Chainlink Demand Expands Through New Integrations and Growing Reserve
Chainlink's LINK token has been making headlines in recent times due to its expanding adoption and growing demand. Three different stories about LINK demand are unfolding at once, according to Chainlink News. These include new integrations with various services, a growing Reserve, and steady spot ETF inflows.
The latest adoption update from Chainlink reports 14 integrations across six services and four chains. Named users include Aave, Dawn Internet, Infosys, Paxos, Predict.fun, and TickerYard. However, it's essential to note that the details matter more than the count, as not all these integrations directly translate to LINK demand.
One of the most significant developments is the growth of Chainlink's Reserve, which has added 373,791 tokens in September, worth over $4.3 million. The total holdings now stand at 6,047,498, roughly 0.8% of the 748.09 million circulating supply.
Another key aspect is the spot ETFs, which recorded a net inflow of $1.23 million on September 25. Cumulative net inflows now sit at $160.65 million, with total net assets near $226.89 million, about 2.19% of LINK's market cap.