Recently shared analytics data shows a sharp increase in activity of Link Marine over the past few days
- “Link Marines Are Back”
- Chainlink Staking Announced
According to a recent tweet by IntoTheBlock on-chain data aggregator, LINK investors are actively trying to monetize the stake that Chainlink recently announced.
“Link Marines Are Back”
IntoTheBlock has announced that the number of daily active wallets has increased from 1.41K on June 5th to 2.32K on June 8th yesterday, since Chainlink announced the bets on its blockchain.
The tweet states that the coin is rising and outperforming the crypto market since Chainlink spread talk about staking on June 7.
The Marines are back.$link Since the announcement of the stake, there has been a continuous upward trend and is outperforming the market.$link Experiencing an increase in the number of daily active addresses, from 1.41k on June 5 to 2.32k yesterday.https://t.co/sV6Aix1OiL pic.twitter.com/CsExbQoYwa— IntoTheBlock (@intotheblock) 9 June 2022
Chainlink Staking Announced
According to Chainlink’s blog post, the main objective of introducing staking is to both increase cryptoeconomic security and make users more confident about Chainlink’s oracle services.
Users will be able to lock down their LINK tokens to ensure a service-level guarantee about how well the network will perform in the future.
In this way, Chainlink nodes will be incentivized to generate accurate oracle reports and deliver them in a timely manner.
In the long run, as its adoption continues to expand, stakers will be able to receive rewards from a variety of sources on the Chainlink network.
Since the announcement of the staking launch, LINK has added 21.5% in two days, now trading at $9.44 but still 82.89% down from its all-time high of $52.88 on May 10 of last year.