Last week, Chainlink established a strategic onchain reserve of LINK to support the long-term growth and sustainability of its decentralized oracle network. The reserve launched with over $1M in LINK, with plans to accumulate more tokens over time. Today, Chainlink added 44,109.76 LINK – currently valued at approximately $1.03 million – to the reserve, bringing its total to $2.5M at the time of publication.
The Chainlink Reserve operates as an extension of Payment Abstraction, which allows users to pay for Chainlink services in various alternative assets that are automatically converted to LINK. With institutional demand for Chainlink on the rise and a growing number of large enterprises paying offchain for access to essential services, Payment Abstraction now supports onchain and offchain payments.
Doubling its reserve’s size in just over a week reflects Chainlink’s rapidly expanding role in the development of a global onchain financial system. Chainlink has enabled over $24 trillion in transaction value and provides verifiable onchain data and cross-chain connectivity that supports a growing spectrum of stablecoins and tokenized real-world assets (RWAs).
This week, Chainlink announced a new partnership with Intercontinental Exchange (ICE), the parent company of the NYSE, to bring ICE’s precious metal and forex data onchain via Chainlink’s oracle infrastructure. ICE’s VP of Global Data Delivery Platforms, Maurisa Baumann, called the collaboration an important step in growing the global blockchain economy.
The Chainlink Reserve is the latest facet of Chainlink’s existing economic pillars for creating a sustainable oracle economy through user fee growth and operating cost reductions. By continuing to accumulate LINK from offchain enterprise payments and onchain service usage, the reserve supports the network’s expansion through key sustainability goals outlined in Chainlink Economics.