Chainlink Reserve auto-converts revenue into LINK using Payment Abstraction. Reserve value surpasses $1 million, with growth expected over coming years. Large LINK holders increase as price rises above $18.40, signaling confidence. Chainlink has announced the launch of its Chainlink Reserve, an on-chain contract designed as a strategic reserve of LINK tokens. This initiative is powered by the Payment Abstraction infrastructure, which automatically converts revenue from businesses and on-chain services into LINK tokens. Payment Abstraction allows users to pay for services using a variety of formats—from gas tokens to stablecoins—while automatically converting all payments into LINK via Chainlink services and the liquidity of decentralized exchanges, notably Uniswap V3. The developers revealed that the Chainlink Reserve's volume has already surpassed $1 million in LINK tokens. There are no plans to use the reserve in the near future; instead, gradual growth is anticipated as more income continues to be converted into LINK. To promote transparency, the project team launched an analytics dashboard accessible to the community, allowing tracking of the reserve's status. Following the announcement, the LINK token responded positively with its price rising above $19.30 at the time of writing. Santiment, a market analytics firm, observed an increase in the number of large LINK holders and their total holdings. Specifically, after LINK's price climbed above $18.40, the number of wallets holding between 100,000 and 1 million LINK grew by 4.2%. In August alone, these holders have acquired an additional 0.67% of the total LINK supply, indicating growing confidence and accumulation among significant investors. This strategic reserve and the supporting Payment Abstraction infrastructure showcase Chainlink's commitment to strengthening the ecosystem by enhancing token liquidity and ensuring a steady reserve backed by diverse revenue streams.