Chainlink price has been showing strength this cycle, and analyst Miles Deutscher believes it may be the most obvious large-cap play in the market right now.
He points to the rapid growth of real-world asset tokenization, where the total value locked has jumped from around $1 billion to over $13 billion in just two years.
According to Deutscher, institutions are moving away from the outdated SWIFT system because they want faster, unified solutions. Wall Street giants like BlackRock and companies such as Stripe and Circle are now pushing for tokenization.
In this multi-chain environment, a universal translator is needed, and Chainlink provides that role. It already powers 84% of the oracle market on Ethereum, making it essential infrastructure for a multitrillion-dollar shift.
He also notes that while many once believed XRP would dominate institutional adoption, Chainlink has gained more traction in this space.
With Chainlink securing over $84 billion in total value compared to XRP’s $85 million in DeFi TVL, Deutscher argues that LINK offers stronger value potential at current prices.
Chainlink Strong Tokenomics and a Self-Reinforcing Flywheel
Deutscher breaks down Chainlink’s tokenomics as one of its biggest strengths. The network earns revenue through on-chain fees and enterprise deals with major financial institutions.
This revenue, whether paid in ETH, USDC, or other assets, is automatically converted into LINK and stored in the Chainlink Reserve.
Staking adds another layer to the system. Users lock their LINK to secure the network and earn yields of about 4.3%. This creates a persistent supply sink, reducing the available tokens on the open market.
$LINK might be the most obvious large-cap play for this cycle (yet most people will miss it).
— Miles Deutscher (@milesdeutscher) August 13, 2025
It’s the #1 winner from the institutionalisation of crypto and the explosive growth of stablecoins, tokenisation, and RWAs.
🧵: Why I’m betting big on $LINK – the full thesis.👇
Deutscher describes it as a flywheel effect: more adoption leads to higher revenue, which leads to more LINK being purchased and locked, improving network security and creating more utility.
This model directly links growth in adoption to buying pressure, something Deutscher says is rare and powerful in the crypto market.
LINK Technical Breakout Signals Potential Upside
From a technical perspective, LINK has recently broken above the $20 weekly resistance level, which Deutscher compares to Ethereum’s key $4,000 zone. This level has acted as a major pivot point for years, and breaking it suggests momentum is building.
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Deutscher says he already holds LINK in his long-term portfolio but recently added to his position after the breakout. He sees potential for multiple gains from here, driven by the strong narrative around Chainlink’s role in the tokenized asset market.
Deutscher compares Chainlink to the likes of AWS or Azure, calling it the core B2B infrastructure for the on-chain economy. If the tokenization trend continues at its current pace, he believes Chainlink could be one of the biggest winners of this cycle.
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