GMX price

With $1.1m accumulated in 24 hours, the switch is on for $LINK, here is what this means: 1. Perpetual, protocol backed buy ups Every dollar of off-chain enterprise revenue and on-chain service fees are automatically swapped into the $LINK token and locked into a multi year reserve. 2. First of its kind, reserve -> accrual model The functionality of buy-back and burn funded by speculative activity shall be outmatched by ongoing revenue streams systematically getting swapped into the $LINK token. 3. Blue chip enterprise demand fueling growth Hundreds of millions in revenue have already flowed into Chainlink from leading banking and capital-markets firms alongside cutting-edge DeFi protocols like GMX (which shares 1.2% of its trading fees) and Aave (35% of recaptured MEV fees). As these institutions continue to integrate Chainlink’s oracle, cross-chain, and data-stream services, that steady enterprise spend directly bolsters the on-chain reserve. 4. Compounding utility and tokenomics synergy Chainlink’s modular services (Price Feeds, CCIP, Automation, Functions, etc.) drive network usage and every usage event can funnel back into LINK via the Reserve. This creates a virtuous cycle: more services -> more fee revenue -> more LINK accumulation -> stronger token economics, reinforcing long-term value. 5. Alignment of incentives across stakeholders By design, the Reserve benefits every LINK holder, node operator, and staker. As adoption grows, the size of the locked-up pool swells, reducing circulating supply pressure and signaling to the market that real-world demand is underpinning price support. This kind of transparent, revenue-backed alignment simply doesn’t exist with any other oracle or “used token” in crypto.

Chainlink forming a $LINK Reserve with buybacks through their on-chain & off-chain revenue. 🔗