The price of Chainlink (LINK) has climbed approximately 24% since Sept. 1, but the rally has added almost no new users to the network, according to Santiment data published by COINOTAG on Oct. 7, 2026. Santiment is a market intelligence platform that tracks on-chain, financial, and social metrics across cryptocurrency assets, and its new-address counts are widely used by analysts as a gauge of new participant onboarding.

On-chain figures show that the creation of new wallet addresses on the LINK network averaged 1,249 per day over the four weeks to Oct. 6, compared with 1,225 per day over the four weeks to Sept. 1. The daily average increased by slightly under 2%, a figure the report highlights as evidence that network participation has remained broadly flat even as the token's price advanced. Divergences of this kind — price appreciation outpacing address growth — are among the on-chain patterns analysts monitor when comparing a token's market performance with the pace of its user-base expansion.

Chainlink is a decentralized oracle network that supplies blockchains and smart contracts with off-chain data, including market price feeds used across decentralized finance (DeFi) applications. The network was founded by Sergey Nazarov and Steve Ellis, and LINK, its native token, is used to pay for oracle services within the ecosystem.

According to the Santiment figures cited by COINOTAG, the token's recent appreciation has far outpaced new-address growth, with the roughly24% rally coinciding with an increase in daily new wallets of less than 2%. Subsequent readings of the platform's daily new-address metric will offer an updated view of whether adoption growth continues to trail the token's price trajectory.

This report was first published by COINOTAG: Chainlink (LINK) Rallies 24% While New Wallets Grow Under 2%, Santiment Data Shows