Chainlink active addresses reach 8-month high as DeFi protocols migrate $700M in assets
Tech Chainlink active addresses reach 8-month high as DeFi protocols migrate $700M in assets Chainlink just recorded its busiest stretch in eight months, driven by a sharp rise in on-chain activity following major infrastructure migrations into its cross-chain ecosystem. On May 9, the network recorded 282,170 unique active LINK addresses, followed by 264,090 on May 10, the highest level since September 2025, according to Santiment data. ???? ChainLink just recorded its two highest address activity days in 8 months. On May 9th, 282,170 unique LINK addresses were active on the network, followed by 264,090 on May 10th. The network hasnt seen these levels since September, 2025. When a metric like this erupts this… pic.twitter.com/qgQiiDI7EY — Santiment Intelligence (@SantimentData) May 11, 2026 The spike came shortly after Solv Protocol announced plans to migrate more than $700 million in tokenized Bitcoin assets, including SolvBTC and xSolvBTC, from LayerZero infrastructure to Chainlinks Cross-Chain Interoperability Protocol (CCIP) after conducting a security review following the April Kelp DAO exploit. Kelp DAO also announced plans to migrate its rsETH infrastructure to Chainlink‘s CCIP. These moves represent a major shift of institutional-scale DeFi infrastructure toward Chainlink’s cross-chain ecosystem and likely contributed to the surge in network activity and smart contract interactions. The rise in address