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Chainlink Reserve Grows 300% Reaching $4.4M in LINK Tokens

Chainlink Reserve Grows 300% Reaching $4.4M in LINK Tokens

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by Giorgi Kostiuk

2 days ago

The Chainlink Reserve recently demonstrated significant growth, surpassing $4.4 million owing to active LINK token accumulation.

LINK Accumulation Strategy

The Chainlink Reserve, launched in August, has accumulated nearly 193,100 LINK tokens, facilitated by regular weekly purchases. Notable acquisitions include 65,543 LINK on August 7, 44,110 LINK on August 14, and 42,298 LINK on August 28.

Impact on Chainlink Economy

The LINK accumulation is funded through both onchain and offchain revenue. This supports sustainable ecosystem growth. Over the past month, the total value secured by Chainlink increased by 10.68% to $93.69 billion.

Since its launch, the reserve has increased its total holdings by 300% to about 193K LINK tokens.CITE_NA

Partnership with Demether

AI-powered protocol Demether has joined the Chainlink Build program, allowing it to utilize Chainlink's oracle infrastructure for enhanced security and reliability in AI-driven decentralized finance.

The Chainlink Reserve continues to grow, underscoring its vital role in the sustainable development of blockchain infrastructure and appeal to institutional users.

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