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  • usd-coinUSDC (USDC) $ 0.999851
  • staked-etherLido Staked Ether (STETH) $ 3,242.56
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  • dogecoinDogecoin (DOGE) $ 0.147417
  • cardanoCardano (ADA) $ 0.410139
  • figure-helocFigure Heloc (FIGR_HELOC) $ 1.03
  • wrapped-stethWrapped stETH (WSTETH) $ 3,966.26
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  • whitebitWhiteBIT Coin (WBT) $ 57.49
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  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 92,129.00
  • wrapped-eethWrapped eETH (WEETH) $ 3,517.98
  • usdsUSDS (USDS) $ 0.999735
  • chainlinkChainlink (LINK) $ 13.71
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  • leo-tokenLEO Token (LEO) $ 8.99
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  • stellarStellar (XLM) $ 0.238371
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  • suiSui (SUI) $ 1.86
  • hyperliquidHyperliquid (HYPE) $ 27.71
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  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.172699
  • susdssUSDS (SUSDS) $ 1.08
  • the-open-networkToncoin (TON) $ 1.87
  • usdt0USDT0 (USDT0) $ 0.999287
  • daiDai (DAI) $ 1.00
  • crypto-com-chainCronos (CRO) $ 0.105818
  • uniswapUniswap (UNI) $ 5.94
  • paypal-usdPayPal USD (PYUSD) $ 0.999898
  • polkadotPolkadot (DOT) $ 2.18
  • mantleMantle (MNT) $ 1.09
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.21
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • rainRain (RAIN) $ 0.009077
  • memecoreMemeCore (M) $ 1.69
  • pepePepe (PEPE) $ 0.000007
  • bittensorBittensor (TAO) $ 283.26
  • aaveAave (AAVE) $ 171.85
  • bitget-tokenBitget Token (BGB) $ 3.57
  • okbOKB (OKB) $ 113.16
  • tether-goldTether Gold (XAUT) $ 4,467.07
  • nearNEAR Protocol (NEAR) $ 1.76
  • falcon-financeFalcon USD (USDF) $ 0.997183
  • ethereum-classicEthereum Classic (ETC) $ 13.03
  • jito-staked-solJito Staked SOL (JITOSOL) $ 174.03
  • ethenaEthena (ENA) $ 0.249810
  • binance-peg-wethBinance-Peg WETH (WETH) $ 3,241.11
  • aster-2Aster (ASTER) $ 0.769876
  • internet-computerInternet Computer (ICP) $ 3.28
  • pi-networkPi Network (PI) $ 0.210952
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • pax-goldPAX Gold (PAXG) $ 4,479.63
  • solanaWrapped SOL (SOL) $ 138.86
  • worldcoin-wldWorldcoin (WLD) $ 0.614780
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 4.80
  • htx-daoHTX DAO (HTX) $ 0.000002
  • hash-2Provenance Blockchain (HASH) $ 0.029094
  • global-dollarGlobal Dollar (USDG) $ 0.999636
  • hashnote-usycCircle USYC (USYC) $ 1.11
  • kucoin-sharesKuCoin (KCS) $ 11.57
  • pump-funPump.fun (PUMP) $ 0.002554
  • binance-staked-solBinance Staked SOL (BNSOL) $ 151.57
  • syrupusdcsyrupUSDC (SYRUPUSDC) $ 1.15
  • skySky (SKY) $ 0.063452
  • aptosAptos (APT) $ 1.92
  • ondo-financeOndo (ONDO) $ 0.442172
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,742.49
  • ripple-usdRipple USD (RLUSD) $ 0.999457
  • kaspaKaspa (KAS) $ 0.049856
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.125769
  • bfusdBFUSD (BFUSD) $ 0.999208
  • wbnbWrapped BNB (WBNB) $ 905.98
  • midnight-3Midnight (NIGHT) $ 0.078293
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999675
  • arbitrumArbitrum (ARB) $ 0.216095
  • gatechain-tokenGate (GT) $ 10.52
  • algorandAlgorand (ALGO) $ 0.139118
  • cosmosCosmos Hub (ATOM) $ 2.48
  • render-tokenRender (RENDER) $ 2.31
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,440.23
  • filecoinFilecoin (FIL) $ 1.56
  • quant-networkQuant (QNT) $ 78.00
  • official-trumpOfficial Trump (TRUMP) $ 5.44
  • vechainVeChain (VET) $ 0.012520
  • flare-networksFlare (FLR) $ 0.012411
  • bonkBonk (BONK) $ 0.000012
  • ignition-fbtcFunction FBTC (FBTC) $ 92,658.00
  • bridged-wrapped-lido-staked-ether-scrollBridged Wrapped Lido Staked Ether (Scroll) (WSTETH) $ 3,959.11
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 92,327.00
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 92,356.00
  • xdce-crowd-saleXDC Network (XDC) $ 0.051686
  • janus-henderson-anemoy-aaa-clo-fundJanus Henderson Anemoy AAA CLO Fund (JAAA) $ 1.02
  • nexoNEXO (NEXO) $ 0.972001
  • myx-financeMYX Finance (MYX) $ 4.89
