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Assessing LINK’s Sluggish Performance on the Back of Kwil Update

Chainlink [LINK] recently announced that Kwil, which is a protocol for designing, building, and deploying permissionless databases, had joined Chainlink BUILD. With Chainlink’s community reach and technical support, Kwil will be able to hasten the adoption of its decentralized database system. 

Kwil will profit significantly from BUILD, including access to and integration of Chainlink services, access to beta and alpha releases of new Chainlink products, and more.

However, this did not help LINK on the price front, as it registered a decline of over 3% in the last 24 hours. As per CoinMarketCap, at the time of writing, LINK was trading at $5.61 with a market capitalization of over $2.8 billion. 

(By Suzuki Shillsalot)

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