Chainlink has officially launched Chainlink Reserve — a special on-chain contract designed for the strategic accumulation of LINK tokens. The new reserve is formed through the Payment Abstraction infrastructure, which allows for the automatic conversion of revenues from enterprises and on-chain services directly into LINK tokens.
This is reported by Finway
Accumulation Mechanism and Reserve Transparency
With Payment Abstraction, users can pay for services in various tokens, including stablecoins or tokens for gas fees. All received payments are automatically exchanged for LINK through Chainlink services and the liquidity of decentralized exchanges, including Uniswap V3.
The company’s statement mentions that “the reserve volume has already exceeded $1 million in LINK tokens, and withdrawals are not planned for the next few years.”
Developers expect that the strategic reserve will gradually grow due to the continued conversion of revenues into LINK tokens.
Market Reaction and Analytics
To ensure maximum transparency, the Chainlink team has introduced an analytics dashboard where users can track the status of the reserve in real-time. The news of the Chainlink Reserve launch positively impacted the token’s quotes: the LINK price rose above $19.3.
According to Santiment, the number of large LINK holders and their total holdings is increasing. After the token price exceeded $18.40, the number of wallets holding between 100,000 and 1 million LINK increased by 4.2%. Just in August, these addresses accumulated an additional 0.67% of the total supply of the asset.