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Chainlink Price

(LINK)

$12.0967
0.00%(5m)

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Chainlink (LINK) Live Price Chart

    Chainlink Live Price Data

    The live price of Chainlink is $12.0967, with a total trading volume of $ -- in the last 24 hours. The price of Chainlink changed by -0.94% in the past day, and its AUD value has decreased by -12.06% over the last week. With a circulating supply of 708,099,970 LINK, the market cap of Chainlink is currently 0 AUD, marking a --% increase today. Chainlink currently ranks #12 in market cap.

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    Note: This data is for reference only.
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    LINK(LINK) Profile

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    • Website

    • Documentation

    • Explorer

    • Contract

      • 0x514910771af9ca656af840dff83e8264ecf986ca ...

    • Audited By

      • https://callisto.network/chainlink-token-link-security-audit-report/

    • Code & Community

    • Investors

      • Framework Ventures
      • Outlier Ventures
      • Fundamental Labs
      • Nirvana Capital
      • 4RC
      • 8 Decimal Capital
    $12.0531
    $12.2581
    ATH
    $52.87608912
    Price Change (1h)
    +0.12%
    Price Change (24h)
    -0.94%
    Price Change (7d)
    -12.06%
    Market Cap
    24h Volume
    Circulating Supply
    708,099,970
    Max Supply
    1B

    About Chainlink

    • What Is Chainlink (LINK) Crypto?

      Chainlink stands out as a pivotal decentralized oracle network, bridging the gap between leading blockchain networks and the real world by securely and accurately bringing off-chain data on-chain. This tamper-proof system is powered by a Proof of Stake consensus mechanism, ensuring validators who stake LINK, Chainlink's native cryptocurrency, are incentivized to maintain the network's integrity.

      LINK, an ERC-20 token based on the Ethereum blockchain, is at the heart of Chainlink's functionality. It not only serves as a utility token within the Chainlink ecosystem but also as a means for validator nodes to stake and earn rewards for their contributions.

      Chainlink's oracles are integral to the thriving decentralized applications (dApps) ecosystem, spanning from DeFi to gaming and beyond, providing essential, reliable data feeds for various blockchain-based applications. This has been particularly evident in the meteoric rise of decentralized finance (DeFi), where Chainlink's oracles have become essential in providing accurate, real-world data, notably in pricing, crucial for the operation and success of these applications.

      The demand for decentralized oracle technology, like Chainlink, is anticipated to grow as dApps and blockchain innovations continue to evolve, highlighting LINK's potential as a significant investment in the cryptocurrency space. In 2023, Chainlink has not only expanded its services but also introduced staking, enhancing network security, and offering rewards to LINK holders​.

    • How Does Chainlink Work?

      Chainlink, a cornerstone of the Web3 infrastructure, acts as a bridge between decentralized applications (dApps) and the real world by securely and accurately relaying off-chain data to on-chain smart contracts. This functionality is crucial as smart contracts, the backbone of dApps, require external data to execute but inherently lack the capability to directly access such data. Chainlink's decentralized oracle network fulfills this gap, ensuring the reliability and integrity of the data utilized by smart contracts.

      At the heart of Chainlink's operation are its oracles—nodes within the network that retrieve, validate, and relay data to smart contracts. These oracles bid on data requests from dApps, with the selected oracle fetching the data from external sources, validating it, and transmitting it back to the requesting smart contract. This process not only secures and decentralizes data delivery but also allows oracles to earn LINK, Chainlink's native cryptocurrency, as a reward for their services.

      The payment for these oracle services is made in LINK tokens, incentivizing accurate data provision and the overall network's robustness. The fee structure within the Chainlink network is determined by the oracles, based on market dynamics and the complexity of the data request, ensuring a balanced ecosystem where both data providers and node operators are compensated for their contributions.

      Chainlink's integration with various blockchains and expansion of its oracle services underscores its commitment to broadening the availability and reliability of data for the blockchain ecosystem. This includes the introduction of Chainlink Data Feeds and Chainlink Data Streams, providing secure and reliable access to a wide range of data types, from financial market data to real-world events.

    • History of Chainlink and LINK Coin

      Chainlink has solidified its position as a pivotal bridge between blockchain technology and real-world data since its inception in 2017 and its mainnet launch in May 2019. It enables blockchain and blockchain-based applications to access a wide array of off-chain data, thereby fueling the functionality and expansiveness of smart contracts across various blockchain networks. The publication of the Chainlink 2.0 white paper in April 2021 marked a significant evolution, introducing off-chain reporting to drastically reduce oracle update gas fees by up to 90%.

      Recent developments have seen Chainlink expanding its offerings and infrastructure, with initiatives like Chainlink CCIP transitioning to Mainnet General Availability, allowing developers to utilize it on the mainnet without permissions. This move significantly broadens the scope for cross-chain communication and interoperability​​.

      Chainlink Data Streams and Data Feeds have been further refined to support new data types and blockchains, providing low-latency, secure, and reliable data for DeFi derivatives and other applications. This enhancement solidifies Chainlink's position as the backbone of real-time data provision in the DeFi space, with platforms like GMX leveraging Chainlink Data Streams for optimized performance and security​​.