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 3,469.79
  • usddUSDD (USDD) $ 0.999354
  • usdtbUSDtb (USDTB) $ 0.998758
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,508.40
  • sei-networkSei (SEI) $ 0.127233
  • ousgOUSG (OUSG) $ 113.88
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.012826
  • wrappedm-by-m0WrappedM by M^0 (WM) $ 1.00
  • lighterLighter (LIT) $ 3.03
  • superstate-short-duration-us-government-securities-fund-ustbSuperstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 10.95
  • bridged-usdc-polygon-pos-bridgePolygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999701
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 92,246.00
  • story-2Story (IP) $ 2.15
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,463.05
  • clbtcclBTC (CLBTC) $ 93,310.00
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.10
  • wrapped-flareWrapped Flare (WFLR) $ 0.012413
  • jupiter-exchange-solanaJupiter (JUP) $ 0.224308
  • syrupusdtsyrupUSDT (SYRUPUSDT) $ 1.11
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.11
  • beldexBeldex (BDX) $ 0.090314
  • morphoMorpho (MORPHO) $ 1.24
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.00
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 3,420.81
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 161.34
  • blockstackStacks (STX) $ 0.362062
  • usdaiUSDai (USDAI) $ 1.00
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.283147
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 3,241.86
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 27.96
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999809
  • optimismOptimism (OP) $ 0.322856
  • tezosTezos (XTZ) $ 0.582857
  • curve-dao-tokenCurve DAO (CRV) $ 0.419067
  • spx6900SPX6900 (SPX) $ 0.612289
  • c8ntinuumc8ntinuum (CTM) $ 0.129805
  • eutblSpiko EU T-Bills Money Market Fund (EUTBL) $ 1.22
  • usual-usdUsual USD (USD0) $ 0.999606
  • lido-daoLido DAO (LDO) $ 0.643677
  • tbtctBTC (TBTC) $ 92,220.00
  • injective-protocolInjective (INJ) $ 5.42
  • dashDash (DASH) $ 43.25
  • flokiFLOKI (FLOKI) $ 0.000056
  • aerodrome-financeAerodrome Finance (AERO) $ 0.585874
  • gtethGTETH (GTETH) $ 3,250.95
  • ether-fiEther.fi (ETHFI) $ 0.779642
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 3,241.42
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999245
  • celestiaCelestia (TIA) $ 0.574552
  • ghoGHO (GHO) $ 0.999744
  • true-usdTrueUSD (TUSD) $ 0.997901
  • msolMarinade Staked SOL (MSOL) $ 187.57
  • stader-ethxStader ETHx (ETHX) $ 3,492.75
  • ether-fi-liquid-ethEther.Fi Liquid ETH (LIQUIDETH) $ 3,468.50
  • jasmycoinJasmyCoin (JASMY) $ 0.009518
  • fasttokenFasttoken (FTN) $ 1.09
  • iotaIOTA (IOTA) $ 0.109546
  • starknetStarknet (STRK) $ 0.089919
  • fartcoinFartcoin (FARTCOIN) $ 0.446674
  • chilizChiliz (CHZ) $ 0.043597
  • wrapped-apecoinWrapped ApeCoin (WAPE) $ 0.221044
  • the-graphThe Graph (GRT) $ 0.041381
  • syrupMaple Finance (SYRUP) $ 0.380209
  • bittorrentBitTorrent (BTT) $ 0.00000044
  • doublezeroDoubleZero (2Z) $ 0.122609
  • newton-projectAB (AB) $ 0.004477
  • staked-aaveStaked Aave (STKAAVE) $ 172.08
  • sbtc-2sBTC (SBTC) $ 92,831.00
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,629.87
  • ethereum-name-serviceEthereum Name Service (ENS) $ 10.94
  • conflux-tokenConflux (CFX) $ 0.080439
  • justJUST (JST) $ 0.041644
  • dogwifcoindogwifhat (WIF) $ 0.409693
  • bitcoin-svBitcoin SV (BSV) $ 20.15
  • pyth-networkPyth Network (PYTH) $ 0.069787
  • usdbUSDB (USDB) $ 0.986713
  • plasmaPlasma (XPL) $ 0.190233
  • kaiaKaia (KAIA) $ 0.067926
  • steakhouse-usdc-morpho-vaultSteakhouse USDC Morpho Vault (STEAKUSDC) $ 1.11
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.928282
  • sun-tokenSun Token (SUN) $ 0.020030
  • telcoinTelcoin (TEL) $ 0.004009
  • riverRiver (RIVER) $ 19.44
  • pendlePendle (PENDLE) $ 2.25
  • gnosisGnosis (GNO) $ 143.37
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.147563
  • wrapped-stx-velarWrapped STX (Velar) (WSTX) $ 0.371245
  • apenftAINFT (NFT) $ 0.00000037
  • euro-coinEURC (EURC) $ 1.17
  • sonic-3Sonic (S) $ 0.094953
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 92,451.00
  • olympusOlympus (OHM) $ 21.84
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 17.98

