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How to Buy Chainlink
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Chainlink
LINK
LINK Price
$10.47
USD
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 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.
Chainlink Insights
Bulls say
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.
Bears say
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.
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Market
Market stats
Market cap
$6.6B
Volume (24h)
$287.6M
Circulating supply
626.8M LINK
Typical hold time
84 days
Popularity
#15
All time high
$52.99
Market performance
Price change (1h)
+0.07%
Price change (1d)
-2.01%
Price change (1w)
-8.83%
Price change (2w)
-11.08%
Price change (1m)
-6.43%
Price change (1y)
-16.28%
Market benchmarks
Performance (1Y)
-14.48%
Vs. Market (1Y)
-51.11%
Vs. BTC (1Y)
-56.33%
Vs. ETH (1Y)
-33.27%
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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.
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Overview
Contributors
4,975 people
Posts
1,245 posts
Dominance
0.35%
Volume rank
#39
Average Sentiment
3.3 out of 5
News Articles
6
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/CAD (Canadian Dollar)
CA$14.54
LINK/JPY (Japanese Yen)
¥1,595.10
LINK/INR (Indian Rupee)
₹880.71
LINK/BRL (Real)
R$60.64
LINK/EUR (Euro)
€9.63
LINK/NGN (Nigerian Naira)
NGN 17,207.81
LINK/KRW (South Korean Won)
₩14,427.34
LINK/SGD (Singapore Dollar)
S$13.80
Coinbase Bytes
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
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.
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
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Chainlink is on the decline this week.
The price of Chainlink has increased by 0.07% in the last hour and decreased by 2.01% in the past 24 hours. Chainlink’s price has also fallen by 8.83% in the past week. The current price is $10.47 per LINK with a 24-hour trading volume of $287.62M. Currently, Chainlink is valued at 80.24% 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 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 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 $6.56B. 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 $287.62M.
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.
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.