LINK price retreated to a key support level after Chainlink acquired Atlas, a platform developed by Fastlane.
Summary
- LINK price retreated and erased all gains made this year.
- Chainlink acquired Atlas from Fastlane.
- The buyout will help to support the ChainlinkSVR service.
Chainlink (LINK) was trading at $12, its lowest level since January 1, meaning that it has erased all gains made earlier this year. It has fallen by 56% from its 2025 high.
Chainlink acquires Atlas
In a statement, Chainlink, the biggest oracle in the crypto industry, said that it had acquired Atlas, a product developed by Fastlane. It also onboarded key Atlas employees.
The buyout will help Chainlink gain an edge in the order flow and value recapture industry under the Chainlink standard. Also, Atlas will now support Chainlink SVR, which is now available on chains like Ethereum, Arbitrum, Base, and BNB Chain.
Atlas is a popular product used by DeFi protocols like Compound and Venus to recapture value by powering application-specific order flow auctions like liquidations. Alex Watts, the CEO of FastLane, said:
“Bringing Atlas together with Chainlink creates the most credible path for DeFi protocols to recapture value onchain at scale. Chainlink is best positioned to lead the OEV market and advance Atlas through its industry-leading SVR product.”
The buyout came a day after Chainlink launched Equities Streams, which will deliver 24/5 data on US stocks and exchange-traded funds. It will offer this data across the regular, after-hours, and overnight sessions. This service will help companies easily offer U.S. stocks and ETFs as tokenization growth continues.
Chainlink has positioned itself as a key part in the tokenization industry and has already inked partnerships with companies like JPMorgan, UBS, and Euroclear.
LINK price technical analysis
The daily chart shows that the Chainlink price has pulled back and erased all its gains this year. It has dropped to its lowest level since January 1, and is now hovering at its lowest point in 2025.
The coin has fallen below the 50-day moving average and is slowly forming a bearish flag pattern. This pattern consists of a vertical line and a channel, resembling a flag.
Therefore, technical indicators suggest the LINK price may drop further in the near term despite its strong fundamentals. If this happens, the next key level to watch will be at $10.