Chainlink has released its new crypto reserve report showcasing a significant increase in LINK token reserves and price dynamics.
Role of Chainlink Reserve
According to the company, Chainlink will not allow withdrawals from the reserves, implying an accumulation of tokens over time. This strategic reserve aims to improve liquidity and potentially reduce the circulation of LINK tokens in the market in the long term, supporting price growth and demand.
Increase in LINK Token Value
The current price of LINK tokens is $22.50, marking a 28.5% increase over the past week. This upward trend has been fueled by the establishment of the Chainlink Reserve, which is attracting significant interest from investors and large funds.
Collaboration with SWIFT
The collaboration between Chainlink and the global interbank messaging system SWIFT is expanding, strengthening Chainlink's position in the market. The use of Chainlink's infrastructure facilitates connections for over 11,000 financial institutions to both private and public blockchains.
Thus, Chainlink is showing active growth in both token reserves and value, attracting attention from large investors and opening new market opportunities.
