Data from on-chain and financial metrics provider Glassnode revealed that Chainlink $LINK futures open interest reached $770.27 million as LINK hit its highest levels in almost two years. OI, a measure of market activity, provides insights into investor sentiment, which appears bullish in this case.

Glassnode’s data from December 11 highlighted that Chainlink’s OI was nearly three times that of Toncoin $TON and twice that of TRON $TRX . Specifically, TON and TRX futures open interest stood at $259 million and $356 million.