Chainlink's active addresses reached record highs on May 9 and 10, with 282,000 and 264,000 respectively, marking the highest levels since September 2025, according to Santiment. This surge is attributed to significant DeFi protocol migrations, including Solv Protocol's transfer of over $700 million in tokenized Bitcoin assets from LayerZero to Chainlink's CCIP, and Kelp DAO's similar migration plans.
Additionally, data shows that whale addresses holding between 100,000 and 10 million LINK have accumulated 32.93 million LINK over the past 30 days, indicating strong interest from large holders.
Chainlink Active Addresses Surge Amid DeFi Migration
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