Recently, LINK has shown strong performance, driven primarily by Chainlink's new initiative—**Chainlink Reserve**. Its mechanism essentially involves automatically converting all revenues generated by projects on-chain and off-chain into LINK and reserving it through smart contracts, akin to a "smart contract automatic buyback" scheme.

This also explains why a significant increase in on-chain activity was observed previously.

1. Sustained support from the demand side: Through the Chainlink Reserve mechanism, project revenues on-chain and off-chain are automatically converted into LINK reserves, creating a similar effect to "smart contract automatic buybacks" and continuously increasing the actual demand for LINK.

2. Increased ecosystem activity: The aforementioned mechanism promotes growth in on-chain activity, reflecting the expansion of its ecosystem application scenarios and the increase in actual usage demand.

3. Irreplaceable infrastructure position: As the core of the oracle track, it is a critical requirement for bringing real-world assets (RWA) on-chain, with clear application scenarios that are difficult to replace, and a narrative logic that is smooth and easily recognized by the market.$ETH $BTC #加密市场回调 #主流币轮动上涨