Chainlink has launched a new on-chain reserve, the Chainlink Reserve, designed to accumulate a strategic stockpile of LINK tokens. This reserve is built on the Payment Abstraction infrastructure, which allows for the automatic conversion of the company’s revenues — from both off-chain integrations and on-chain services — into LINK tokens.
This is reported by Business • Media
How the Chainlink Reserve Works
Thanks to Payment Abstraction, users can pay for services in the forms that are most convenient for them — from various tokens for gas payments to stablecoins. All such payments are automatically converted into LINK using Chainlink’s own services and the liquidity of decentralized exchanges, such as Uniswap V3.
At the time of launch, the reserve’s volume had already exceeded $1 million in LINK tokens. Developers emphasize that they do not plan to use these tokens in the coming years, as they expect further growth of the reserve through revenues from conversion.
“The statement notes that Payment Abstraction allows users to pay for services in a user-friendly format — from tokens for gas payments to stablecoins. All payments are automatically converted into LINK through Chainlink services and the liquidity of decentralized exchanges, including Uniswap V3.”
Market Impact and Transparency for the Community
To ensure the transparency of the reserve’s operations, the Chainlink team has developed a special analytics dashboard available to the community. This initiative allows users to track accumulation dynamics in real-time. Following the announcement of the reserve’s creation, the price of LINK token showed an increase and currently exceeds the $19.3 mark.
According to the analytical platform Santiment, the number of large LINK token holders has increased. After the price of LINK rose above $18.40, the number of wallets with balances from 100,000 to 1 million LINK increased by 4.2%. Just in August, these holders accumulated an additional 0.67% of the total token supply.