Chainlink Surges Past $12.5B Market Cap as Network Hits $34 Trillion Transaction Value Milestone

Chainlink (LINK) has seen significant growth over the past month, rising by 53.8% to trade near $12.59. This surge outpaces Ethereum's 30.1% gain over the same period.

The increased value of LINK has also pushed its market cap to nearly $9.42 billion, with a circulating supply of 748.09 million tokens. Notably, this means that LINK's fully diluted value is now close to its market cap, as the token's supply is fully unlocked.

Chainlink's own metrics page shows over $34 trillion in transaction value enabled, reflecting the cumulative USD value of transactions that have used a Chainlink oracle since launch. Additionally, the network reports over $56 billion in total value secured across the networks it serves.