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Chainlink

Chainlink

link

$14.26Price Change 24h: 7.39%Price data by Coingecko logoCoinGecko

Chainlink Price Chart

Chainlink Price Converter

link

24-Hour Range

$13.24 $14.26
LowHigh

Market Cap

Rank#17
Market Cap$8.62B
Volume$446.18M

Supply

Circulating608.10M
Total1.00B
Created on09/16/2017

All Time High

ATH$52.7
ATH Change-73.09%
ATH Date05/10/2021

Chainlink Price Perfomance

PeriodChange [%]LowHigh
24h7.39%$13.24$14.22
7 days10.26%$14.22$14.53
14 days-1.37%$14.22$14.53
1 month-4.31%$14.79$14.9
1 year104.82%$6.22$7.07

Chainlink OHLC

DatePriceNet ChangeChange [%]PriceNet ChangeChange [%]
07/09/2024Close13.120.796.41%High13.510.312.35%
Open12.34-0.86-6.52%Low11.86-0.45-3.66%
07/08/2024Close12.33-0.85-6.45%High13.2-0.06-0.45%
Open13.20.917.40%Low12.310.090.74%
07/07/2024Close13.180.877.07%High13.260.766.08%
Open12.29-0.21-1.68%Low12.221.089.69%
07/06/2024Close12.31-0.28-2.22%High12.5-1.19-8.69%
Open12.5-1.09-8.02%Low11.14-1.43-11.38%
07/05/2024Close12.59-1.04-7.63%High13.69-0.86-5.91%
Open13.59-0.81-5.63%Low12.57-1.00-7.37%
07/04/2024Close13.63-0.76-5.28%High14.55-0.15-1.02%
Open14.40.070.49%Low13.57-0.68-4.77%
07/03/2024Close14.390.070.49%High14.70.171.17%
Open14.330.080.56%Low14.250.030.21%

* Price information provided by CoinGecko. Day starts at UTC 00:00

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LINK (Chainlink) Explained:

Chainlink was founded in 2017 by co-founders Sergey Nazarov, and Steve Ellis, and the LINK token went live in November of 2017 after an initial coin offering (ICO) that raised $32 million.

Since its launch, Chainlink has gone on to become the leader in the decentralized oracle space, boasting a market cap of $9 billion.

1. What is LINK (Chainlink)?

Chainlink is a decentralized oracle network (DON) that is represented by its token, $LINK. Oracles allow for off-chain data such as stock prices, weather, or sales statistics to be integrated on-chain. Oracle providers like Chainlink enable developers to build decentralized applications (dApps) that rely on access to real-world data, on any blockchain.

2. How does Chainlink work?

Chainlink runs a network of decentralized data oracles that tap into the world’s highest quality data feeds.

Many smart contracts require real world data to execute commands, however most of the data is stored in off-chain servers. Oracles are used to communicate that data to the dApps, allowing for smart contracts to function and execute commands based on off-chain data. With a singular oracle solution, there is one centralized point of failure, and manipulation of that oracle could lead to the collapse of the dApp.

Chainlink on the other hand, is a network of oracles, thus making the data transmission decentralized. The decentralized network of oracles makes information transmission from off-chain databases to smart contracts more secure and reliable than a centralized oracle.

3. What are the risks of investing in LINK?

Like other cryptocurrencies LINK is subject to high volatility based on market conditions, and the market’s interpretation of Chainlink.

Competitors such as Band Protocol, and Pyth Network also offer decentralized oracle solutions to protocols, and it is possible that a competitor overtakes Chainlink.

4. What are the benefits of LINK?

Chainlink is necessary for smart contracts to be able to interact with real-world and off-chain data. The interaction between real world data and smart contracts allows for blockchain technology to improve existing off-chain systems.

Chainlinks decentralized nature ensures that no one oracle or node is a single point of failure. LINK is also entirely open-sourced, which allows independent developers and security firms to verify Chainlink’s code, or offer help developing the network.

Latest posts about Chainlink

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Chainlink Powers NAV Data For Sygnum's On-Chain Fidelity Fund

Chainlink Powers NAV Data For Sygnum's On-Chain Fidelity Fund

Chainlink is now providing NAV data for Sygnum’s on-chain representation of Fidelity’s Institutional Liquidity Fund.
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depiction of digital bonds and real estate

Investors Look to BlackRock’s Next Target: Real World Assets

RWA-related tokens such as Ondo and Chainlink have surged following the Ethereum ETF approval.
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data streams shown as glowing neon lines moving from a central source to multiple blockchain nodes

DTCC Leverages Chainlink for Smart NAV Pilot

The pilot program explored the feasibility of delivering mutual fund price and rate data using Chainlink’s CCIP.
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Chainlink Completes Permissionless Rollout For Cross-Chain Interoperability Protocol

Chainlink Completes Permissionless Rollout For Cross-Chain Interoperability Protocol

CCIP is already generating $6,669 in daily revenue for Chainlink.
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Chainlink Launches Cross-Chain Bridging App ‘Transporter’

Chainlink Launches Cross-Chain Bridging App ‘Transporter’

Transporter leverages Chainlink’s Cross-Chain Interoperability Protocol (CCIP), which is enjoying a recent surge in adoption.
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Metis Integrates Chainlink’s Cross-Chain Interoperability Protocol Amid Restaking Push

Metis Integrates Chainlink’s Cross-Chain Interoperability Protocol Amid Restaking Push

Metis partners with EigenLayer and Renzo Finance to roll out Ethereum restaking.
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Chainlink Strikes Partnership To Enable Smart Contract Interactions With Telecom Networks

Chainlink Strikes Partnership To Enable Smart Contract Interactions With Telecom Networks

Chainlink Labs will enable Polygon-based smart contracts to query Telefonica's mobile operators.
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A coin with the word 'LINK' at the center

Chainlink Holders Staked Tokens Worth $650M Hours After Early Access Launch

The entire community pool allocation was filled days before the staking service was available to the public.
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Swift Could Support Interconnected CBDCs Via Chainlink

Swift Could Support Interconnected CBDCs Via Chainlink

Study Details Experiments In Tokenized Asset Transfers With Over A Dozen Participating Financial Institutions
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Swift To Explore Cross-chain Transfers With Major Banks

Swift To Explore Cross-chain Transfers With Major Banks

Chainlink Will Facilitate Interoperability With CCIP