Chainlink hits 10,000 active addresses in eight months as breakout momentum builds, partnerships grow, and LINK price nears resistance.
Chainlink has reached nearly 10,000 active addresses, the highest figure recorded in eight months. The surge comes as traders and analysts observe growing signs of a breakout pattern that could reshape the token’s performance. On-chain activity and institutional involvement are fueling stronger momentum in both trading and adoption.
Rising Network Activity and Investor Participation
According analyst Ali Charts, Chainlink recently recorded nearly 10,000 active addresses, a level not seen since late 2024.
On August 18 alone, more than 9,600 new wallets were created, showing sharp growth in user engagement. The following day, over 9,800 addresses were actively transacting on the network.
Chainlink $LINK just hit nearly 10,000 active addresses, the highest in 8 months! pic.twitter.com/bg1AMvMuLb
— Ali (@ali_charts) August 21, 2025
Open interest in Chainlink futures has also climbed to a record $1.5 billion, according to CoinGlass.
This represents a 60% increase since the start of 2025, reflecting greater participation from retail and institutional traders. The trading volume has also risen, with recent activity pushing daily turnover above $2.8 billion.
Furthermore, market analyst Posty noted that Chainlink’s long-term LINK/BTC chart is now approaching a breakout zone. He pointed out that a four-year falling wedge is near resolution, which could open the way for larger moves against Bitcoin.
Analysts believe this structural change could attract new capital flows into the token.
VERY interesting chart for $LINK here…
LINK/BTC (1W Timeframe)
Whilst Bitcoin dominance has trended up for multiple years its caused many alts such as chainlink to trend down vs BTC.
This falling wedge started forming four years ago and we could be seeing a significant… pic.twitter.com/X6S4widdKT
— Posty (@PostyXBT) August 21, 2025
Institutional Partnerships and Strategic Developments
Chainlink has expanded its role as a blockchain bridge through multiple high-profile partnerships.
The Intercontinental Exchange, parent company of the New York Stock Exchange, has integrated Chainlink to bring forex and metals data on-chain. This marks one of the first steps toward broader Wall Street integration with blockchain technology.
The project is also working with SWIFT, the global financial messaging network used by thousands of banks.
By using Chainlink as a single connection layer, institutions such as Citibank, BNP Paribas, and BNY Mellon can access blockchain infrastructure more efficiently. This approach reduces the need for each bank to test separate solutions.
The Chainlink Reserve program has also strengthened confidence in the token’s long-term trajectory. The program uses off-chain revenue and enterprise contributions to buy and hold LINK, reducing circulating supply.
Chainlink Co-Founder Sergey Nazarov said the reserve marks “a pivotal evolution in Chainlink” and supports sustainable network growth.
Technical Outlook and Market Position
Chainlink has broken out of a six-month consolidation pattern, with prices climbing more than 60% since early August.
At its recent peak, the token reached $26.90, its highest level in seven months. The rally has also pushed Chainlink close to multi-year resistance levels that traders are closely monitoring.
The Relative Strength Index now stands at 65, reflecting strong buying pressure and rising market confidence. Analysts suggest that a move above the $28–29 range could open the path toward $32–35 in the near term.
If momentum continues, some traders expect LINK to challenge the $50 zone later in the cycle.
Chainlink’s market capitalization has grown to $17.7 billion, placing it just behind Cardano in global rankings. ADA has recently weakened, while LINK has gained more than 12% over the past week. If the trend continues, LINK could soon replace Cardano among the top ten cryptocurrencies.
