Altcoin Chainlink (LINK) has been performing well in the crypto market, with a weekly gain of around 6% while Bitcoin remains stagnant. The rise in Chainlink's price is attributed to heavy whale accumulation and a recent breach of resistance at $7.7, with a new resistance level at $9. On-chain data from Santiment shows that Chainlink had a massive transaction volume of $344 million on July 26, compared to $211 million the previous day.

Additionally, the Chainlink Cross-Chain Interoperability Protocol (CCIP) has launched on several mainnets, aiming to connect all blockchains into one and provide a significant upgrade for crypto and web3.