Chainlink SVR has already recaptured $22.35M in liquidation value.

Annualized, that's more than $50M.
But the bigger story isn't the revenue.
It's the moat.
70% of recaptured value flows back to protocols.
30% is used to acquire LINK for the strategic reserve.
Protocols integrating SVR now participate directly in the economics.
Leaving Chainlink increasingly means giving up revenue.
That's a very different competitive dynamic than simply offering a better oracle.
Competitors no longer need to beat Chainlink's technology.
They need to replace an entire economic network.
And that network gets larger when DTCC-related tokenized asset flows begin integrating in 2026.
Infrastructure becomes difficult to replace long before it becomes obvious to value.
$LINK