Chainlink’s Early Access Staking Attracts $632m in LINK

Chainlink’s early access staking program quickly maxes out, with $632 million in LINK staked, indicating strong community interest.

This move to provide a revamped staking model is reportedly part of Chainlink’s Economic 2.0 plan. The project said it would expand its ecosystem to new users and reward stakers for on-chain participation.

The price of LINK surged as much as 12% on Dec. 8 when early access was announced and the crypto exchanged hands for around $16.61 per Coingecko. LINK’s price surged 35% in late October 2023, ahead of the new staking mechanism.