Chainlink has launched the Chainlink Reserve, a strategic onchain reserve of LINK tokens designed to support the long-term growth and sustainability of the Chainlink ecosystem. The reserve is funded by converting both onchain service usage revenue and offchain revenue from large enterprises adopting Chainlink's services into LINK tokens. This process includes payments made by enterprises in fiat or stablecoins, which are programmatically converted to LINK through a mechanism called Payment Abstraction. The reserve is intended to accumulate LINK tokens over multiple years without withdrawals, effectively creating a supply shock and an accumulation machine driven by protocol adoption. The initiative aims to align incentives, reduce sell pressure, and enhance the value capture of the LINK token as Chainlink expands its integration with traditional financial institutions and DeFi applications. Notable partnerships include Mastercard, J.P. Morgan's Kinexys, and Intercontinental Exchange (ICE), which recently collaborated with Chainlink to bring high-quality forex and precious metals market data onchain. This collaboration is expected to support the growth of tokenized asset markets, which Chainlink estimates could reach $30.1 trillion. Chainlink co-founder Sergey Nazarov has emphasized the importance of the Chainlink Reserve in connecting enterprise adoption to the protocol's economics and token value. Following the announcement, LINK's price increased by 11%, reflecting market optimism about the reserve's potential impact on the ecosystem.
Chainlink featured on @CoinDesk Chainlink Teams Up With NYSE-Parent ICE to Bring Forex, Precious Metals Data On-Chain The collaboration adds ICE’s market data to Chainlink Data Streams, aiming to support tokenized asset markets. https://t.co/kz74ScO9Cp
$LINK X @ICE_Markets BULLISH AF 🔥🔥 Chainlink says the demand for tokenized real-world assets is expected to reach $30.1 trillion ... ya'll do understand that $ETH is the primary beneficiary of this tailwind right? (SEC's Project Crypto is obvi part of this too) https://t.co/RD6ziNAXOT
Big Chainlink News on @Cointelegraph ICE taps Chainlink to bring forex and precious metals data onchain Chainlink partnered w/ Intercontinental Exchange to integrate forex and precious metals data from ICE’s Consolidated Feed into Chainlink Data Streams.https://t.co/ECi2tnPbwd