Chainlink’s LINK token has experienced a significant rally, surging by 61.3% from October 20 to October 25, reaching its highest point since May 2022. This surge coincided with Bitcoin’s 23% gain during the same period. The rally is attributed to several factors, including the announcement of Chainlink’s upcoming native staking upgrade and its integration into various blockchain networks. Additionally, telecom giant Vodafone’s involvement in the Chainlink network as a node operator has also contributed to the rally. Concerns related to the FTX and Alameda Research bankruptcy liquidation have subsided, further boosting investor interest in LINK. The funding rate for leveraged long positions in LINK has reached a three-month high. The number of active addresses in the Chainlink network has also reached an 11-month high. Overall, the rally in LINK is supported by positive developments in its ecosystem and promising advancements in Chainlink’s native staking solution.
