Chainlink is expected to spend $25 million more on development than Ethereum
According to the latest report from Flipside Crypto, Chainlink is spending one million LINKs per month to reward node operators, outperforming Ethereum by a wide margin.
The researchers observed that 500,000 Chainlink (LINK) are sent to node operators twice a month.
At current prices, this support constitutes almost USD 5 million per month or about USD 60 million per year. At the same time, the Ethereum Foundation is expected to spend USD 30 million this year. Ether's market capitalization (ETH) is approximately 15 times that of Chainlink.
This aggressive spending has allowed the company to achieve key milestones such as integration with the China and Tezos Blockchain Service Network (XTZ) and the introduction of verifiable randomness in the chain. This has also allowed LINK to trade near its historical peak.
Chainlink's expansion strategy has paid off. It has achieved tangible results, from key integrations to high market capitalization. Perhaps its most impressive achievement is that Chainlink has become synonymous with cryptoracles.