Chainlink, a blockchain oracle network, has made headlines with its remarkable 16% overnight surge after releasing research on its collaboration with top finance industry companies. This significant development marks a milestone in the project's growth, which has been gaining momentum in recent weeks. With its current trading price of $16.43, Chainlink is extending its gains, positioning itself as a go-to provider of data linking multiple blockchains with traditional finance.

Chainlink's innovative Smart NAV service has the potential to revolutionize decentralized trading by bringing trusted financial data to the blockchain ecosystem. In partnership with DTCC, a market infrastructure provider, Chainlink aims to build new pricing data for mutual funds, which can be applied to multiple blockchains. This collaboration has already gained traction, with J.P. Morgan, a leading financial institution, joining the expansion of oracles between traditional trading and blockchains.

The Smart NAV report highlights the direction of data flow from funds and external data to multiple blockchains, showcasing Chainlink's ability to provide chain-agnostic services. This service will extend the existing DTCC facility, Mutual Fund Profile Service I, the financial industry standard for sending out rate and price information. With its presence, Chainlink can secure a single interface layer, allowing all blockchains to seek data and potentially setting a unified standard in the blockchain industry.

Chainlink's growth is expected to continue, with its potential partnerships boosting its position in the market. The introduction of the official tool could significantly impact decentralized finance, offering more assets tied to the value of the traditional financial system. The data would be verified and reliable, eliminating the possibility of tampering. This development also means Chainlink has the potential to connect the legacy banking sector to blockchains, removing the need for separate integration and setting a unified standard. As Chainlink expands the possibilities for tokenization and investments, its growth trajectory is expected to be significant, potentially taking LINK to the $30 range.