hougan argued that Chainlink is not sufficiently understood by investors and therefore does not receive the valuation it deserves. According to Hougan, regardless of its price performance, LINK is one of the fundamental building blocks of the crypto ecosystem, yet it has not fully captured the attention it merits.
“Chainlink Is One of the Least Understood and Most Important Projects”
In his commentary, Hougan described Chainlink as one of the most undervalued cryptocurrencies, stating:
“I think Chainlink is one of the least understood, most important, and probably most undervalued projects in crypto.”
According to Hougan, investors largely overlook Chainlink’s critical and central role within the crypto infrastructure. LINK goes far beyond being just another altcoin; it stands out as a core layer that enables blockchains to function securely and reliably. The Bitwise CIO emphasized that, independent of price action, Chainlink provides indispensable infrastructure for the operation of the crypto market.
The Backbone of Crypto Infrastructure: Chainlink
Hougan highlighted that Chainlink enables otherwise isolated blockchain systems to securely interact with real-world data, financial markets, and other blockchains. According to him, Chainlink plays a vital role in areas such as:
- Price feeds for stablecoins
- Proof of Reserve (PoR) systems
- Cross-chain transfers
- Tokenization projects
- Regulatory compliance and payment infrastructure
He noted that tokenized stocks and bonds, in particular, rely on Chainlink infrastructure for regulatory compliance and payment mechanisms, reinforcing LINK’s long-term strategic importance.
Strong Institutional Adoption
Hougan also stated that DeFi applications, prediction markets, and on-chain derivatives products are heavily dependent on Chainlink technology. Moreover, the use of Chainlink infrastructure by global financial institutions such as SWIFT, DTCC, JPMorgan, Visa, Mastercard, and Fidelity clearly demonstrates the level of institutional adoption the project has achieved.
Matt Hougan’s remarks once again bring Chainlink to the forefront not merely as an altcoin, but as a foundational pillar of the crypto financial infrastructure. According to analysts, regardless of short-term price movements, LINK may continue to increase its strategic importance over the long term alongside the growth of the broader crypto ecosystem.
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