Chainlink Reserve Surpasses 417,000 LINK Tokens Amid Price Decline
Chainlink's on-chain reserve has surpassed 417,000 LINK tokens, reinforcing its growth and sustainability strategy. However, the LINK price currently stands at $22.35, having decreased by 1.43% over the last 24 hours and 3.79% over the past 30 days. Despite this, there was a 10.17% rise in the last week, indicating profit-taking by investors.
- Chainlink Reserve accumulated 46,441 LINK this week, totaling 417,461 LINK.
- The reserve initiative is funded by offchain revenue and on-chain service usage, crucial for network sustainability.
- Payment Abstraction converts service fees to LINK automatically, with large organizations contributing without disrupting billing infrastructure.
- The growth reflects increased institutional adoption and integration into traditional financial systems.
Recently, Chainlink partnered with DualMint to connect businesses with DeFi through tokenized real-world assets.