Chainlink (LINK) extended its weekly rally on July 16, 2026, trading at $8.50, up 1.71% in 24 hours and 11.71% over the past 7 days, as the protocol's Cross-Chain Interoperability Protocol (CCIP) continues to gain traction among major DeFi platforms and enterprise users. The token's market capitalization reached $6.36 billion, with 24-hour trading volume of $300.6 million, positioning LINK as the 17th largest cryptocurrency by market cap.