BTC $43257.90 (1.43%)
ETH $3046.64 (5.00%)
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BTC $43257.90 (1.43%)
ETH $3046.64 (5.00%)
USDT $1.00 (0.04%)
BCH $510.63 (-0.2%)
BSV $130.25 (-3.1%)
LTC $151.85 (0.30%)
BNB $348.46 (-0.2%)
ADA $2.26 (-5.8%)
DOGE $0.20 (-1.4%)

Chainlink Futures Open Interest Hits $23.59 All-Time High

Chainlink Futures Open Interest Hits $23.59 All-Time High
  • Open futures interest on Chainlink has surged to over $23.59, an all-time high.
  • Consequently, active addresses on Chainlink have also increased significantly in a month now.

According to on-chain data provider Bybt.com, the open interest (OI) on Chainlink (LINK) has surged drastically to $23.59, all-time high (ATH). As a result, Chainlink’s active addresses have also increased significantly within a couple of months.

Furthermore, Chainlink’s potential to go bullish is seen to mainly depend on Bitcoin’s stability. Progressively, Chainlink’s open interest showed a significant increase in many crypto exchanges including Binance.

With this, Santiment reacted in a tweet to Chainlink’s recent achievement.

Interestingly, at the time of writing, Binance was leading in registering an OI for LINK across many exchanges. Hence, Binance OI all-time high for LINK amounts to $140.07 million.

Following Binance, FTX also registered an OI of $74.01 million, Huobi with an OI of $25.34 million, and lastly Bybt with an OI of $22.23 million.

Consequently, while Bitcoin and Ethereum were correlating at 0.6358, Bitcoin and LINK were a mere 0.4722. Sparingly, this illustrates a pump in price on the Chainlink oracle network.
Recently, Chainlink oracles have reportedly been adopted by lots of blockchain-based projects like Poolz. As a result of the adoption, Poolz announced that it had integrated Chainlink VRF on its mainnet.

Again, SynLev also integrated Chainlink YIFY/USD price same on the mainnet.

Read Also: Chainlink (LINK) Price Prediction and Price Analysis 2021

Collins Adane is a writer who follows the crypto industry closely. He loves fish stew and Real Madrid. He believes in cryptocurrency’s potential to transform the money landscape in his native country Ghana.