Trading activity around the funds was also notable that day, with total trading value hitting $7.59 million. It’s a modest number next to the biggest single-day moves the Chainlink ETF market has seen, but after a slow opening stretch to September, any positive flow gives investors something concrete to point to.
September inflow details and cumulative performance
Context matters here. Several standout sessions boosted Chainlink ETF inflows in August, with Aug. 21 bringing in $5.16 million, Aug. 20 adding $3.63 million, and Aug. 24 contributing $2.68 million. Measured against those sessions, the Sept. 9 figure looks small. Still, it marks a break from the flat start to the month and suggests investor appetite for regulated $LINK exposure hasn’t disappeared, even if it has slowed.
Asset distribution among major Chainlink ETFs
The two products dominating this corner of the market remain unevenly matched in size. Grayscale’s GLNK holds the larger share, with approximately $136.41 million in net assets, while Bitwise’s Chainlink ETF carries about $45.36 million. Both funds give investors a regulated, exchange-traded route into $LINK exposure without requiring direct custody of the token — a structural feature that continues to differentiate ETF-based demand from spot trading activity.
Sustained Chainlink Network Activity Above August Levels
Beyond the fund flows, on-chain data from Santiment points to a network that’s been busier than it was at the start of summer’s final stretch — and that activity hasn’t fully faded even as its peak has passed.
New wallet creation and active address trends
New daily wallet creations on Chainlink stood at roughly 974 per day in early August before climbing to a peak of 1,601. That figure has since eased back to around 1,140, meaning roughly a quarter of the late-summer surge has held up rather than reversed completely.
Active addresses followed a comparable arc. They rose from 3,599 to a peak of 5,572 before settling at approximately 4,821 currently. Santiment estimated that about two-thirds of the increase in active addresses has been retained, leaving the network measurably more active than it was at the beginning of August despite the retreat from peak levels.
Comparison with Solana and Ethereum network activities
What stands out is how Chainlink’s growth compares to its peers. Over the same period, Solana’s active addresses increased by 7.5%, while Ethereum’s rose 5.2%. Chainlink’s move outpaced both, and Santiment characterized the stronger gain as something specific to the network rather than a byproduct of broader market-wide activity.
Why this matters: rising address counts don’t automatically confirm a surge in unique users. A wallet can reappear after sitting dormant, or a smaller cluster of addresses can simply transact more frequently. So while the numbers point toward stronger engagement with the Chainlink network, they don’t conclusively prove new-user growth — a distinction that matters for anyone trying to read too much into the on-chain figures alone.
Technical Analysis Points to Potential $LINK Price Breakout
The renewed crypto ETF demand and firmer network numbers are unfolding alongside a technical setup that’s drawing attention from chart-focused traders. Crypto analyst 6epuk has flagged what looks like a long-term bullish continuation pattern in $LINK’s price action — one the analyst says has been forming for more than six years.
Long-term bullish continuation pattern
According to 6epuk’s read of the chart, a confirmed breakout from that structure could set off a significant rally in $LINK. It’s a notable claim given the timeframe involved, and it adds a technical dimension to a story that’s otherwise built on fund-flow and network-usage data.
Analyst insights on breakout implications
That said, a bullish pattern on a chart is an observation, not a guarantee. At the time the SoSoValue data was captured, Chainlink’s price was listed at $11.87. Whether the combination of firmer $LINK network activity, the return of Chainlink ETF inflows, and this long-running Chainlink price pattern can actually translate into sustained upward price movement remains an open question — one the next few weeks of trading, wallet activity, and fund flows should help answer.
FAQ
When did Chainlink ETF record its first net inflow in September?
On September 9, Chainlink ETF products recorded $1.09 million in net inflows, according to SoSoValue data.
How has Chainlink network activity changed since early August?
New wallet creation and active addresses remain elevated above early August levels. Daily wallet creations peaked at 1,601 before easing to around 1,140, while active addresses peaked at 5,572 and now sit near 4,821.
What is the current technical outlook for Chainlink’s $LINK price?
Analyst 6epuk notes that $LINK appears to be forming a bullish continuation pattern that has developed over more than six years, suggesting a potential breakout and rally, though this is not guaranteed.
How do Chainlink’s network activity increases compare to other networks?
Chainlink’s active-address growth outpaced both Solana’s 7.5% increase and Ethereum’s 5.2% gain over the same period, according to Santiment.
Article produced with the assistance of artificial intelligence and reviewed by the editorial team.
