Chainlink's active addresses have reached an eight-month high following significant migrations to its Cross-Chain Interoperability Protocol (CCIP). The surge in activity was driven by Solv Protocol's decision to move $700 million in tokenized Bitcoin assets to Chainlink's network, following security concerns with LayerZero. On May 9, Chainlink recorded 282,170 active addresses, marking its highest level since September 2025.
The increase in active addresses coincides with large-scale accumulation by whale investors, who added nearly 33 million LINK tokens in the past month. This trend has bolstered confidence in Chainlink's market outlook, as the protocol's adoption grows among institutional players seeking robust cross-chain security solutions. Analysts highlight the expanding CCIP ecosystem as a pivotal factor for Chainlink's long-term growth potential.
Chainlink Active Addresses Surge Amid Major CCIP Migrations
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