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Chainlink

LINK

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About Chainlink

Chainlink (LINK) is an Ethereum token that powers the Chainlink decentralized oracle network. This network allows smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.

Chainlink (LINK) is a decentralized oracle network that seeks to connect smart contracts on the blockchain with real-world applications. Launched in 2017, Chainlink's goal is to provide smart contracts with secure and reliable data feeds, allowing them to interact with external systems. The network is supported by a diverse community of data providers, node operators, and smart contract developers. Chainlink's approach aims to integrate off-chain data into smart contracts, positioning it within the data processing field. The network also provides opportunities for users to become node operators, contributing to the network's infrastructure and receiving compensation in return.

Chainlink operates by using a network of decentralized oracle nodes. These nodes gather data from external sources, validate it, and relay it to smart contracts on the blockchain. This process enables smart contracts to interact with data that is outside their native blockchain. Chainlink's decentralized nature aims to make the data more reliable and secure, as it is not controlled by a single entity. The network also employs a staking mechanism, where node operators can lock up their LINK tokens as collateral. This collateral may be reduced if a node provides incorrect data, incentivizing honesty and accuracy among node operators.

Chainlink's capability to provide secure and reliable off-chain data to smart contracts opens up a broad range of potential use cases. It can be utilized in decentralized finance (DeFi) applications to provide accurate price feeds, in insurance contracts to verify real-world events, and in gaming platforms to generate verifiable randomness. Chainlink also allows data providers to monetize their data by selling access to it directly through the network. Furthermore, the introduction of LINK staking is intended to improve the network's security and incentivize participation, potentially contributing to a more robust oracle network.

Chainlink was co-founded by Sergey Nazarov and Steve Ellis in 2017. Before Chainlink, Nazarov co-founded several tech companies, including SmartContract, a platform that sought to connect smart contracts to external data and bank payments. Ellis, a computer science graduate from New York University, worked as a software engineer before co-founding Secure Asset Exchange, a company that aimed to facilitate easy web access to a decentralized asset exchange. The idea for Chainlink was born out of their shared vision to enable universally connected smart contracts. Since its inception, Chainlink has grown and established partnerships with various data providers.

Market

Market stats

Market cap

$10.2B

Volume (24h)

$882.3M

Circulating supply

587.1M LINK

Typical hold time

77 days

Popularity

#14

All time high

$52.99

Market performance

Price change (1h)

+0.41%

Price change (1d)

+4.46%

Price change (1w)

+7.07%

Price change (2w)

+20.57%

Price change (1m)

+19.64%

Price change (1y)

+162.45%

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Social

Some highlights about Chainlink on social media

5,288 unique individuals are talking about Chainlink and it is ranked #21 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Chainlink has an average sentiment score of 3.4 out of 5. Finally, Chainlink is becoming less newsworthy, with 8 news articles published about Chainlink. This is a 45.45% decrease in news volume compared to yesterday.

On Twitter, people are mostly neutral about Chainlink. There were 41.54% of tweets with bullish sentiment compared to 6.5% of tweets with a bearish sentiment about Chainlink. 51.96% of tweets were neutral about Chainlink. These sentiments are based on 2954 tweets.

On Reddit, Chainlink was mentioned in 681 Reddit posts and there were 1245 comments about Chainlink. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

5,288 people

Posts

2,234 posts

Dominance

0.24%

Volume rank

#21

Average Sentiment

3.4 out of 5

News Articles

8

Twitter

Reddit

Posts

681

Comments

1,245

Post Score

8,231

Comment Score

8,807

Coinbase Bytes

Whale street: How big-money institutional investors are preparing for the next bull run

Whale street: How big-money institutional investors are preparing for the next bull run

COINBASE BYTES • NOV 08, 2023

Is Wall Street ready for the next bull run? Major institutional investors have been making moves.
    As crypto markets have risen from their slumber this year, institutional investors from Wall Street, Silicon Valley, and beyond are paying attention. Major firms are increasing their investments in crypto, crypto-oriented venture funds are busy raising and deploying capital, and many of the world’s biggest banks are exploring blockchain-native financial products like tokenized treasuries and loans. 
    Institutions are showing rising enthusiasm for altcoins, with investment in products focused on Solana ($8 million), Chainlink ($2 million), Polygon ($0.8 million), and Cardano ($0.5 million) all growing last week.
An Uptober to remember: Crypto markets are rallying — here’s what analysts think might happen next

An Uptober to remember: Crypto markets are rallying — here’s what analysts think might happen next

COINBASE BYTES • NOV 01, 2023

Could crypto winter finally be over? With BTC, altcoins, and even NFTs getting boosts, “Uptober” lived up to its billing.
    Last week, bitcoin broke the $35,000 level for the first time in 18 months, and prices have mostly remained above $34,000 since. At the same time, a variety of altcoins, decentralized finance (DeFi) platforms, and even NFTs have also surged. 
    Web3 services protocol Chainlink recently passed $11.50 for the first time in 16 months and clocked a gain of over 60% last week.
    The month of “Uptober” lived up to its billing, with a number of tokens roaring back to life after months of dormancy. And while nobody can predict the future, some market watchers are more optimistic than they’ve been in a long time — and not just because of the potential for Wall Street to get a spot BTC ETF approved.

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Chainlink is on the rise this week.

The price of Chainlink has increased by 0.41% in the last hour and increased by 4.46% in the past 24 hours. Chainlink’s price has also risen by 7.07% in the past week. The current price is $17.28 per LINK with a 24-hour trading volume of $882.30M. Currently, Chainlink is valued at 67.38% below its all time high of $52.99. This all-time high was the highest price paid for Chainlink since its launch.

The current circulating supply of Chainlink is 587,099,970.453 LINK which means that Chainlink has as total market cap of 587,099,970.453.

FAQ

What is the current price of Chainlink?

We update our Chainlink to USD currency in real-time. Get the live price of Chainlink on Coinbase.

What is the market cap of Chainlink?

The current market cap of Chainlink is $10.20B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Chainlink?

The all-time high of Chainlink is $52.99. This all-time high is highest price paid for Chainlink since it was launched.

What is the 24 hour trading volume of Chainlink?

Over the last 24 hours, the trading volume of Chainlink is $882.30M.

What other assets are similar to Chainlink?

Assets that have a similar market cap to Chainlink include Lido Staked ETH, USDC, Cardano, and many others. To see a full list, see our comparable market cap assets.

How many Chainlink are there?

The current circulating supply of Chainlink is 587 million.

What is the typical holding time of Chainlink?

The median time that Coinbase customers hold Chainlink before selling it or sending it to another account or address is 77 days.

What is the relative popularity of Chainlink?

Chainlink ranks 22 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Chainlink?

Currently, 95% of Coinbase users are buying Chainlink. In other words, 95% of Coinbase customers have increased their net position in Chainlink over the past 24 hours through trading.

Can I buy Chainlink on Coinbase?

Yes, Chainlink is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Chainlink guide.