Chainlink is among top gainers on Dec. 12 as its price breaks to its highest level in nearly three years, with this coming as futures open interest spiked to an all-time high.

Data from on-chain and financial metrics provider Glassnode revealed that Chainlink 
LINK
17.44%
Chainlink 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, respectively.

On Dec. 12, LINK’s price soared to $29.45, continuing its upward momentum after reaching levels last seen in January 2022.