Chainlink CCIP Enables TAO Swaps on Base
Chainlink (LINK)
Editor:
Eugene Serbin
cryptotimes.io reports that Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is facilitating the expansion of TAO to the Base network. Chris Barrett, Senior Director of Communications at Chainlink Lab, confirmed via X that this integration enables TAO swaps on Aerodrome for the first time. CCIP provides the messaging and transfer infrastructure connecting Bittensor assets to Base, allowing users to exchange TAO against assets like USDC.
Simultaneously, Chainlink DataLink is supporting lending and borrowing markets for wARS, a tokenized Argentine peso, by supplying necessary reference data. These moves follow an earlier announcement regarding Coinbase’s cbBTC being added to Robinhood Chain, where CCIP handles token transfers. At the time of writing on August 29, TAO traded at $238.33, down 0.5 percent in 24 hours.
The token’s market capitalization stood at $2.288 billion with a fully diluted valuation of $5.005 billion. Twenty-four-hour trading volume reached $109.293 million, while the circulating supply measured 9.597 million against a maximum of 21 million. Over seven days, TAO rose 6.0 percent, with a weekly range extending from $215.12 to $259.89.
The all-time high of $757.60 from March 7, 2024, remains 68.5 percent above the current price. All three deployments rely on Chainlink systems to apply shared interoperability standards across different assets and venues.
How the market reacted
Whalio's own Binance spot order flow for LINK, measured when this story was written up on 29 August 2026. Not the outlet's figures.
Whalio data shows LINK trading at $11.43 with a 1-hour buy ratio of 43.8% and a 4-hour buy ratio of 52.9%, compared to a 24-hour ratio of 45.8%. The 4-hour buy ratio indicates stronger buying pressure in the short term than the broader 24-hour average, suggesting recent accumulation. However, the 1-hour volume delta is negative at -$47,354, while the 4-hour delta is positive at +$228,337, indicating that immediate selling pressure has offset recent buying in the last hour. Volume delta measures the net difference between buy and sell volume, revealing whether aggressive market orders are pushing price up or down. Despite a positive 24-hour cumulative volume delta of +$454,755, the 24-hour volume delta is negative at -$2,512,806, showing that overall selling pressure has exceeded buying over the full day. Spot volume for LINK reached $30,005,487 with 391,074 trades in the last 24 hours.
The latest daily buy ratio of 49.4% sits at the 56th percentile of the last 322 days, against a median of 48.8% - ordinary for this coin.
Twenty-four hours later
What LINK did over the 23 hours after the story broke. The market moves for its own reasons; this is what happened, not what the story caused.
Was that an ordinary day?
The same Binance spot measurements for LINK, averaged over the days leading up to the story.
Over the preceding week, LINK experienced a price change of -4.6% and saw only 2 days of net buying out of 7. The 7-day average buy ratio was 49.8%, which is 4.1 percentage points higher than the latest day's reading, indicating a recent dip in buying sentiment. Volume was just 0.58x the average, showing significantly lower activity than usual. This represents an unusual day for the coin, as both volume and buying intensity dropped below their weekly norms. The total volume delta for the 8-day period was -$69,697, contrasting with the positive 24-hour cumulative delta seen earlier.