Chainlink Accumulates 99,103 LINK as Reserve Strengthens Network Sustainability

CryptoNewsFlash
LINK0.48%
ETH0.8%
CRE-0.68%

  • 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

Bitcoin Rejects $76K as War and PPI Rock Markets

_ Bitcoin rejected $76,000 resistance as US strikes on Iran, hot PPI at 3.4%, and Powell’s FOMC tone sent crypto and risk assets into a sell-off._ Bitcoin hit $76,000 and turned back around. The rejection was clean. Sellers were waiting right at the level that traders had marked for

LiveBTCNews1m ago

Why Is the River (RIVER) Price Pumping Today

River is suddenly awake again while the rest of the market is just kind of hanging out. The RIVER price jumped more than 14% in the last 24 hours, pushing up toward $25.65, and honestly, there’s no obvious catalyst. No big partnership announcement, no exchange listing, no protocol upgrade.

CaptainAltcoin37m ago

Ethereum Approaches Cycle Low as Bitmain Indicates Violent Belief

The article explores Ethereum's potential market bottom, highlighting its correlation with past S&P 500 trends and significant institutional investment by Bitmain. Despite mixed market sentiment, historical patterns suggest possible recovery.

CryptoBreaking54m ago

DOGE Stabilizes At $0.09438 As TD Sequential Buy Signal Suggests Rising Accumulation Phase and Po...

Dogecoin (DOGE) shows potential for a significant rally as it flashes a TD Sequential buy signal, indicating early accumulation despite recent declines. With key support at $0.0892 and strong whale activity, a price surge to $0.18876 could be on the horizon.

BlockChainReporter1h ago

BTC Breaks Through $73,000, Mainstream CEX Cumulative Short Liquidation Intensity Reaches $834 Million

According to Coinglass data, if the Bitcoin price breaks through $73,000, it will trigger $834 million in short liquidations; if it falls below $69,000, it will trigger $940 million in long liquidations. This demonstrates the potential impact of market liquidity fluctuations.

GateNews4h ago

Ethereum Bottom In at $2,156, Says Tom Lee! Spike Soon?

Ethereum shows signs of stabilization with long-term holders increasing positions despite cautious institutional ETF outflows. This suggests a potential market bottom, though recovery may take time influenced by external factors.

Coinfomania5h ago
Comment
0/400
No comments