Chainlink (LINK) is in the midst of a historic wave of activity and adoption. This momentum can be seen through major exchange withdrawals, a price increase, adoption via PayPal, and a strategic partnership with Monad. These movements represent a developing optimism towards Chainlink’s place in the ever-evolving blockchain ecosystem.
Exchange Withdrawals and Market Performance
The last month has been marked by heavy Chainlink withdrawals from exchanges. Over $120 million of LINK tokens were taken off exchanges. This trend reflects the fact that investors are leaning toward long-term holding strategies. Thus, the short-term selling pressure on the overall market is alleviated. According to market data platform Coinmarketcap, as of April 23, 2025 Chainlink was worth approximately $14.61, representing a positive price change of 11.83% in the past 24 hours. This bullish price trend is added on by the fact that Chainlink’s market cap has just crossed the $9 billion mark.
The gradual decrease of LINK tokens on exchanges indicates bullish sentiment. This action speaks volumes as to how much people believe in the project’s long-term potential. When you put the recent price surge together with their increasing market cap, Chainlink seems to be building some serious momentum.
PayPal Integration and Increased Accessibility
Further increasing Chainlink’s availability in the marketplace, LINK has recently been added by PayPal, alongside Solana, to their range of supported cryptocurrencies. This collaboration marks the first time PayPal users can buy, hold, and sell Chainlink (LINK) directly within the platform, enhancing the accessibility of cryptocurrency trading.
The integration with a major financial platform like PayPal provides Chainlink with increased visibility and access to a broader user base. By making the process of buying and using LINK tokens more accessible, PayPal is helping bring Chainlink into the mainstream.
Strategic Partnership with Monad via Chainlink SCALE
Now, Chainlink has officially entered a strategic partnership with Monad. This high-performance Layer-1 blockchain platform is entirely Ethereum Virtual Machine (EVM) compatible. This research collaboration is supported through the Chainlink SCALE program, which is helping bring Chainlink oracle services to the Monad testnet.
This integration includes a wide array of Chainlink services, including data feeds, data flows, and CCIP cross-chain protocols. We look forward to seeing this integration improve the functionality and interoperability of the Monad platform.
CEO of Chainlink, Sergey Nazarov, has highlighted the ways that blockchain technology can revolutionize asset management. He emphasized the need for smart collaborations to succeed in this transforming space. With its secure and reliable data feeds, Chainlink empowers Monad to help developers build more robust, efficient decentralized applications.
Upcoming SmartCon Event and Pintu Support
Chainlink’s annual SmartCon event will be back again in New York, November 4-5, 2025 at the Metropolitan Pavilion. This huge four-and-a half-day long event will gather participants from the Web3 and DeFi communities across the globe. Further, it will encourage greater collaboration and innovation among the blockchain ecosystem.
Chainlink’s accessibility just got wider than ever! Today, LINK is backed by Pintu, an Indonesia-based cryptocurrency platform that connects users with the news, trends, and updates that matter most, including information about Chainlink. Pintu News consistently publishes articles covering Chainlink updates, which helps keep users informed on the latest developments and trends within the project’s ecosystem and market performance.
