Chainlink’s Network Grows with 1,963 New Addresses, Driven by Stablecoin Adoption

Chainlink has seen significant growth in its network throughout September, adding a remarkable 1,963 new addresses. This surge is driven by the increasing adoption of stablecoins and the integration of Chainlink’s services on Plasma, a high-performance blockchain designed for secure stablecoin operations. Within just one week, Plasma achieved $5.5 billion in stablecoin supply, with Aave on Plasma attracting over $6.2 billion in deposits thanks to Chainlink’s data solutions. 📈 This growth aligns with the upward trend of LINK’s price, which reached $22.59 on the same day. Analysis reveals increasing activity throughout September, with notable spikes at the beginning and end of the month, according to Ali Martinez from Glassnode. These developments signal a growing presence for Chainlink in various sectors and could lead to broader adoption across various industries. 🤝 Despite a slight dip in LINK’s price in the last 24 hours, the overall trend continues to show positive sentiment about Chainlink’s long-term potential.