Chainlink Price Surges 12.21 Percent to $13.93 on PAXGy Launch and CCIP Growth

Chainlink's price has surged to $13.93 on September 25, 2026, marking a 12.21 percent increase from its value 24 hours earlier. The boost can be attributed to two key events: the launch of Paxos Labs' token PAXGy and the growing use of Chainlink's Cross-Chain Interoperability Protocol (CCIP).

PAXGy is backed by PAX Gold, a gold-backed token from Paxos Labs, but it differs in that the number of fine ounces attributed to each token grows over time. The yield comes from institutional gold lending, where large market participants lend out physical gold for a fee.

The technical footnote behind this news is crucial for Chainlink holders and prospective buyers: PAXGy uses CCIP as its exclusive provider for messaging between blockchains, alongside Chainlink Price Feeds for price data. This means that any movement of PAXGy between networks triggers a CCIP operation, generating fees that can be paid in LINK.

The Chainlink Reserve is another significant factor to consider, holding around 5.96 million LINK worth roughly $68.7 million. However, this represents less than one percent of the total supply, making it an interesting signal about network revenue but not a significant supply squeeze.