Chainlink Introduces On-Chain LINK Reserve, Potentially Enhancing Token Demand and Reducing Sell Pressure

Key Points

1. The Chainlink LINK Reserve converts enterprise payments into LINK tokens, enhancing demand based on real-world usage.

2. Over $1 million in LINK has been locked into the Reserve, with no withdrawals expected soon, ensuring sustained demand.

3. The Reserve links LINK’s demand directly to enterprise revenue and protocol-level service payments, reducing reliance on market speculation.

4. Following the Reserve’s announcement, LINK's price surged 9.14% to $17.66, with daily trading volume increasing by 40% to $589 million.

5. 50% of the staking-verified service fees will now be directed to the Reserve, further integrating utility-based demand.