Key Insights:
- LINK active addresses hit 282,170 on May 9, the highest level since September 2025.
- A second spike followed on May 10, with 264,090 unique LINK addresses active.
- Suilend plans to migrate over $70M in tokenized Bitcoin assets to Chainlink CCIP.
- Analysts said rising usage and whale accumulation could support LINK if momentum holds.
Chainlink’s LINK recorded its strongest network activity in eight months after daily active addresses surged to 282,170 on May 9 and 264,090 on May 10, according to Santiment data shown in the chart. The spike came as LINK traded near the $10.5 to $10.9 range, drawing attention to whether rising protocol use could support the token’s next price move.
Chainlink Address Activity Hits 8-Month High
Santiment Intelligence reported that Chainlink posted its two highest address activity days since September 2025. The chart showed daily active addresses staying relatively quiet through February, March, and April before a sharp breakout in early May.
According to Santiment, the May 9 reading of 282,170 active LINK addresses marked the highest level in eight months. The following day, 264,090 unique addresses were active on the network, confirming back-to-back spikes in user interaction.
The chart also showed LINK’s price rising alongside the increase in activity. LINK moved near the $10.598 level on the chart, while the active address count jumped far above earlier daily readings.
CCIP Migration Drives Network Attention
The surge came shortly after Suilend announced that it would migrate more than $70 million in tokenized Bitcoin assets from LayerZero infrastructure to Chainlink CCIP. The assets included SolvBTC and xSolvBTC.
The decision followed a security review linked to the April KiloEx exploit. Kelp DAO had also announced plans to migrate its rsETH infrastructure to Chainlink CCIP, adding to signs of growing DeFi infrastructure demand around Chainlink.
Analysts said these moves suggested a broader shift in cross-chain DeFi infrastructure. The migration placed Chainlink’s CCIP at the center of fresh smart contract and network activity.
Analysts Watch LINK’s Next Price Setup
According to the shared analysis, the activity spike reflected real protocol utilization rather than only speculative trading. Analysts noted that past increases in network activity have often appeared before LINK price moves, especially when broader market conditions stayed supportive.
The post also cited earlier accumulation data showing wallets holding between 100,000 LINK and 32.93 million LINK added coins over 30 days. That accumulation, combined with rising address activity, strengthened the case for monitoring LINK’s next market reaction.
For now, analysts said LINK’s outlook depends on whether broader crypto momentum remains bullish. Besides, continued institutional-grade use of Chainlink infrastructure could keep LINK in focus among DeFi participants.
