Chainlink Trading Volume Hits Record in August with Big Market Buzz

• Chainlink hits record August trading volume with strong market participation and institutional interest building momentum.
• US GDP data on-chain and the ETF proposal highlight Chainlinks growing role in mainstream adoption.

Chainlink (LINK) has again set a significant record in the crypto market after its trading volume in August 2025 surpassed $46.6 billion.

This figure is the highest this year and represents nearly a quarter of the total volume since January. Its no exaggeration to consider LINK one of the altcoins that has maintained its appeal despite the market being dominated by Bitcoin.

???? NEW: $LINK trading volume in August has reached $46.6B, the highest month of 2025 and ~25% of YTD volume.

— Marc Shawn Brown (@MarcShawnBrown) August 29, 2025

Derivatives Data and Technicals Shape LINK Outlook

Data from CoinGlass shows a sharp surge in activity. LINK derivatives volume rose more than 114% to $5.82 billion. However, open interest actually decreased slightly by 5.69% to $1.52 billion.

Source: CoinGlass

This could be interpreted as a reduction in leverage exposure, but it hasnt diminished interest, as the majority of accounts on Binance remain optimistic. The long/short ratio for the LINK/USDT pair is recorded at 2.712, indicating that more traders are speculating on continued price increases.

From a technical perspective, analyst Lingrid stated that LINK is locked in a tight triangle formation after its previous major rally. The price structure remains biased toward trend continuation, especially if buyers successfully reclaim the last breakdown line and establish it as new support.

Source: Lingrid on TradingView

According to Lingrid, the $24.6–$25.0 level is key. If this area is captured, the next target will open in the $27–$28 range. Conversely, if it fails to hold the middle of the channel, the focus will shift solely to the lower area without altering the medium-term trend.

However, daily movements have not been entirely favorable. The latest price data shows LINK down 1.5%in the last 24 hours, although it still boasts a 34%monthly gain.

This correction aligns with Ethereum (-1.8%) and Solana (-2.1%) amid capital rotation into Bitcoin. The global crypto market capitalization also fell 3% to $3.8 trillion.

BTCs dominance rose to 57.66%, largely driven by the influx of funds into Bitcoin ETFs, which now have AUM of $145 billion. Furthermore, BTC derivatives open interest also increased to $716 million.

These conditions make altcoins, including LINK, feel more vulnerable. Despite this, LINKs market share remains stable at 0.41%.

hainlinks Growing Role in Data, ETFs, and Partnerships

On the other hand, there are fundamental factors that make LINKs story even more interesting. On August 28th, the US Department of Commerce began publishing quarterly GDP data to nine blockchains using Chainlink oracles.

They want to maintain the integrity of economic data to prevent it from being easily manipulated. This initiative is supported by several major exchanges, including Coinbase and Kraken, who believe that access to on-chain economic data will open a new chapter for financial application developers.

Furthermore, a few days before, Bitwise Asset Management also submitted a Chainlink ETF proposal to the SEC. If approved, this product would be the first ETF focused solely on LINK.

This way, institutions can gain exposure to this asset without having to hold the token directly. This could open a new door to increasing demand for LINK in the long term.

Furthermore, the CNF recently highlighted Chainlinks significant move in partnering with SBI Group. Its primary focus is on the tokenization of real-world assets, on-chain verification of stablecoin reserves, and regulatory-compliant cross-border payment solutions for Asian financial institutions.

This move demonstrates Chainlinks increasing boldness in entering areas previously dominated by traditional systems.

Furthermore, last week, we highlighted Chainlinks successful progress, leading Aave to launch its first integration outside the EVM network, specifically on Aptos.

Chainlink plays a role in providing accurate price feeds, strengthening the cross-chain infrastructure for the DeFi ecosystem. The combination of technical developments like these and institutional support gives Chainlink a new position in the global crypto market.