Chainlink ($LINK ) Surges Past $17 as Reserve System Launches and Real-World Asset Integrations Expand

#Chainlink (LINK) is once again in the spotlight after an impressive 8.24% rally pushed the token price to $17.85, lifting its market capitalization above $12 billion. The surge comes amid a flurry of strategic updates, including the rollout of its new Reserve System and broader adoption of tokenized real-world asset (#RWA ) data feeds across 37 blockchains.

Reserve System Goes Live, Injecting Constant #Buy Pressure

On August 7, Chainlink activated its much-anticipated Reserve mechanism, which automatically converts all protocol revenue—whether earned on-chain or off-chain—into LINK tokens. Over $1 million worth of LINK has already been locked into the Reserve with no indication of withdrawals in the near term.

This development is more than symbolic—it represents a structural shift in tokenomics:

Introduces permanent buy-side demand for LINK

Absorbs circulating supply, reinforcing scarcity

Scales with protocol usage, aligning token value with network growth

With a circulating supply of 678 #million LINK, the Reserve is seen as a major tool to enhance long-term value while sending a strong #signal of confidence to institutional stakeholders.

“This fundamentally aligns LINK’s utility with Chainlink’s growing economic footprint,” said a core contributor close to the development.