Chainlink Reserve Update: Recent Activity, Overview, and Current Status

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Chainlink Reserve Update: Recent Activity, Overview, and Current Status

Table of Contents

What Is the Chainlink Reserve?How Has the Reserve Grown Since Launch?Technical Structure and TransparencyConnection to Chainlink Network ActivityConclusionSourcesFrequently Asked Questions

Since its launch in August 2025, the Chainlink Reserve has not had a dormant week. The on-chain treasury contract that automatically accumulates LINK tokens from network revenue reached 884,673.64 LINK on November 20, following its sixteenth consecutive weekly deposit of 81,285.98 LINK.

The reserve converts both off-chain enterprise payments and on-chain service fees into LINK through decentralized exchanges, primarily Uniswap V3, and locks the tokens under a multi-year no-withdrawal policy enforced by a timelocked smart contract.

Following the steady accumulation despite market fluctuations, we take a look at the current status of the reserve and recent activities, as it approaches $11M at the time of writing.

What Is the Chainlink Reserve?

Chainlink Reserve is an on-chain reserve designed to store LINK tokens funded by both enterprise and on-chain usage fees. The goal is to strengthen the network’s long-term sustainability by channeling revenue from large institutions and decentralized applications directly into LINK. The platform introduced the initiative on August 7, 2025, as part of a wide range of economic upgrades announced ahead of the recently concluded SmartCon 2025.

The reserve operates through a feature called Payment Abstraction. How does this work? Institutional clients and enterprises that use Chainlink services, such as Cross-Chain Interoperability Protocol (CCIP), data feeds, or verifiable random functions (VRF), can settle invoices in fiat currencies or stablecoins, most commonly USDC.

