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How to Buy Chainlink
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Chainlink is on the decline this week. ↘
The price of Chainlink has increased by 0.35% in the last hour and increased by 10.40% in the past 24 hours. Chainlink’s price has also fallen by 5.29% in the past week. The current price is $20.32 per LINK with a 24-hour trading volume of $539.90M. Currently, Chainlink is valued at 61.65% 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 638,099,970.453 LINK which means that Chainlink has as total market cap of 638,099,970.453.
$13.0B
$539.9M
638.1M LINK
84 days
#15
$52.99
↗ 0.35%
↗ 10.4%
↘ 5.29%
↗ 0.14%
↘ 30.68%
↗ 31.33%
↗ 38.35%
↘ 31.03%
↘ 40.29%
↗ 6.2%
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.
We update our Chainlink to USD currency in real-time. Get the live price of Chainlink on Coinbase.
The current market cap of Chainlink is $13.05B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Chainlink is $52.99. This all-time high is highest price paid for Chainlink since it was launched.
Over the last 24 hours, the trading volume of Chainlink is $539.90M.
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.
The current circulating supply of Chainlink is 638 million.
The median time that Coinbase customers hold Chainlink before selling it or sending it to another account or address is 84 days.
Chainlink ranks 22 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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.
Yes, Chainlink is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Chainlink guide.
Date | Price | Change |
---|---|---|
Today (January 14, 2025) | $20.32 | 10.04% |
24 hours ago (January 13, 2025) | $18.46 | 10.40% |
1 week ago (January 7, 2025) | $21.47 | -5.29% |
1 month ago (December 14, 2024) | $29.21 | -30.68% |
1 year ago | $14.74 | 31.33% |
Published on February 5, 2024
Chainlink enables smart contracts to interact with external data, a connection that is crucial for many digital agreements that depend on real-world information.
Today, a substantial majority of DeFi applications rely on Chainlink’s oracle services to provide accurate and timely external data to smart contracts, which enhances the overall security and efficiency of their protocol.
Furthermore, Chainlink’s recent collaboration with SWIFT to successfully transfer tokenized assets across multiple blockchains showcases its potential to bridge the gap between traditional finance and blockchain technology.
Published on February 5, 2024
Chainlink’s reliance on external data sources can be a double-edged sword. While it provides valuable real-world data integration, the quality and reliability of these sources are crucial.
The LINK token serves primarily as payment for Chainlink services, functioning as a spending token. This poses a challenge, as significant appreciation of LINK could inflate the cost of Chainlink services, potentially prompting users to consider alternatives due to increased expenses.
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Earn free crypto after making your first purchase. Terms apply.
Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
1 Chainlink (LINK) to Real (BRL)
R$122.85
1 Chainlink (LINK) to Nigerian Naira (NGN)
NGN 31,543.64
4,975 unique individuals are talking about Chainlink and it is ranked #39 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 3.3 out of 5. Finally, Chainlink is becoming more newsworthy, with 6 news articles published about Chainlink. This is a 66.67% increase in news volume compared to yesterday.
On Twitter, people are mostly neutral about Chainlink. There were 33.12% of tweets with bullish sentiment compared to 8.1% of tweets with a bearish sentiment about Chainlink. 58.78% of tweets were neutral about Chainlink. These sentiments are based on 1691 tweets.
On Reddit, Chainlink was mentioned in 338 Reddit posts and there were 578 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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4,975 people
1,245 posts
0.35%
#39
3.3 out of 5
6
1,691 people
33.12%
Bullish
58.78%
Neutral
8.1%
Bearish
338
578
1,232
1,319
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Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.