Grayscale Identifies Chainlink as Core Tokenization Infrastructure as LINK Tests $11.65 Support

Grayscale Research released a report positioning Chainlink as essential middleware connecting blockchain networks with traditional financial systems, describing LINK as the largest Utilities & Services sector token by market capitalization. Trader Rick Barber identifies $11.65 as a critical support level that has held since 2024. The report challenges narrow oracle classifications, framing Chainlink as modular infrastructure enabling banks and asset managers to integrate blockchain technology while maintaining compliance frameworks.