Chainlink (LINK) hit all-time highs in one metric, according to on-chain analytics firm Santiment. Also earlier in the week, Chainlink tweeted about proof of reserve. Data analytics firm Santiment noted that Chainlink has seen a massive increase in its social volume on Twitter after the cryptocurrency project shared about Proof of Reserve.
The blockchain analytics firm noted that this increased audience interest could have a positive price impact. After the collapse of FTX, more users across the industry began requesting Proof of Reserves. Chainlink’s Proof of Reserv has been used by stablecoins, tokens and Blockchain bridges to increase the transparency of the underlying reserves of new on-chain assets.
Chainlink has reached multiple milestones in 2022, from value enable to Link Steakead to helping the Web3 economy expand securely. Chainlink Oracle Services supports more developers and projects than ever before, resulting in more than 6.9 trillion dollars in transaction value in 2022.