Chainlink · LINK

LINK is capped at 1 billion tokens, all created at launch. The network pays no block reward, runs no staking emission and has no mint function, so protocol inflation is structurally zero — the on-chain total supply read the same 1,000,000,000 at both ends of the window.

There is no vesting contract and no cliff calendar for LINK, and an independent unlock tracker lists the token as fully unlocked with nothing upcoming. Everything still outside circulation sits in project-managed wallets with no dated release, which is the row below.

This is the whole supply story. Reading all 33 wallets the project publishes as non-circulating at both ends of the window shows the balance falling from 272.9M to 251.9M — exactly 21M LINK left the reserve and reached the float. It moved in one cluster on Jun 19 2026: 18.375M through a deposit address that held nothing at either end and forwarded everything to an exchange, and 2.625M to a staking-rewards multisig. Across a full year the same wallets released exactly 70M, matching the published rate of 7% of total supply per year, so the next 90 days are projected at 17.26M on that rate. Tracked overhangs: the remaining 251.9M reserve itself, which has no published release calendar, the staking-rewards multisig holding 10.06M, and on the buy side the Chainlink Reserve holding 5.58M behind a multi-day withdrawal timelock.

No bankruptcy estate, trustee schedule or court-ordered distribution applies to LINK — no public evidence of release in window, monitored.

The Chainlink Reserve converts network revenue into LINK and holds it in an on-chain contract behind a multi-day withdrawal timelock. It does not burn and it does not stake — a full scan of the contract this window found no outgoing transfer at all. Reading the balance directly at both ends: 3.78M LINK on May 26 2026 and 5.58M today, so 1.8M was genuinely taken off the open market. The pace is flat rather than rising — six consecutive fortnightly reads run between 15,400 and 29,400 a day, and the most recent is the lowest of them — so the next 90 days are projected at the same 1.8M.

LINK has no fee-burn mechanism. Fees paid for oracle, data-feed and cross-chain services are routed to node operators and to the Reserve, never destroyed, so nothing is burned.

No discretionary open-market buying outside the Reserve accumulation already counted above — no public evidence of release in window, monitored. A listed company announcing its own LINK treasury does not belong here: those coins are bought on the open market and are already inside the circulating base.

No new multi-year lock or escrow was created in the window. The community staking pool read exactly 40.88M at both ends — its published cap, unchanged to the decimal — and the node-operator pool moved under 3K. The live staking version is still v0.2 with a 45M total cap; a cap increase or a new staking version would put the first number in this row.