🔗 CHAINLINK $LINK RESERVE PASSES 1 MILLION LINKS: THE FOUNDATION OF CCIP INFRASTRUCTURE
Yesterday's Accumulation: The network accumulated 81,131.31 LINKs during the day
Total Reserve: The total number of $LINK currently held in the Reserve is 1,054,884.02 LINKs
🛡️ Chainlink Reserve is not simply a token storage but an essential part of the network's security and economic model:
Security Staking: The Reserve is used to support and incentivize LINK staking. In this way, it enhances the security of Chainlink's Oracle services
CCIP Support: More importantly, the Reserve is used to enhance the security of the Cross-Chain Interoperability Protocol (CCIP). This reserve can be used to provide insurance/guarantees if something goes wrong during cross-chain value transfers
Development Fund: The reserve can also be used to fund ecosystem development and expansion projects, promoting the integration of CCIP and new data services into DeFi and TradFi
The increase in reserves comes amid a relatively low $LINK price (around $13-$14 USD, according to recent whale accumulation transactions), suggesting the network is taking advantage of market opportunities to strengthen its financial capacity
