Chainlink Wallets Holding 1+ LINK Hit Highest Level Since 2022, Santiment Data Shows

The Chainlink network has recorded a significant increase in user participation, with more than 535,000 non-micro wallets now holding at least 1 LINK, according to crypto analytics firm Santiment. This figure represents the highest level of such holdings since December 2022.

Notably, this growth in holders has occurred while LINK’s price continues to trade below its previous cycle highs, highlighting a divergence between market value and network participation trends.

Source: Santiment