Chainlink (LINK) Registers New All-Time High Above $22 With High Whale Activity & Paxos Partnership

Published by
Chainlink (LINK) Registers New All-Time High Above $22 With High Whale Activity & Paxos Partnership

While Bitcoin (BTC) and Ethereum (ETH) are showing some tumultuous volatility, it’s time to look at some of the lesser-known altcoins. Oracle service provider Chainlink has shot 22% to hit a new all-time high above $22. At press time, LINK is trading at a price of $22.16 with a market cap of $8.8 billion.

With this move, LINK has become the ninth most valuable cryptocurrency replacing Stellar (XLM). The Chainlink rally has been back with strong on-chain fundamentals. On-chain data provider Santiment shows its “Holders Distribution data” wherein the whale number has remained high whereas the mid-tier addresses are growing rapidly.

Courtesy: Santiment

On the other hand, the active address for LINK has also hit a new 5-month high. This possibly comes on the backdrop of rising DeFi activity as Chainlink finds a solid use-case in the Decentralized Finance (DeFi) space.

Paxos Global Partners With Chainlink to Enter DeFi

Cryptocurrency brokerage platform and leading financial market infrastructure Paxos announced its partnership with Chainlink on Thursday, January 14. Paxos will leverage Chainlink’s decentralized oracle network to make its asset-backed token Paxos Standard (PAX) and Paxos Gold (PAXG) available across the decentralized finance (DeFi) market.

Adding Paxos tokens to the Chainlink feed will make integration easier for different DeFi applications. Walter Hessert, Head of Strategy at Paxos said:

“Chainlink oracles will accelerate the adoption of Paxos’ USD and Gold-backed tokens in DeFi. With the proof of reserve and price available on-chain, our regulated assets will become more accessible for DeFi users.”

Currently, USDT and USDC have a lion’s share in the stablecoin utility in the DeFi space. Also, only MakerDAO offers PAX as a collateral type. The new partnership will let more DeFi projects to use the PAX stablecoin. Also, the Paxos Gold (PAXG) can bring the utility of real-world assets to the DeFi market.

Advertisement

Share
Bhushan Akolkar

Bhushan is a seasoned crypto writer with over eight years of experience spanning more than 10,000 contributions across multiple platforms like CoinGape, CoinSpeaker, Bitcoinist, Crypto News Flash, and others. Being a Fintech enthusiast, he loves reporting across Crypto, Blockchain, DeFi, Global Macros with a keen understanding in financial markets. 

He is committed to continuous learning and stays motivated by sharing the knowledge he acquires. In his free time, Bhushan enjoys reading thriller fiction novels and occasionally explores his culinary skills. Bhushan has a bachelors degree in electronics engineering, however, his interest in finance and economics drives him to crypto and blockchain.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • 24/7 Cryptocurrency News

Ethereum and BMNR Rallies as BitMine Drops $1B on ETH, Analyst Hails “Most Bullish Setup Yet”

The Ethereum price and BMNR stock have recorded modest gains thanks to BitMine’s recent $1…

October 2, 2025
  • 24/7 Cryptocurrency News

ASTER Deposits Flows Into Binance Wallets Following CZ Endorsement, Listing Incoming?

In a fresh development, multiple ASTER tokens have been sent to Binance spot wallets, following…

October 2, 2025
  • 24/7 Cryptocurrency News

Avalanche Treasury Seals $675M Deal With Mountain Lake to Build $1B AVAX Vehicle

Avalanche Treasury Co., in partnership with Mountain Lake Acquisition Corp., has unveiled a $675 million…

October 2, 2025
  • 24/7 Cryptocurrency News

Just In: Nasdaq-Listed VivoPower Raises $19M in Equity to Expand XRP Treasury Holdings

Nasdaq-listed VivoPower has stepped up its digital treasury goals with a fresh capital raise aimed…

October 2, 2025
  • 24/7 Cryptocurrency News

Solana Price Rallies 5% as Nasdaq-listed VisionSys Launches $2B SOL Treasury Strategy

Solana increased in price by 5% to approximately $219 following a $2 billion Solana treasury…

October 2, 2025
  • 24/7 Cryptocurrency News

XRP Ledger Rolls Out MPT Standard for Real-World Asset Tokenization

The XRP Ledger (XRPL) has launched the Multi-Purpose Token (MPT) standard, designed to simplify and…

October 1, 2025