Chainlink Accumulates 99,103 LINK as Reserve Strengthens Network Sustainability

CryptoNewsFlash
LINK0,23%
ETH0,47%
CRE2,78%

  • Chainlink Labs has acquired nearly 100,000 LINK tokens for its reserve, bringing the total number of tokens to over 1.7 million.
  • The company’s stash is now worth $19.1 million, but at an average LINK cost basis of $16.2, it has lost 34% of its investment.

Chainlink Labs has acquired nearly 100,000 LINK tokens for its reserve as it seeks to strengthen the network’s sustainability and create value for the token holders. The company took to social media to reveal that it had accumulated 99,103 LINK, worth $1.054 million at the current prices. After the latest purchase, the reserve now holds 1,774,215.90 LINK, worth $18.877 million at press time. The company stated:

The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink Network by accumulating LINK using offchain revenue from large enterprises adopting Chainlink and onchain revenue from service usage.

The firm has been accumulating LINK tokens since launching the reserve in August last year. This month alone, it has made five purchases, with each adding to its position and reducing the circulating supply. On Jan 22, it purchased 88,000; on Jan 15, it bought 82,000; on Jan 8, it bought 87,000; and as we reported, it accumulated 94,000 tokens at the turn of the year. Data shows that the company has accumulated the tokens at an average price of $16.21. With LINK trading at $10.7 at press time, the firm has lost over a third of its investment. However, the reserve is not aimed at turning a profit for the company, but at strengthening the entire network and giving a boost to the price by reducing the circulating supply, which currently stands at 708 million tokens. The maximum supply is one billion tokens.

Image courtesy of metrics.chain.link

The reserve launched last August, as we reported, to accumulate LINK using revenue gained from enterprises using the company’s technology in their onchain projects. It uses Payment Abstraction to convert both onchain and offchain revenue from any token to LINK. The company says that it has already generated hundreds of millions of dollars from enterprises that pay offchain to access its technology. Chainlink Simplifies Advanced Smart Contracts In a separate video, founder Sergey Nazarov broke down how the Chainlink Runtime Environment (CRE) has been simplifying advanced smart contracts. He lauded the Ethereum Virtual Machine (EVM), which he says opened the door to smart contracts. However, EVM smart contracts are limited to Ethereum. Nazarov noted:

There needs to be an environment that includes all the data, all the connections to all the other chains, all the identity, compliance services and tools, as well as the capacity to do the computations around all these things.

Additionally, all this needs to happen in an environment that enables a high level of privacy. This, says Nazarov, is what CRE does.

The EVM opened the door to smart contracts.

The Chainlink Runtime Environment unlocks their full potential.

Across any system. Any data. Any chain. pic.twitter.com/tv2QXqxZsw

— Chainlink (@chainlink) January 30, 2026

LINK trades at $10.7 at press time, shedding 7.6% in the past day despite a 130% surge in trading volume to hit $688 million.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

HAEDAL Pushes $0.03194 As It Breaks Out of Downtrend, Rare Market Analytics Signal 1252% Rally Ahead

As the broader cryptocurrency market continues to regain strength, the HAEDAL coin demonstrates strong upward momentum, according to a technical analysis shared today by analyst RoccoBullBottom. The HAEDAL coin is the native cryptocurrency that drives the Haedal Protocol, a liquid staking

BlockChainReporter48m ago

Dogecoin Price Heads Toward $1 Mark as Elon Musk Stirs Up New Speculation

Dogecoin (DOGE) once again came into the spotlight after Elon Musk revived the "DogeFather" image on the X platform. The post describes him in the style of a classic film character, replacing the familiar cat with an image of a Shiba Inu dog – the symbol of DOGE. The image was created by Grok Imagine

TapChiBitcoin1h ago

Artificial Superintelligence Alliance (FET) makes a comeback thanks to the increasing flow of whale accumulation.

The Artificial Superintelligence Alliance (FET) has seen a significant recovery, maintaining above $0.230, supported by on-chain data and positive signals from the derivatives market. Whale accumulation and increased open interest highlight a bullish trend, with market sentiment favoring price growth.

TapChiBitcoin2h ago

Gold Plunges Below 4500! Stocks, Bonds, and Gold All Selling Off—Is Cash Really the Safe Haven King?

Gold has declined to $4,500 since late February 2026 due to geopolitical conflicts, with global capital markets in turmoil, the S&P 500 down 5%. U.S. Treasury yields are rising, safe-haven assets are underperforming, and capital flows into money market funds have reached historic highs, indicating a market preference for "cash is king." Bitcoin is experiencing volatility and has not yet established itself as a safe-haven asset.

ChainNewsAbmedia4h ago

Today the cryptocurrency fear and greed index rose to 12, with the market in a state of extreme panic.

Gate News Update: On March 21st, according to Alternative.me data, the Cryptocurrency Fear and Greed Index rose to 12 today (the index was 11 yesterday), with the market in an "extreme panic state."

GateNews4h ago
Comment
0/400
No comments