January 29 News, although the 2025 crypto cycle is widely portrayed as “fundamentally driven,” the actual flow of institutional funds shows a clear divergence. Taking Ethereum as an example, its price retraced about 11% in 2025, but on-chain activity continued to rise. The Fuska and Pecta upgrades significantly reduced fees and alleviated congestion, with daily transaction volumes once surpassing 2.3 million, indicating that network efficiency is beginning to reap benefits in the 2026 cycle. However, capital has not simultaneously flowed back on a large scale.
The divergence in capital movement is especially evident in the ETF market. This week, total crypto-related ETF outflows approached $664 million, while the Grayscale ETF for Chainlink (GLNK) attracted approximately $4.05 million against the trend. During the same period, Ethereum-related products experienced net outflows of over $52 million. Data from SoSoValue also shows that LINK ETF funds even outperformed those of the higher market cap DOGE, and this difference seems less like short-term rotation and more like a long-term allocation choice.
Against the backdrop of intensified DeFi competition, Chainlink is accelerating its efforts to consolidate its infrastructure position. Data from DeFiLlama shows that the total value locked (TVL) across all Layer-1s has rebounded to about $170 billion, reaching a new high since the 2022 bear market, with sectors such as stablecoins, RWA, and artificial intelligence expanding in tandem. Chainlink is actively integrating into these growth engines, recently joining the GAKS global alliance for Korean won stablecoins, securing a key node in Korea’s stablecoin ecosystem.
More importantly, the total value secured (TVS) of the Chainlink network reached approximately $70 billion in Q4 2025, reflecting the scale of real assets supported by its oracles. A high TVS indicates greater trust and deeper application stickiness, which also explains why institutional funds are beginning to view LINK as one of the few high-market-cap assets with sustained fundamental support.
In a cycle where DeFi revival and real-world asset onboarding occur simultaneously, Chainlink is evolving from a “tool protocol” to a “core financial infrastructure.” The resonance between ETF funds and on-chain indicators is reshaping the market’s long-term perception of LINK’s value.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gate Daily Report (April 23): The U.S. government runs Bitcoin nodes; Tesla’s BTC holdings remain unchanged
Bitcoin (BTC) continues the rebound trend from the beginning of the week, trading at around $78,230 as of April 23. U.S. Pacific Command Commander Samuel Paparo said in a congressional hearing that the U.S. government operates Bitcoin nodes to conduct cybersecurity tests, but does not participate in mining. Tesla’s first-quarter Bitcoin holdings remain unchanged, and its digital-asset impairment loss is $173 million.
MarketWhisper21m ago
Probably Nothing” — But TOTAL2 Structure Points Higher, and These 5 Altcoins Could Lead the Rally
TOTAL2 continues to respect a long-term trendline, signaling underlying altcoin market strength.
Market sentiment remains muted, often a precursor to larger price expansions.
Select altcoins show strong fundamentals despite limited short-term price movement.
The wider altcoin market
CryptoNewsLand29m ago
Trump Confirms Iran Ceasefire Negotiations Have “No Timeline,” Bitcoin Reexamines $78k
On April 23, Bitcoin reclaimed above $78,000. On April 22, U.S. President Donald Trump, during an interview with Fox News reporter Martha MacCallum, confirmed that the U.S.-Iran ceasefire negotiations do not have a set timeline, and denied a report that the U.S. media outlet Axios cited the same day, which referred to a "3 to 5 day window period" attributed to U.S. officials.
MarketWhisper49m ago
Crypto Fear & Greed Index Rises to 46, Market Remains in Panic State
Crypto Fear & Greed Index rose to 46, maintaining a 'panic' state; up from 32 yesterday, which also indicated panic.
GateNews1h ago
Grayscale Hints at Bull Market Setup as Bitcoin Holds Critical Breakeven Level
Bitcoin markets are showing signs of a potential bottom as improving price action brings recent buyers back to breakeven. Grayscale points to strengthening positioning as a key signal that sentiment may be shifting toward more bullish conditions.
Key Takeaways:
Grayscale signaled bitcoin may
Coinpedia1h ago
Bitcoin surges toward 79K, Trump extends the ceasefire deal, and optimistic earnings lift U.S. stocks to fresh record highs
The S&P and the Nasdaq hit fresh highs again yesterday, boosted by the extension of the U.S.-Iran ceasefire and upbeat earnings reports. Crypto prices moved higher in tandem; BTC briefly surged to $79,472 and ETH rose above $2,400, with a 24-hour gain of 3.04%. Bitcoin saw large liquidations totaling $421 million; if it can hold the 78.1K real value, it may be poised to break above 80K, showing bullish momentum.
ChainNewsAbmedia2h ago
