Chainlink experienced a significant increase in on-chain activity, adding 1,963 new addresses on October 1, 2025. This marks the largest daily growth in over a month, driven by the rollout of Cross-Chain Interoperability Protocol (CCIP) integrations and new institutional pilot programs with major entities like Swift and UBS Asset Management. The surge in new addresses reflects growing institutional interest and adoption of Chainlink's technology, which is seen as a positive indicator for LINK's price trajectory. Analysts highlight key support at $20.24, with potential breakout targets reaching up to $46.31.