Chainlink

Name: Chainlink
Brand: Cryptocurrency
SKU: LINK
Price: 8.575 GBP
Availability: InStock

LINK

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

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Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

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Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

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Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

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Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

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Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

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Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

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For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

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Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

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Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

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Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

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.

Resources

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 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 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 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 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.

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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.

Market

United Kingdom Market stats

Market cap

£5.4B

Volume (24h)

£205.6M

Circulating supply

626.8M LINK

Typical hold time

84 days

Popularity

#14

All time high

£40.85

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

United Kingdom Market performance

Price change (1h)

+0.92%

Price change (1d)

+7.77%

Price change (1w)

-6.03%

Price change (2w)

-8.52%

Price change (1m)

-4.05%

Price change (1y)

-16.61%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Chainlink on social media

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.

Overview

Contributors

4,975 people

Posts

1,245 posts

Dominance

0.35%

Volume rank

#39

Average Sentiment

3.3 out of 5

News Articles

Twitter

Tweet Count

1,691 people

Sentiment

33.12%

Bullish

58.78%

Neutral

8.1%

Bearish

Posts

338

Comments

578

Post Score

1,232

Comment Score

1,319

Chainlink Calculator

How much is 1 LINK?

Conversion Table

LINK/USD (United States Dollar)

$11.09

LINK/CAD (Canadian Dollar)

CA$15.39

LINK/GBP (British Pound)

£8.58

LINK/JPY (Japanese Yen)

¥1,694.93

LINK/INR (Indian Rupee)

₹933.37

LINK/BRL (Real)

R$64.11

LINK/EUR (Euro)

€10.23

LINK/NGN (Nigerian Naira)

NGN 18,423.54

LINK/KRW (South Korean Won)

₩15,374.87

LINK/SGD (Singapore Dollar)

S$14.65

Chainlink is on the decline this week.

The price of Chainlink has increased by 0.92% in the last hour and increased by 7.77% in the past 24 hours. Chainlink’s price has also fallen by 6.03% in the past week. The current price is £8.58 per LINK with a 24-hour trading volume of £205.57M. Currently, Chainlink is valued at 79.01% below its all time high of £40.85. This all-time high was the highest price paid for Chainlink since its launch.

The current circulating supply of Chainlink is 626,849,970.453 LINK which means that Chainlink has as total market cap of 626,849,970.453.

FAQ

What is the current price of Chainlink?

We update our Chainlink to GBP 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 £5.36B. 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 £40.85. 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 £205.57M.

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 627 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 84 days.

What is the relative popularity of Chainlink?

Chainlink ranks 18 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.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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.