Bank of America spoke positively about the potential of Chainlink (LINK).
The world-renowned bank claimed that the blockchain oracle service provider will drive blockchain adoption to the gaming, gambling and insurance industries.
According to the research report published by the bank, Chainlink may be one of the driving forces behind the increase in the value of assets locked to DeFi. The number locked to DeFi has increased by more than 300% since last year.
Bank of America analysts stated that oracles enable next-generation blockchain use and could disrupt major industries.
Large companies such as Associated Press and AccuWeather have already embraced Chainlink.
LINK is trading at $15.68 at the time of writing, according to CoinMarketCap data.
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