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Chainlink Surges Past $20 Resistance to Reach Mid-$20s

Persistent on-chain buybacks plus a tokenomics framework converting service fees into staked LINK have fueled this week’s rally alongside accelerating institutional demand

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Overview

  • LINK price broke through key $20 weekly resistance to hit a three-month high near $23.80, representing about a 35% gain over the past week.
  • Trading volume exceeded $2 billion in 24 hours as community bullishness peaked and charts registered a string of green days.
  • Etherscan data show a single token contract purchased around 40,000 LINK via Uniswap V3 in one hour, a move traders say helped propel the rally.
  • Chainlink’s tokenomics automatically convert protocol revenues into LINK reserves and support staking with roughly 4.32% yields that remove tokens from circulation.
  • Real-world asset tokenization TVL has surged from roughly $1 billion to $13 billion in two years, and partnerships with SWIFT, DTCC, JPMorgan and others are cited as fueling demand for Chainlink’s oracle network.