Chainlink futures open interest hits an all-time high, LINK price reaches a three-year high

ChainCatcher news, according to Decrypt, Chainlink (LINK) price surged to its highest level since January 2022 on Thursday, reaching $29.45, as mature investors' demand for the asset continues to rise. The LINK price has increased by 20% in the past seven days and by 119% in the past month.

Glassnode data shows that the open interest (OI) for LINK futures reached a record high of $770.27 million, triggering this rebound. This figure dwarfs the open interest of competitors, such as Toncoin (TON) at $259 million and TRON (TRX) at $356 million.