UToday • October 7th 2026, 4:59 PM
LINK Sees No Wallet Growth Despite Price Spike
Key Summary
Chainlink (LINK) has experienced a significant price increase of 24% since Sept. 1, but this rally has not been accompanied by a corresponding rise in new wallet activity. New LINK addresses have only seen a slight increase, averaging 1,249 per day over the past four weeks, compared to a 33% increase in Solana addresses during the same period. This contrast highlights the disconnect between LINK's price performance and its underlying on-chain activity.
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Price Rally Despite Lack of Wallet Growth
Chainlink (LINK) has seen a significant price increase of 24% since Sept. 1, closing at $13.96 on Oct. 6. However, this price rally has not been accompanied by a corresponding rise in new wallet activity.Ecosystem Announcements and CCIP 2.0
The price rally has come amid a flurry of ecosystem announcements, including the launch of Chainlink's CCIP 2.0 on Sept. 28. CCIP 2.0 offers more control over cross-chain transactions to institutions and asset issuers via features like optional extra verifiers, faster-than-finality transfers, configurable fees, and native compliance features via the Chainlink Automated Compliance Engine.Comparison to Other Tokens
New Solana addresses are up 33% over a similar time period, while Ethereum (ETH) has seen a slight increase in new addresses despite an 11%-ish rise in price. This contrast highlights the disconnect between LINK's price performance and its underlying on-chain activity.#Chainlink#US#Crypto#SEC#Blockchain