Chainlink, a leading decentralized oracle network, has launched the Chainlink Reserve, a strategic onchain reserve of LINK tokens designed to support the long-term growth and sustainability of its ecosystem. The Reserve is funded by converting both onchain service usage revenue and offchain revenue from large enterprises, which pay for Chainlink services in fiat or stablecoins. Through an automated process called Payment Abstraction, this revenue is programmatically converted into LINK tokens that are then accumulated in the Reserve. The initiative aims to reduce sell pressure on the token by locking up a portion of the supply, effectively creating a supply shock that could enhance the token's value capture as adoption grows. Chainlink's CEO Sergey Nazarov highlighted that no withdrawals from the Reserve are expected for multiple years, making it an accumulation mechanism driven by increased protocol adoption. The Reserve also facilitates payments in any currency, converting them to LINK, which is central to Chainlink's ecosystem and its integration with traditional financial institutions. The launch has been positively received in the market, with LINK’s price rising by approximately 11% following the announcement. Institutional adoption continues to expand, with companies like Mastercard and Kinexys by J.P. Morgan leveraging Chainlink’s technology. The Reserve has already attracted over $1 million in LINK from large holders, who now control about 0.67% of the token’s supply. Overall, the Chainlink Reserve represents a novel economic upgrade that aligns enterprise adoption with token accumulation to foster a more sustainable and efficient blockchain ecosystem.
The world is waking up to $LINK Still one of the biggest opportunities https://t.co/hL0NUR2ByS
$LINK/usdt WEEKLY Breakout target $31 is firmly in sight for $LINK 🚀🚀 https://t.co/mLjYlDQ5gI
Update: $LINK broke $19.25, retested it (on the 4h that candle is visible) before continuing its rip. Currently sitting at $21. I expect it to go to $22 before potentially seeing some sort of pullback. https://t.co/gC3MZM0CJr https://t.co/2EzDXQbHbg