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Chainlink Tops $26 as New Reserve Converts Fees Into LINK and Usage Surges

An on-chain vault launched August 7 is accumulating over 100,000 LINK with no planned withdrawals for years, tying enterprise fees to steady token demand.

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Overview

  • LINK traded above $26 this week, its highest level in about seven months, according to market data cited in the reports.
  • The Chainlink Reserve has amassed roughly 109,000 LINK by programmatically converting on- and off-chain fees via Payment Abstraction and locking the tokens.
  • On-chain activity hit 2025 highs, with 9,813 addresses making a transfer on Sunday and 9,625 new wallets created Monday, per Santiment and activity trackers.
  • Nansen data shows whales added about 1.15 million LINK to 5.43 million total holdings as exchange balances declined to roughly 269.6 million from 280 million last month.
  • Futures open interest recently approached record levels, and collaborations such as ICE and ongoing SWIFT pilots are flagged as potential sources of future Reserve inflows, though the effect depends on sustained enterprise adoption.