To put that in perspective, Ethereum’s [ETH] Grayscale Spot ETF (ETHE) saw $52 million in outflows over the same period. For Layer-1s, that kind of divergence in institutional flows doesn’t look like a short-term rotation. Chainlink’s ETF flows continue to outpace Dogecoin’s [DOGE], whose net inflows still trail LINK, even though DOGE’s market cap is nearly 3× larger. Chainlink pushes to hold DeFi dominance as rivalry intensifiesThe 2025 cycle set the stage for bringing DeFi back to the mainstream. In this context, Chainlink’s ETF flows appear less speculative and more fundamentally driven, making LINK a clear standout among its rivals.