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
Veteran Crypto Analysts Turn Bullish on Bitcoin, Target $90K–$95K as BTC Holds $78K
Gate News message, April 23 — Several veteran crypto analysts are turning bullish on Bitcoin as BTC trades around $78,000, with multiple price targets pointing to the $90,000–$95,000 range.
Analyst DonAlt, with 720,800 followers, suggests Bitcoin will likely reach $90,000 after printing
GateNews1h ago
Bitcoin Bull Market Score Index Rises to Neutral Level, But 2022 History Warns of False Signals
Gate News message, April 23 — CryptoQuant's Bitcoin Bull Market Score Index has rebounded to the neutral level of 50 for the first time since Bitcoin declined from its high of $126,000, signaling a potential shift from bear to neutral market conditions. The index, which synthesizes ten on-chain
GateNews2h ago
SHIB Market Shift Intensifies as 82.5B Tokens Leave Exchanges
SHIB sees 82.5 billion tokens leaving exchanges, signaling reduced immediate selling pressure.
Exchange flows remain mixed, showing cautious sentiment between buyers and sellers.
Price stays stable, suggesting market indecision and possible early accumulation phase.
Shiba Inu has
CryptoNewsLand2h ago
SHIB Market Shift Intensifies as 82.5B Tokens Leave Exchanges
SHIB sees 82.5 billion tokens leaving exchanges, signaling reduced immediate selling pressure.
Exchange flows remain mixed, showing cautious sentiment between buyers and sellers.
Price stays stable, suggesting market indecision and possible early accumulation phase.
Shiba Inu has
CryptoNewsLand2h ago
Trader Killa Says Bitcoin Needs to Hold Above 111-Day SMA to Confirm Trend Reversal
Gate News message, April 23 — Renowned Bitcoin trader Killa (@KillaXBT) stated that Bitcoin must successfully recover and hold above the 111-day simple moving average (SMA) to confirm a trend reversal. Without this, Bitcoin faces strong pullback risks within the longer-term bearish framework on
GateNews2h ago
Ethereum Spot Volume Surges 72%, Traders Eye $2,600 Liquidity Gap
Abstract: Ethereum's perpetual futures show robust buying pressure, with 24h net taker volume at $5.5B and the highest 30-day average since July 2022. ETH tests $2,400 and eyes a liquidity zone at $2,475–$2,634 as EMAs rise; CVD sits around $12.6B with neutral funding, suggesting a near-term liquidity target in that range.
ETH perpetual futures show strong buying with $5.5B 24h net taker volume and a 30-day high; ETH tests $2,400, aiming for $2,475–$2,634 liquidity zone as EMAs rise; CVD ~ $12.6B, funding neutral.
GateNews4h ago
