Chainlink launches Chainlink Reserve to establish a strategic LINK token reserve to promote the rise of the Chainlink network.

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Chainlink Reserve is a strategic on-chain reserve for the LINK token, which will accumulate user fees paid by large enterprises integrated with the Chainlink standard and service fees generated by Chainlink on-chain, converted into LINK tokens, to support the long-term sustainable rise of the Chainlink network.

The market demand for Chainlink has brought us hundreds of millions of dollars in revenue, a large portion of which comes from the off-chain fees paid by large enterprises integrating the Chainlink platform.

Chainlink Reserve has accumulated over $1 million worth of LINK tokens since its initial release. In the coming months, more service revenue will be converted into LINK tokens and added to the Chainlink Reserve, thus the reserve amount will continue to rise.

Chainlink, a pillar of the blockchain industry, has released Chainlink Reserve. The focus of this update is to establish a strategic on-chain reserve of LINK tokens. Chainlink Reserve will integrate user fees paid by large enterprises that adopt the Chainlink standard, as well as service fees generated by Chainlink on-chain, converted into LINK tokens for accumulation, to support the long-term sustainable rise of the Chainlink network.

Chainlink Reserve adopts the Payment Abstraction feature, converting off-chain and on-chain income into LINK tokens. The Payment Abstraction feature was launched earlier this year, serving as an on-chain infrastructure that assists users in making payments for Chainlink services in a customized manner (note: such as gas tokens and stablecoins), and uses Chainlink services along with decentralized trading infrastructure to exchange these tokens for LINK tokens, ultimately enhancing the payment experience.

Chainlink co-founder Sergey Nazarov stated: "The launch of Chainlink Reserve marks a key milestone in Chainlink's development, establishing a strategic LINK reserve that integrates off-chain revenue and on-chain service fees. The market demand for Chainlink standards has already brought us hundreds of millions of dollars in revenue, most of which comes from large enterprises. Chainlink Reserve clearly demonstrates that off-chain revenue and the large-scale adoption of Chainlink standards by institutions will drive the rise of Chainlink standards and enhance security and sustainability."

The market demand for Chainlink has already brought us hundreds of millions of dollars in revenue, a large part of which comes from the off-chain fees paid by large enterprises integrating the Chainlink platform. As the demand for the Chainlink standard continues to rise from many mainstream banks and capital market institutions worldwide, this new payment method will emerge alongside the industry. Chainlink Reserve has accumulated over $1 million in LINK tokens since its initial launch. In the coming months, more service revenue will be converted into LINK tokens and added to the Chainlink Reserve, thus the reserve size will continue to grow.

The Chainlink Reserve will not be withdrawn for many years to come, so its scale is expected to continue to expand over time. We firmly believe that as the industry's demand for Chainlink's unique capabilities deepens, Chainlink services will be adopted by more and more users, which will further drive the rise of the Chainlink Reserve.

To help the community better understand the status of the Chainlink Reserve, we have developed a data analytics dashboard, which can be accessed at reserve.chain.link. Click here to view the circulation of LINK tokens. Additionally, you can view the contract address of the Chainlink Reserve on Etherscan.

About Chainlink

Chainlink is the backbone of the blockchain industry, establishing global standards for connecting blockchain to real-world data, other blockchains, government, and enterprise systems. Chainlink has achieved hundreds of billions of dollars in transaction volume across the blockchain economy, providing underlying technology for various key application scenarios such as DeFi, banking, tokenized real-world assets (RWA), and cross-chain. Chainlink is widely adopted by mainstream financial market infrastructures, institutions, and DeFi protocols, including Swift, the European Clearing Bank, Mastercard, Fidelity International, UBS, ANZ, Aave, GMX, and Lido. For more details, please visit chain.link.

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Disclaimer: The content of this article is for reference only and involves future development plans, such as product features, development work, and the timeline for feature releases. The following statements, including but not limited to the scale or growth of Chainlink Reserve, the ratio or increase of off-chain or on-chain revenue in Chainlink Reserve, revenue generated from the adoption of Chainlink standards, and the expected use of Chainlink Reserve, are forecasts that only reflect current beliefs and expectations about future events; these statements are based on assumptions and are subject to risks, uncertainties, and changes that may occur at any time. Although the content of this article is proposed based on rational assumptions, we cannot guarantee that the final results will align with the concepts presented in the text. Please review the Chainlink user terms for important disclosures. Note that revenue from enterprise integration, usage, and maintenance includes existing and historical revenue from the Chainlink Scale program. All content in this article is only valid as of the date of its initial publication. Due to the inability to predict actual user feedback and future events, the content of this article may deviate from subsequent actual situations, and we may not make corresponding modifications in this article.

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FafafaIn2024vip
· 15h ago
Everyone is rising, only you are showing off.
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