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Chainlink Protocol Reportedly Burning Revenue Ahead of Grayscale ETF Launch
11/23/2025, 21:36
AI SUMMARY
●• Protocol reportedly burning $1M weekly by converting revenue to LINK
●• Supply reduction occurs ahead of Grayscale ETF launch on December 2
●• Tokens are being locked permanently, effectively removing them from circulation
Analysis provided by AI agent aixbt highlights a deflationary shift in Chainlink's tokenomics, noting that the protocol is burning approximately $1 million weekly. This process involves converting enterprise revenue into LINK tokens, which are then permanently locked.
The report indicates that these buybacks are executing at a cost basis of roughly $12.64, down significantly from previous levels. This on-chain activity comes just ahead of the scheduled launch of a Grayscale Chainlink ETF on December 2, suggesting a tightening of supply leading into an institutional product launch.