About Chainlink
Chainlink is a decentralised oracle network that feeds real-world data, such as prices, into smart contracts. LINK pays node operators and is used for staking.
What moves the Chainlink price
- Adoption of its oracle and cross-chain services.
- DeFi activity that depends on price feeds.
- Staking programmes.
- Broader crypto sentiment.
The data layer for smart contracts
Blockchains cannot read outside information by themselves. Chainlink's oracle networks deliver prices, interest rates, reserve data and other inputs that lending protocols, derivatives platforms and tokenised assets rely on. Its price feeds secure a large share of decentralised-finance value, and its cross-chain interoperability protocol (CCIP) is used by banks and market infrastructure firms experimenting with tokenisation.
What moves LINK
LINK's price tends to respond to adoption news from financial institutions, growth in on-chain lending and tokenised real-world assets, staking participation and releases of tokens from non-circulating supply. It still trades with the broader crypto market, so a falling Bitcoin usually drags LINK lower regardless of project news.
Key facts
| Mainnet launch | 2019 |
|---|---|
| Token | LINK, total supply 1 billion |
| Role | Decentralised oracle network supplying data and cross-chain messaging |
| Key products | Price feeds, CCIP cross-chain protocol, proof of reserve, data streams |
| Staking | LINK staking introduced in 2022 and expanded since |
Crypto trades 24/7 on many exchanges, so prices vary slightly between venues.
Chainlink FAQ
What moves the price of Chainlink?
Adoption of its oracle and cross-chain services. DeFi activity that depends on price feeds. Staking programmes. Broader crypto sentiment.
Does Chainlink trade 24/7?
Yes. Chainlink trades around the clock on many exchanges worldwide, so prices differ slightly between venues and liquidity is usually thinner at weekends.
Where does the Chainlink data on this page come from?
The chart and technical gauge use the BINANCE:LINKUSDT pair via TradingView; market cap, supply and 24-hour data come from CoinGecko and refresh about every 15 minutes.
What is a blockchain oracle?
A service that brings off-chain data, such as asset prices, onto a blockchain so smart contracts can use it.
What is LINK used for?
Paying node operators for oracle services and staking to help secure the network.