Chainlink’s native token, LINK, surged 13.6% over 24 hours on Monday as it led the way for a broader crypto recovery following last week’s leverage-inspired move to the downside. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, added 4.2% in the same period.
On-chain analyst Lookonchain reported that 30 new wallets had withdrawn a total of 6,256,893 LINK ($116.7 million) since October 11, signaling accumulation from high-net-worth entities.
In its third-quarter review released Friday, Chainlink Labs detailed several major deals and technology milestones driving renewed investor optimism. The network announced collaborations with interbank messaging system Swift, US financial system clearinghouse Depository Trust and Clearing Corp. (DTCC) and its European equivalent, Euroclear, along with a pilot project with the US Department of Commerce to bring government data on-chain.
The report also outlined Chainlink’s broader platform vision, evolving from a decentralized oracle provider to a full-stack infrastructure layer for tokenized and real-world assets.
DefiLlama data shows that ChainLink still dominates rival networks in terms of oracle capacity, with $62 billion in total value secured (TVS) equivalent to 62% of the market. The closest competitor is Chronicle with $10 billion TVS.
