Chainlink has rallied up 10% today as on-chain data shows the number of active addresses are at a 1-year high.
Chainlink Active Addresses Have Observed A Surge Recently
According to data from the analytics firm Santiment, there were more than 8k LINK addresses active per day last week, the highest in 18 months.
The “active addresses” is an indicator that measures the total amount of Chainlink addresses that were involved in a transaction on any given day.
When the value of this metric is high, it means a large number of addresses have been taking part in transfers recently. Such a trend shows the interest around the crypto among traders is high right now.
On the other hand, low values of the indicator suggest there aren’t many LINK investors taking part in transactions on the blockchain. This kind of trend can imply the general interest around the coin is low at the moment.
Now, here is a chart that shows the trend in the…
