Santiment Finds No LINK Address Surge After Infosys Deal
Chainlink (LINK) did not record an unusual increase in new wallet addresses after its partnership with Infosys reached the market on September 22, according to blockchain analytics firm Santiment.
Santiment reported that 1,344 new LINK addresses were added on September 22, compared with 1,556 the previous day. While the figure was about 19% above September’s average, it remained below several higher readings recorded since August 1, including 1,929 new addresses on August 21.
The data provides no clear evidence of an immediate network-growth response to the Infosys announcement. Santiment also noted that the number of new addresses alone cannot establish whether banks have begun adopting Chainlink services.
LINK Address Growth Shows No Immediate Infosys Effect
The Infosys partnership attracted attention because of the company’s extensive banking technology reach. Its infrastructure serves more than 1.7 billion customer accounts worldwide, although those accounts do not necessarily use Chainlink.
Under the partnership, Chainlink plans to integrate its services and Runtime Environment with Infosys Finacle Digital Assets. The integration could make it easier for banks to adopt Chainlink-related services, but neither company identified a specific bank deployment or provided a launch date.
Santiment’s September 22 data therefore places the announcement-day address count within LINK’s existing range rather than showing a distinct spike.
The timing is also relevant because LINK had already experienced significant price growth before the partnership became public. Santiment’s chart indicates that LINK’s price increased by roughly 60% between August 1 and September 22. On the announcement day itself, however, the token declined by about 1%.
That price movement does not provide evidence of an immediate market repricing tied to the Infosys deal.
Broader Network Growth Began Before the Deal
Santiment also identified an increase in average daily new LINK addresses during the period leading up to the announcement.
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| Source: Santiment On X |
Average daily new addresses were about 25% higher when Santiment compared August 1–10 with September 1–21. Both measurement periods occurred before the Infosys partnership was announced, meaning the increase cannot be attributed to the deal.
The September 22 total of 1,344 new addresses was also not exceptional compared with recent activity. Eleven days since August 1 had recorded higher daily totals, with August 21 representing the cited peak at 1,929 new addresses.
Santiment cautioned that September 23 data was incomplete. As a result, the September 22 figures could not rule out the possibility of a delayed network response following the announcement.
Payment Abstraction Limits Direct LINK Demand
The potential effect of enterprise adoption on LINK demand also depends on how Chainlink services are paid for.
Chainlink’s Payment Abstraction system allows customers to settle service fees using fiat currencies or stablecoins. That means banks using Chainlink services would not necessarily have to purchase and hold LINK directly.
Eligible payments can be converted into LINK through the system, but the Infosys partnership does not provide an estimate for future payment volumes or service usage.
Without a confirmed bank deployment or measurable activity resulting from the partnership, there is currently no basis in the cited data for calculating how much additional demand for LINK the agreement could generate.
The available Santiment figures instead show that the Infosys announcement coincided with normal-range new-address activity. While the partnership potentially gives Chainlink access to a large enterprise and banking ecosystem, the September 22 data does not show an unusual increase in LINK addresses associated with the announcement.
Writer: Marcus RenfieldCrypto Market Analyst & Onchain WriterMarcus Renfield covers cryptocurrency markets with a focus on onchain data, Bitcoin price action, and emerging market narratives. His writing examines how capital flows, network activity, and broader market structure influence short- and medium-term trends.He aims to provide clear, data-informed analysis for readers seeking a deeper understanding of crypto market dynamics.