Those payments are routed through decentralized liquidity pools, where a percentage of incoming funds is swapped for LINK on Uniswap V3, and the remaining percentage is derived from direct on-chain fees paid in LINK. Once acquired, the tokens are transferred to the reserve contract and cannot be removed for several years due to an embedded multi-day timelock.

All holdings and transactions are publicly visible on the official dashboard and can be independently verified on Etherscan.

How Has the Reserve Grown Since Launch?

Chainlink deposits new LINK into the reserve every Thursday. The first public accumulation exceeded $1 million in LINK value within days of the August 2025 launch. Since then, the reserve has recorded sixteen weekly inflows with no withdrawals.

Recent deposits in November 2025 show consistent growth:

  • November 6, 2025: 78,252.51 LINK added, bringing the total to 729,338.41 LINK
  • November 13, 2025: 74,049.24 LINK added, bringing the total to 803,387.65 LINK
  • November 20, 2025: 81,285.98 LINK added, bringing the total to 884,673.64 LINK

Chainlink Reserve Update: Recent Activity, Overview, and Current Status

Currently, the reserve holds 884,674 LINK, worth approximately $10.6M

The November 20 deposit represented approximately $1.06 million at the time of purchase. Monthly accumulation has increased noticeably. The reserve added roughly 63,500 LINK per week on average in late October 2025, compared with approximately 77,900 LINK per week across the three November deposits reported so far.

Technical Structure and Transparency

The reserve contract includes several safeguards. A timelock prevents any withdrawal for multiple years, and governance authority rests with a multisignature wallet controlled by the Chainlink team. Future use of the accumulated tokens, such as funding staking rewards, node operator incentives, or ecosystem grants, will be determined through community discussion via existing Chainlink governance channels.

Additionally, the real-time data displays current balance, historical inflows, acquisition cost basis, and percentage of total LINK supply held.

Connection to Chainlink Network Activity

Revenue flowing into the reserve originates from multiple Chainlink products. The largest contributors include CCIP fees from cross-chain token transfers, data feed subscriptions used by DeFi protocols, and enterprise integrations with traditional financial institutions.

Notable developments in November 2025 that have supported revenue growth include:

  • Launch of the Chainlink Runtime Environment (CRE) on November 4, 2025, aimed at institutional tokenization workflows
  • Announcement of a cross-border settlement pilot between Brazil’s Drex digital currency and the Hong Kong Monetary Authority using CCIP
  • Integration of FTSE Russell indices on-chain via Chainlink data feeds
  • Continued tokenized fund pilots with UBS
  • Start of Chainlink Rewards Season 1 on November 11, 2025, distributing third-party project tokens to LINK stakers

Chainlink continues to hold an estimated 70 percent share of the blockchain oracle market and secures more than $100 billion in total value locked across DeFi and real-world asset protocols.

A significant upcoming milestone is the activation of SWIFT’s SR 2025 messaging update on November 22, 2025. This update enables over 11,000 member banks to send authenticated instructions to Chainlink CCIP, potentially increasing settlement-related fees that feed the reserve.

Conclusion

The Chainlink Reserve provides a transparent, verifiable mechanism that converts real revenue from oracle services and cross-chain infrastructure into permanent LINK holdings. Since its launch in August 2025, it has accumulated tokens at an accelerating pace, reaching 884,674 LINK by November 20, 2025, through sixteen consecutive weekly deposits funded primarily by enterprise adoption and on-chain fees.

Combined with high staking participation and upcoming institutional integrations such as SWIFT’s SR 2025 rollout, the reserve establishes a direct, on-chain record of value accrual for the LINK token based on actual network usage rather than speculative narratives.

Sources

  • ChainLink Reserve: Track Reserve Metrics with real-time updates.
  • Etherscan: Chainlink Reserves Verified on Etherscan.
  • Chainlink Blog: Announcing the Chainlink Reserves Launch
  • Chainlink X: Total LINK Accumulation as of November 20.

Source

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