The commercial feasibility of polymer electrolyte fuel cells (PEFCs) passes by the development of Pt-based, O₂-reduction catalysts with greater activities and/or lower Pt-contents, as well as an improved stability. In an effort to tackle these requirements, unsupported bimetallic Pt-Ni nanoparticles (NPs) interconnected in the shape of nanochain networks (aerogels) were synthesized using a simple one-step reduction and gel formation process in aqueous solution. The products of this novel synthetic route were characterized by X-ray absorption spectroscopy to elucidate the materials' structure. Using electrochemical experiments, we probed the surface composition of the as-synthesized aerogels and of equivalent materials exposed to acid, and concluded that a Ni-(hydr)oxide side phase is present in the aerogel with a larger Ni-concentration. Regardless of this initial surface composition, the Pt-Ni aerogels feature a ≈3-fold increase of surface-specific ORR activity when compared to a commercial platinum-on-carbon catalyst, reaching the mass-specific requirement for application in automotive PEFCs.