      The Chainlink Functions platform represents another leap forward, offering a serverless development environment for connecting smart contracts to external data sources and computations. This broadens the potential for creating dynamic, real-world connected dApps and NFTs​​.

      Moreover, Chainlink Proof of Reserve now extends its verification services to include real-world assets and liquid staking tokens, bridging the gap between traditional financial systems and the blockchain with transparent, reliable attestations​​.

      Chainlink's Economics 2.0 initiative, including the BUILD and SCALE programs, has been instrumental in fostering a symbiotic relationship between Chainlink and various projects within its ecosystem. These programs incentivize the adoption of Chainlink services by offering enhanced access and technical support in exchange for a commitment of fees and other incentives. The SCALE program, in particular, has facilitated the integration of Chainlink oracles by covering operational costs, thereby propelling smart contract innovation across several blockchain ecosystems​.

      2023 has seen significant advancements in Chainlink's capabilities and offerings, with expansions in both the monetization model and the technical infrastructure​​​​​​. Chainlink has introduced innovative services like Chainlink Functions, a Web3 serverless computing platform allowing smart contracts to interact with any external data source, and Chainlink Proof of Reserve, ensuring the veracity of on-chain tokens backed by off-chain or cross-chain assets.

      Furthermore, Chainlink Staking has been introduced as part of Chainlink Economics 2.0, adding a layer of cryptoeconomic security and offering rewards for participants who contribute to the network's integrity. This feature underscores Chainlink's continuous effort to enhance network security and participant engagement through economic incentives​.

    • What Is LINK Token Used for?

      The Chainlink (LINK) token serves multiple crucial roles within the Chainlink ecosystem and beyond, underlining its versatility and broad utility across the blockchain space. Here's an updated and optimized overview based on the latest developments:

      1. Currency for Transactions within the Chainlink Ecosystem: LINK is the primary medium of exchange for transactions between decentralized applications (dApps) and Chainlink's node operators. This includes payments for accessing off-chain data and other oracle services, ensuring the smooth operation of hybrid smart contracts across various blockchain platforms​​​​.

      2. LINK Staking by Node Operators: LINK tokens are staked by node operators as a form of security deposit, ensuring their commitment to providing accurate and reliable data. Staking mechanisms within Chainlink also aim to improve the cryptoeconomic security of the network, with rewards incentivizing the maintenance of high-quality oracle services​​​​.

      3. Trading and Investment: As a highly liquid digital asset, LINK can be traded against other cryptocurrencies, stablecoins, and fiat currencies on numerous exchanges. Investors and traders often engage with LINK for portfolio diversification, leveraging market dynamics such as the LINK price chart, market cap, and trading volume to inform their strategies​​.

      4. Liquidity Provision and Passive Income: Platforms like KuCoin Crypto Lending enable LINK holders to lend their tokens, contributing liquidity to the market and earning interest. This introduces an avenue for passive income generation, with terms and interest rates varying according to the platform's offerings​​.

      5. Integration and Adoption across Blockchain Projects: LINK's widespread adoption across various blockchain projects underscores its significance beyond the Chainlink network. Its integration facilitates a wide range of use cases, from DeFi to traditional finance, enhancing the blockchain ecosystem's connectivity and functionality​​.

      6. Involvement in Governance (Potential Future Use): Discussions within the Chainlink community have hinted at a possible shift towards a more decentralized governance model. If realized, LINK token holders could play a pivotal role in decision-making processes, influencing the network's direction and policies.

    FAQ

    • How much is 1 Chainlink (LINK) worth?

      KuCoin provides real-time AUD price updates for Chainlink (LINK). Chainlink price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time LINK to AUD exchange rates.

    • Is Chainlink (LINK) a Good Investment?

      Evaluating Chainlink (LINK) as an investment involves understanding its role in the blockchain ecosystem, its historical performance, recent developments, and future potential based on various analyses and predictions.

      Chainlink's Role and Performance

      Chainlink serves as a decentralized oracle network, bridging the gap between on-chain and off-chain data. Its unique value proposition lies in enhancing smart contract functionality by securely integrating real-world data, making it a cornerstone in the DeFi and broader blockchain space. Chainlink has shown resilience and growth, particularly highlighted during the DeFi boom of 2020 and 2021​​.

      Recent Developments and Future Outlook

      Recent updates include Chainlink's collaboration with SWIFT on the Cross-Chain Interoperability Protocol (CCIP) and the introduction of the SCALE initiative to offset oracle network operating costs. These developments, along with the launch of Chainlink staking services, indicate a strong and evolving ecosystem poised for further adoption​​.

      Market Position and Competition

      Chainlink remains the leading oracle solution, significantly ahead of its closest competitors in terms of market cap and adoption. Despite competition from other oracle networks like Band Protocol and API3, Chainlink's extensive partnerships and integrations across DeFi and traditional industries solidify its dominance​​​​.

    • What Is Chainlink Price Prediction?

      While we cannot provide a reliable LINK crypto price prediction, the following factors could help you better understand the price trends in Chainlink cryptocurrency:

      1. Technological Vulnerabilities: Security breaches or scalability issues can affect user trust and market value, affecting the Chainlink price.

