PANews reported on December 13 that according to Decrypt, Chainlink (LINK) prices soared to their highest level since January 2022 on Thursday, reaching $29.45, as demand for the asset from sophisticated investors continued to rise. LINK prices have risen 20% in the past seven days and 119% in the past month.

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