✍️ TL;DR: Chainlink’s non-micro wallets rebound back to highest level since 2022

📊 Metrics Used: Supply Distribution (# of Wallets)

🔗 Link to chart

📈 Chainlink's network now contains more than 535K wallets holding at least 1 LINK, the highest total since December 2022. What makes this particularly significant is that the growth has occurred while $LINK's price remains well below its cycle highs. Historically, sustained increases in wallet counts are often viewed as a sign of gradual adoption and accumulation. The growth in new participants into the ecosystem is encouraging, especially during periods of market uncertainty.

👀 Watching the growth in the number of non-micro wallets (at least 1, in LINK’s case) is important because it measures participation rather than speculation. Prices can rise and fall based on short-term sentiment, but a growing base of holders indicates expanding long-term trust and interest in the network. With Chainlink continuing to play a central role in oracle services, tokenized assets, and real-world asset infrastructure, watch for crypto’s #17 market cap to be a breakout candidate when overall markets turn bullish once again.