- 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.
🔗🎉 The best kinds of #AllTimeHighs are when projects like #Chainlink, which hit $22.42 today, are backed by great fundamental usage. With this historic achievement, our metrics indicate that $LINK had the highest day of active addresses in ~5 months. 😎 https://t.co/KzjC2tpOUL pic.twitter.com/i4jtVVk9u5
— Santiment (@santimentfeed) January 16, 2021
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.
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.