The current price of Chainlink is $12.5770. Over the last 24 hours, Chainlink has decreased by -0.32%. It currently has a circulating supply of 638,099,971 LINK and a maximum supply of 1,000,000,000 LINK, giving it a fully diluted market cap of $8.02B. At present, the Chainlink coin holds the 13 position in market cap rankings. The Chainlink/USD price is updated in real-time.
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Chainlink is a decentralized oracle network that enables blockchain-based smart contracts to access reliable real-world data stored off-chain. To accomplish this, Chainlink rewards data providers, known as oracles, for providing accurate and valuable data in exchange for Chainlink's native ERC-20 cryptocurrency, LINK.
Chainlink comprises nearly 1000 independent decentralized oracle networks that provide crypto market data, FX rates, indices, weather readings, sports stats, election results, flight information, and other information to smart contracts on over 12 blockchain networks. Arbitrum, Avalanche, Ethereum, Fantom, Harmony, and Polygon are among the blockchains supported by Chainlink.
To become an oracle in the Chainlink ecosystem, data providers must first stake a predetermined number of LINK tokens to maintain the integrity of the network. If data providers are found to be involved in jeopardizing the network's viability, Chainlink will reduce its stakes.
Beyond being a provider of decentralized data, Chainlink offers several services, such as Verifiable Random Function (VRF), Keepers, Proof of Reserve (PoR), and Cross-Chain Interoperability Protocol (CCIP). The network's Off-Chain Reporting (OCR) also enables nodes to provide ten times more data to smart contracts while reducing operating costs by 90%.
LINK price and tokenomics
Chainlink's supply is hard-capped at 1 billion LINK tokens. Investors received 35% of the total supply, while node operators and ecosystem rewards received 35%. Chainlink's parent company, SmartContract.com, received 30% of LINK supply. LINK tokens enter circulation when node operators receive LINK as a reward, investors who hold LINK, or projects that receive LINK as an acquisition or sell them on the open market.
About the founders
Chainlink was founded in 2017 by serial entrepreneur Sergey Nazarov and software engineer Steve Ellis. Before launching Chainlink, Nasarov worked on several projects centered on peer-to-peer technology. He co-founded ExistLocal, a peer-to-peer marketplace for tourists, in 2009. He was instrumental in the launch of CryptaMail, a fully decentralized mail service, five years later. Nazarov also collaborated with Steve Ellis to launch two other companies in 2014, including SmartContract.com.
Chainlink's technical advisors include prominent figures inside and outside the blockchain industry. Eric Schmidt, former chairman, and CEO of Google, Jeff Weiner, CEO of LinkedIn, and Tom Gonser, co-founder of DocuSign, are among those on this list. According to Crunchbase, Chainlink has raised $32 million from investors such as Fundamental Labs, Andreas Schwartz, and Nirvana Capital.
Chainlink highlights
Chainlink integrates weather data from Google Cloud
Since 2019, Google Cloud and Chainlink have been working together to allow Chainlink to incorporate Google Cloud data. Chainlink has now fully integrated decentralized weather data from the Google Cloud in 2021. The Google Chainlink integration employs an oracle node, which continuously sends data from the outside world into the Chainlink network. This data is then combined and made accessible in aggregate form for blockchain applications.
Chainlink partners UNESCO and UNICEF
Chainlink joined forces with UNESCO in January 2021 to raise awareness about blockchain technology and support promising contributors. After a few months, Chainlink announced a partnership with UNICEF to fund blockchain applications in developing countries.
Chainlink 2.0
The Chainlink team revealed plans to optimize the protocol in April 2021 via the Chainlink 2.0 whitepaper. According to the whitepaper, the next set of upgrades will focus on enabling a trustless and more decentralized system for running the Chainlink protocol. Notably, a component of this strategy calls for establishing a staking-powered incentive mechanism. As a result, Chainlink can ensure that malicious node operators are penalized while honest data providers are rewarded by implementing a staking economy anchored by LINK.
In June 2022, more than a year after this publication was published, Chainlink announced that Chainlink 2.0 would allow LINK holders to delegate their stake to get more people involved in the protocol's validation process. In addition, the upgrade will include an advanced reputation-tracking system that will generate performance metrics for each node operator.
Number of posts mentioning a token in the last 24h. This can help gauge the level of interest surrounding this token.
Contributors
Number of individuals posting about a token in the last 24h. A higher number of contributors can suggest improved token performance.
Interactions
Sum of socially-driven online engagement in the last 24h, such as likes, comments, and reposts. High engagement levels can indicate strong interest in a token.
Sentiment
Percentage score reflecting post sentiment in the last 24h. A high percentage score correlates with positive sentiment and can indicate improved market performance.
Volume rank
Volume refers to post volume in the last 24h. A higher volume ranking reflects a token’s favored position relative to other tokens.
In the last 24 hours, there have been 7.7K new posts about Chainlink, driven by 3K contributors, and total online engagement reached 1.9M social interactions. The sentiment score for Chainlink currently stands at 57%. Compared to all cryptocurrencies, post volume for Chainlink currently ranks at 1104. Keep an eye on changes to social metrics as they can be key indicators of the influence and reach of Chainlink.
Powered by LunarCrush
Posts
7,657
Contributors
3,034
Interactions
1,931,475
Sentiment
57%
Volume rank
#1104
X
Posts
6,474
Interactions
1,012,587
Sentiment
84%
Chainlink FAQ
What is Chainlink?
Chainlink is a decentralized oracle network that connects the blockchain ecosystem to the real world. Chainlink enables the operation of complex smart contracts that require off-chain data to function. Consider it a blockchain-based data protocol that allows independent data providers to relay data to smart contracts.
What services does Chainlink provide?
Chainlink began as a verifiable off-chain data provider but has since expanded its services to include more functionality in blockchain smart contracts. Chainlink products include high-quality data feeds for all types of real-world information, a random number generator called Chainlink VRF, Keppers to automate smart contract functions, Proof of Reserve, which allows project owners to publish transparent reports about their on-chain and off-chain reserves, and Cross-Chain Interoperability Protocol (CCIP), which assists developers in developing interoperable decentralized applications.
Where can I buy LINK?
Easily buy LINK tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include LINK/USDT, LINK/USDC, LINK/ETH, and LINK/BTC.
To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into LINK, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.
How much is 1 Chainlink worth today?
Currently, one Chainlink is worth $12.5770. For answers and insight into Chainlink's price action, you're in the right place. Explore the latest Chainlink charts and trade responsibly with OKX.
What is cryptocurrency?
Cryptocurrencies, such as Chainlink, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Chainlink have been created as well.
The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice. OKX does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX and its affiliates (“OKX”) are not in any way associated with the owner or operator of the TPW. You agree that OKX is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
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