Chainlink has recently added 99,103 Link tokens for reserves. The total amount of Link tokens has reached approximately 1.77 million tokens. This will help to reduced circulation supply from the market.
Chainlink finance it's reserves by using revenue generated by its network both on chain and off chain. this reflect genuine adaptation and practical usage rather than speculative activity. It also present how fundamentally strong link is. Chainlink also generate revenue fees whenever Blockchain and DEFI using it's crosschain services.
Recently, chainlink fees across 13 different Blockchain reached an all time high in which Ethereum Blockchain alone contribute half of the fees. It shows massive demand for chainlink's core services.
Currently, chainlink underperformance appears to be driven by more broader market fear rather than detorioration in chainlink fundamentals.
Strong Market usage, rising revenues and continued token accumulation suggest strong long term growth. For long term holders current dip may represent an attractive buying opportunity. So, don't be late and make an early entry as soon as possible.
