- Chainlink Reserve currently holds 1.89 million pieces $LINK The company is quietly building the largest on-chain treasury in the cryptocurrency sector.
- This network automatically transforms revenue from companies deploying Oracle solutions and $LINK Through the payment abstraction feature.
A week ago, we reported that Chainlink had accumulated nearly $100,000. $LINK This brings the number of tokens held to over 1.77 million. The project is quietly developing what could become the largest on-chain treasury in cryptocurrencies, built on real-world partnerships and solid demand for its products.
This reserve was “established last year to support the long-term growth and sustainability of the Chainlink network by accumulating.” $LINK We use off-chain revenue from large companies that have adopted Chainlink, as well as on-chain revenue from service usage. ” It currently holds 1.9 million tokens at an average purchase cost of $15.73, and its stash is currently valued at $16.4 million.
The most recent purchase was on February 5th, when Institute bought 125,454 shares. $LINK.
Image provided by: ChainlinkReserv
A company representative commented on the acquisition as follows:
“And the best part is, there’s no exit plan for years, just building and building.”
Why ChainLink Reserve is important
This reserve is an on-chain treasury, and every movement is defined by smart contracts, including dictating on what terms the funds will be moved. Reserves are fully transparent and auditable as everything is documented on-chain.
Despite owning only $16 million worth of assets, $LINK Today, this reserve could grow into one of the most formidable treasure troves in the cryptocurrency sector. This is because purchases are funded by fees from companies that want to use services like CCIP, Smart Value Recapture, and other subscription services. Prices will be automatically converted. $LINK By payment abstraction function.
Chainlink maintains its position as the world’s largest decentralized oracle platform. As we reported, this enabled more than $27 trillion in transaction volume and 19 billion messages. The network’s customers include SWIFT, Euroclear, UBS, DTCC, BNP Paribas, Fidelity, Mastercard, DBS Bank and hundreds more of the world’s leading companies, resulting in increased revenue. This revenue is channeled into payment abstraction capabilities and ultimately $LINK In reserve.
Reserves are Chainlink Labs’ method of supporting network security. While some crypto projects are building tokenomics that will consume a portion of the circulating supply, the Institute will utilize its reserves to accumulate tokens that will be used to strengthen security and give confidence in the network to a growing number of institutional users.
$LINK will be traded at $8.63obtain 4% Market cap reached $6.1 billion in the past day 44% Decrease in trading volume.