According to Coindesk data, ChainLink’s linked token increased its 18% to $26.05 on Sunday. Analysts and traders cited momentum and recent basic catalysts, pacing the top 50 cryptocurrencies with percentage gain.
What the analysts say
Altcoin Sherpa describes the link as “one of the best coins currently”, pointing to the strength of the charts that could carry it towards $30. He explained that traders should be aware that they move too slowly, as round numbers levels like $30 often serve as a psychological barrier for sellers to earn profits.
Another analyst, Zach Humphries, argued that the link remains “very undervalued” at its current price. He emphasized that Chainlink supports much of its decentralized funding by providing price supplies and cross-chain services that many protocols rely on. From his point of view, tokens should be treated as bets on critical infrastructure rather than just another speculative asset.
Milk Road highlighted the strong trading background. The publication noted that it focused on a 66% surge in 24-hour trading volume, adding a conviction that added a clean breakout for links above $24.50. They combined a bullish tone with two important August developments: the launch of ChainLink’s new Onchain Reserve and a data partnership with Intercontinental Exchange (ICE).
Chain Link Reserve
On August 7th, ChainLink introduced ChainLink Reserve, the Ministry of Finance, the Smart Contracts Treasury, designed to steadily accumulate links over time. This mechanism works by converting project revenue (paid with stubcoins, gas tokens, or fiat) into links and converting the on-chain of those tokens over multiple years.
The transformation process known as payment abstraction automates this workflow. Use ChainLink’s proprietary services (fair conversion rate pricing supply, automation to automation, trigger transactions, CCIP to integrate fees from different chains) and then exchange them to links via decentralized exchanges.
According to ChainLink, the reserve has already accumulated more than $1 million in links and has not been planned for several years. It also supplies 50% of the fees from staking sachet services such as Smart Value Recapture to the reserve, creating recurring influxes.
This initiative serves two strategic objectives.
First, we strengthen the link between adoption and token demand by ensuring that usage revenue is converted directly into links.
Second, it provides transparency. Anyone can view inflows, balances, and time locks in the reserve. chain.link.
ChainLink has assembled the reserve as one of the broader economic designs, including growth and cost savings in user fees through the ChainLink runtime environment. For investors, the real point is that network growth can lead to accumulation of stable link programs in open markets.
ChainLink’s dashboard shows the reserve holds approximately 109,663 linked tokens, with a market value of approximately $2.8 million. The data also highlights the average cost base for these holdings of $19.65 per token, highlighting the program’s early accumulation strategy.
Ice Partnership
On August 11th, ChainLink announced its partnership with InterContinental Exchange (ICE), the operator of the New York Stock Exchange. This collaboration integrates ICE’s integrated feed. It integrates foreign exchange fees and valuable sums from over 300 venues into the chain link data stream.
ICE is one of several blue chip contributors to these datasets, aggregated by chain links to create fast, tamper-resistant data feeds for on-chain use. By incorporating ICE’s market coverage, ChainLink aims to make feed more attractive for banks, asset managers and developers to build tokenized assets or automated payment systems.
ChainLink Labs described integration as a basin moment of institutional adoption. What can be considered is that traditional financial players need proven high quality data to interact with blockchain applications, and bringing a feed-on-chain for Ice helps meet that standard.
This partnership was one of the clearest examples of major Wall Street market data providers engaged in blockchain infrastructure. By providing direct access to ICE financial data for decentralized applications, we have deployed ChainLink as a bridge between traditional markets and decentralized finance.
Looking ahead
Analysts highlight the strong trends, underestimation and acceleration momentum of links, suggesting that tokens are in a strong position as investors digest the recent strategic moves of chain links.
