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Few understand what’s coming $LINK

@poorhamsandwich Hundreds of millions of dollars

We're excited to announce the launch of the Chainlink Reserve, a new upgrade centered on the creation of a strategic onchain reserve of LINK tokens. The Chainlink Reserve is designed to support the long-term growth and sustainability of the Chainlink Network by accumulating LINK tokens using offchain revenue from large enterprises that are adopting the Chainlink standard and from onchain service usage. The Chainlink Reserve is being built up by using Payment Abstraction to convert offchain and onchain revenue into LINK, using a combination of Chainlink services and decentralized exchange infrastructure. Demand for Chainlink has already created hundreds of millions of dollars in revenue, substantially from large enterprises that have paid offchain for access to the Chainlink Platform. With increasing demand from a number of the world’s largest banking and capital markets institutions, this form of paying for the Chainlink standard is expected to grow into the future as the industry grows. The Reserve has already accumulated over $1M worth of LINK from this early stage launch phase, which is expected to gradually grow in the coming months as more revenue is converted into LINK and placed into the Reserve. We do not expect any withdrawals from the Reserve for multiple years and thus it is expected to grow over time. We believe that as the industry demand for Chainlink’s unique capabilities increases, that adoption of Chainlink services will enable the Reserve to grow further. 🧵👇

@EvanChalme66129 @BigBudWolf69 Every single point here about LINK is 100% wrong, here’s a thread to dive into

@EvanChalme66129 @BigBudWolf69 The Reserve is in addition to the fact that services providers (nodes) in the network are paid in LINK, and staking LINK backs the security of the network Chainlink doesn’t work without LINK

What ultimately matters is that Chainlink adoption and its associated revenue is connected back to token value accrue And that’s exactly what’s happening You may not realize it, but all gas tokens on L1 blockchains is going to be abstracted away into the background, it’s a dated form of utility that doesn’t drive token value capture long term Which is really bad for XRP given there is no staking or buyback programs, its its the gas token on XRPL