Aave governance minted and bridged 50M GHO to Arbitrum and another 50M to Monad to fund new stability modules. These two launch transfers account for 50.3% of recorded inflows to the Ethereum pool in this window.
Launch funding 100M GHOOther inflows 98.83M GHO
What remains after the launch spikes?
Jun 19, 2026 – Sep 15, 2026 · GHO per UTC day
The remaining inflows may also include protocol operations. They are not a measure of organic demand or unique users. The chart rescales when launch funding is excluded.
Jul 18, 2026 · PAYLOAD 456
Ethereum → Arbitrum
50M GHO
Minted → locked in CCIP pool → delivery reported successful
Fees shown are the LINK amounts paid for these two messages, excluding source-chain gas. They are not net revenue, reserve additions, or a typical fee estimate for other transfers.
Sources & limitations
Reviewed Sep 16, 2026. The proposals describe funding GHO stability modules, which let users exchange supported assets for GHO. Verified payload contract names, governance execution events, mint and pool-transfer logs, CCIP message IDs, token amounts and LINK fee transfers are matched in each source transaction. Chainlink’s CCIP API reports both destination executions as successful; destination receipts have not been independently replayed.
The chart uses complete days from the existing Ethereum pool ledger, checked Sep 16, 2026. Only these two transfers are classified as launch funding. Launch funding is included in total activity, but does not establish recurring customer demand. Receipt at the destination does not by itself establish later reserve funding, GSM swaps or revenue. No fee rate is extrapolated from these two selected messages.
GHO transfers into and out of the Ethereum CCIP pool. Transfers may include bridging, liquidity changes or other operations; they do not measure fees or confirm delivery on another chain. The chart includes only full UTC days from the completed history available through Blockscout.
Unverified means we have not confirmed it—not that no activity exists.
AAVE / GHO
GHO on Ethereum
GHO transfers through an Ethereum CCIP pool listed in the Aave address book ↗. The chart above tracks incoming and outgoing tokens; individual transactions are available below.
Sources & context
A published pool address can be joined to individual indexed token transfers. The underlying transaction links are available below.
The raw transfer series does not establish destination execution, distinct customers or fees. The investigation above separately matches two launch messages and their source-chain payments.
Two launch messages are traced above; broader customer activity and fee totals remain unverified.
Earlier transaction sample
50 transfers from 2026-09-09 to 2026-09-12; a limited sample, separate from the chart’s longer history. Amounts are GHO, not LINK revenue. Address and transaction labels are explorer-supplied. Pool activity source ↗
Wyoming announced adoption of Chainlink Proof of Reserve for stable-token reserve transparency. Read the announcement ↗
Sources & context
Wyoming announced adoption of Chainlink Proof of Reserve for stable-token reserve transparency.
The useful test is whether an attributed feed publishes fresh reserve observations—not the number of mentions of the partnership.
Open questions: which feed is live, how often it updates, and which applications use it. Billing requires separate evidence.
Feed address and update history not yet verified.
2026-08-24 / Launch announced
Coinbase / Tokenized Stocks
Chainlink’s release says its oracle infrastructure powers Coinbase’s newly launched tokenized stocks on Base. Read the announcement ↗
Sources & context
Chainlink’s release says its oracle infrastructure powers Coinbase’s newly launched tokenized stocks on Base.
Product availability and potential distribution do not establish active paying users. Token transfers alone would not prove oracle consumption.
Open questions: which token and oracle contracts are in use, and whether applications use them repeatedly after launch.
Contracts, recurring usage and fee contribution not yet verified.
2026-06-23 / Working group announced
Project Pangea / FX settlement
Chainlink announced a multinational working group to evaluate real-time stablecoin-based foreign-exchange settlement. Read the announcement ↗
Sources & context
Chainlink announced a multinational working group to evaluate real-time stablecoin-based foreign-exchange settlement.
Participating institutions’ assets are a measure of institutional scale, not assets using Chainlink or revenue available to LINK holders.
Open questions: production launch, identifiable settlement activity, recurring use and fees.
Production activity not yet verified. Private-network transactions may not be publicly visible.
Sources & coverage
Analysis reviewed: Sat, 12 Sep 2026 14:55:09 GMT. Charts show their own data dates. Transaction samples may be incomplete, and address names may be unverified. Code changes do not confirm that a service is live. Full methodology →