Chainlink Price Hits 3-Year High Amid Record Futures Open Interest
Chainlink emerged as one of the big gainers in the market on Thursday, reaching $29.45, a level not seen since January 2022. Its rise shows a fast-improving ecosystem and strong interest among institutional investors. After adding another 20% over the last week alone, LINK has more than trebled in price within the past 30 days.
Bradley Nelson3 min read
Chainlink emerged as one of the big gainers in the market on Thursday, reaching $29.45, a level not seen since January 2022. Its rise shows a fast-improving ecosystem and strong interest among institutional investors.
After adding another 20% over the last week alone, LINK has more than trebled in price within the past 30 days.
Institutional interest has been a key driver in LINK’s price spike. According to the analytics platform Glassnode, LINK’s futures open interest (OI) reached an all-time high of $770.27 million, with direct competitors such as Toncoin (TON) and TRON (TRX) coming in much lower at $259 million and $356 million, respectively.
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