Chainlink-Infosys Partnership Fails to Trigger Immediate Address Surge

Chainlink's (LINK) recent partnership with Infosys did not trigger an immediate surge in new wallet addresses, according to blockchain analytics firm Santiment. The data shows that on September 22, when the deal was announced, Chainlink added 1,344 new addresses, which is about 19% above the average for September but still within a normal range.

The Infosys partnership could give Chainlink access to a large enterprise and banking ecosystem, with Infosys' infrastructure serving over 1.7 billion customer accounts worldwide. However, Santiment's data suggests that the announcement-day address count was not exceptional compared to recent activity. In fact, several days since August 1 had recorded higher daily totals, with August 21 being the peak at 1,929 new addresses.

The Payment Abstraction system allows customers to settle service fees using fiat currencies or stablecoins, which means banks using Chainlink services would not necessarily have to purchase and hold LINK directly. Without a confirmed bank deployment or measurable activity resulting from the partnership, there is currently no basis in the cited data for calculating how much additional demand for LINK the agreement could generate.

Chainlink's price did experience significant growth before the partnership became public, increasing by roughly 60% between August 1 and September 22. However, on the announcement day itself, the token declined by about 1%, which does not provide evidence of an immediate market repricing tied to the Infosys deal.