Popular on-chain measurement data provider centimentfrom 10,000 to 10,000,000 LINKwho has chainlink drew attention to the increase in the number of addresses.
🐳🔗 #Chainlink‘s key whale addresses that hold between 10k to 10m $LINK have been accumulated 17.1m since February 27th. This rise in their collective holdings is encouraging, considering these address holdings correlate with rises & falls against $BTC. https://t.co/WOlLxVDoJJ pic.twitter.com/Co6IvV2z1R
— Santiment (@santimentfeed) March 10, 2022
In the statement made by Santiment on Twitter, it was stated that 17.1 million LINK has accumulated since 27 February.
The recent increased adoption of Chainlink shows that interest in cryptocurrency has also increased recently.
Chainlink has been significantly impacted by market declines since the beginning of the year. Having hit an all-time high of $52.7 in May 2021, LINK has since lost over 75.2%.
LINK, which has changed hands at $ 13.25 as of now, continues to attract the attention of whales chasing hodl with the said low price.
Chainlink adoption last month has made the cryptocurrency the most traded digital currency among top Ethereum (ETH) whales. During this period, 1.3 million Chainlink purchases were made by Ethereum whales.
On the other hand, the use of Chainlink data streams has grown exponentially over the last 12 months, reaching more than 50 million cumulative on-chain calls in February 2022. This number corresponds to an increase of almost 6,000% over the previous year.
Chainlink’s outstanding performance did not go unnoticed by financial industry experts.
Last month, a group Bank of America specialistdecentralized oracle networking in various DeFi protocols Main cause of TVL growth they announced that.