      2. Competition from Other Oracle Solutions: The emergence of competing decentralized oracle services can impact Chainlink's market share and the LINK/USDT price.

      3. Crypto Market Sentiment and Investor Psychology: The collective mood of investors, driven by optimism or fear, can lead to fluctuations in the LINK crypto price.

      4. Macroeconomic Factors: Broader economic trends, such as inflation rates and geopolitical events, can affect Chainlink's market value and the $LINK price.

      5. Network Centralization Risks: Concerns over the concentration of control within the network can impact the LINK token price.

      6. Developer Ecosystem and Community Support: The involvement and innovation of developers and the engagement of the community can drive Chainlink's growth and value.

    • How Is Chainlink Different From Ethereum?

      Chainlink and Ethereum, although built on the same foundational blockchain technology, serve distinct roles within the cryptocurrency ecosystem, highlighting their unique value propositions, technological capabilities, and market positions.

      Chainlink's Unique Role

      Chainlink, launched in 2017 (originally as SmartContract.com in 2014), primarily functions as a decentralized oracle network. It's designed to bridge the gap between blockchain smart contracts and real-world data, ensuring the secure and reliable transmission of off-chain data to on-chain applications. This is crucial for the operation of decentralized applications (dApps) that rely on external data sources for their execution, like price feeds for DeFi platforms​​​​.

      Ethereum's Foundation

      Ethereum, on the other hand, is a comprehensive blockchain platform launched in 2015, enabling developers to build and deploy decentralized applications and smart contracts. Ethereum is recognized for introducing smart contract functionality, which has paved the way for the extensive development of dApps across various sectors, including DeFi, gaming, and NFTs. Its native cryptocurrency, Ether (ETH), is used to execute these contracts and transactions within its ecosystem​​​​.

      Technological Distinctions and Market Position

      While Chainlink operates as a layer that connects blockchains with essential off-chain information, Ethereum provides the foundational layer for dApps and smart contracts. Chainlink's LINK token is an ERC-20 token that facilitates transactions within the Chainlink network, contrasting with Ethereum's ETH, which serves as a broader currency and utility token within the Ethereum ecosystem. Ethereum's market cap significantly surpasses Chainlink's, reflecting Ethereum's broader utility and adoption in the crypto space​​​​​​.

      Collaboration and Interoperability

      Despite their differences, Chainlink and Ethereum are not in direct competition but rather complement each other's functionalities. Chainlink's integration with Ethereum enhances the capabilities of Ethereum-based dApps by providing them with secure and reliable data from the outside world. This symbiotic relationship underscores the potential for collaborative growth and innovation within the blockchain sector​​​​.

      Market Trends and Future Outlook

      Both platforms continue to evolve, with Chainlink focusing on expanding its oracle network for improved data reliability and Ethereum transitioning towards a more sustainable and scalable model with its upcoming ETH 2.0 upgrade. The advancements in both projects suggest a strong future trajectory, underscoring their critical roles in the broader blockchain and cryptocurrency landscapes​​​​​​.

      In summary, Chainlink and Ethereum offer distinct but complementary technologies within the cryptocurrency ecosystem. Chainlink's focus on providing secure and reliable data to blockchain networks enhances the functionality of Ethereum's smart contract and dApp platform, together driving forward the innovation and adoption of blockchain technology.

    • How to Stake LINK on Chainlink

      You can participate in staking LINK tokens through their staking platform called Chainlink Staking (v0.2). Here's a step-by-step guide on how to do it:

      Prerequisites

      1. Have LINK tokens in a self-custodial wallet like MetaMask, Coinbase Wallet, or any wallet supporting WalletConnect.

      2. Have enough ETH in your wallet to cover network fees.

      Steps for Staking LINK

      1. Navigate to the Chainlink Staking website.

      2 Click "Connect wallet" and choose your preferred crypto wallet from the provided options.

      3. Read and check the box if you agree to the terms.

      4. Select the specific account containing your LINK tokens.

      5. You have two options:

      i. Community Staking: Stake LINK individually with a minimum of 1 and a maximum of 15,000 per address.

      ii. Node Operator Staking: Requires minimum 1,000 and maximum 75,000 LINK and running a Chainlink node.

      6. Specify the desired amount within the allowed range for your chosen option.

      7. Double-check all details and approve the transaction in your wallet.

      8. The transaction will be processed on the Ethereum network, and your staked LINK will be reflected in your staking overview.

    • What is the all-time high price of Chainlink (LINK)?

      The all-time high price of Chainlink (LINK) is 52.88. The current price of LINK is down 77.12% from its all-time high.

    • What is the all-time low price of Chainlink (LINK)?

      The all-time low price of Chainlink (LINK) is 0.13. The current price of LINK is up 9,477.98% from its all-time low.

    • How much Chainlink (LINK) is there in circulation?

      As of 1 25, 2026, there is currently 708,099,970 LINK in circulation. LINK has a maximum supply of 1B.

    • How do I store Chainlink (LINK)?

      You can securely store your Chainlink in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your LINK include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.