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- Anjali Belgaumkar
Anjali Belgaumkar
Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.
- Reviewed by:
Qadir AK
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Aug 21, 2025 09:05 UTC
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Chainlink Price Update, What’s Behind the Surge and Is $100 Next?
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LINK $ 26.08 (5.89%) 
Chainlink’s open interest hits $1.5B as institutional adoption accelerates with pilots from over 30 financial firms.
New partnerships with ICE and SWIFT strengthen LINK’s role as a key blockchain bridge, fueling long-term bullish targets.
Chainlink (LINK) has been trending strongly in the crypto market. The token is up more than 3% in the last 24 hours, and excitement around its future is building fast.
According to data from CoinGlass, open interest in LINK futures has soared to a record $1.5 billion, up nearly 60% since the start of 2025. On-chain data also shows a major spike in activity, with 9,625 new LINK wallets created on August 18, the highest daily figure of 2025, while 9,813 active addresses were transacting just a day earlier.
This is being fueled by institutional adoption. More than 30 financial institutions are now piloting or testing Chainlink-powered solutions, pushing confidence that LINK could be one of the biggest winners of this market cycle.
Three Drivers Behind LINK’s Growth
1. Chainlink Reserves Program
The project recently launched Chainlink Reserves, a system where LINK tokens are purchased on the open market and locked away for years. The funds for these purchases come from both DeFi revenues and enterprise clients like Mastercard. By reducing circulating supply, the reserves act like a vacuum, supporting long-term price growth.
2. Wall Street Integration
The Intercontinental Exchange (ICE), parent company of the New York Stock Exchange, has tapped Chainlink to bring foreign exchange (forex) and precious metals data on-chain. This move could be the first step toward broader Wall Street integration, eventually extending into major exchanges like NYSE and NASDAQ.
3. SWIFT Partnership
Chainlink is also working with SWIFT, the global banking communication network used by thousands of financial institutions. Instead of each bank experimenting with different blockchains, SWIFT is adopting Chainlink as a single “abstraction layer.” This allows banks like Citibank, BNP Paribas, and BNY Mellon to connect to blockchain infrastructure using Chainlink as the bridge.
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Price Levels and Market Outlook
Immediate resistance sits around $29–31, while support lies near $21–22. If LINK can reclaim $26 and hold, analysts say it could push it higher into lighter liquidity zones.
For the long-term outlook, many are asking: Can LINK reach $100?
- Bullish Logarithmic Projections show wild predictions as high as $600, though these are widely seen as overly bullish.
- More Realistic Targets suggest $70–$80 this cycle, with $100 possible if adoption accelerates faster than expected.
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FAQs
Key drivers include a record $1.5B futures open interest, surging new wallets, and major institutional adoption from over 30 financial firms.
More realistic targets suggest $70–$80 this market cycle, with $100 possible if institutional adoption accelerates faster than expected.
It’s a system where revenue is used to buy and lock away LINK tokens on the open market, reducing circulating supply to support long-term price growth.
Yes 
No 
