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Chainlink

LINK
$11.22-5.22%Rank #17
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About Chainlink

Chainlink (LINK) is ranked #17 by market capitalisation, at $8.6B. Circulating supply: 766.85M LINK, out of a maximum supply of 1B. The price is 78.7% below its all-time high of $52.70, set on May 9, 2021. Categories: Infrastructure, Decentralized Finance (DeFi), Oracle, BNB Chain Ecosystem.

Chainlink is the industry-standard decentralized oracle network that solves the "oracle problem" by connecting smart contracts with real-world data. Blockchains cannot access external information on their own, so Chainlink acts as a secure bridge, enabling smart contracts to react to real-world events using verified, tamper-proof data.

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It is widely considered one of the first decentralized oracle networks and is the market leader in bringing off-chain data on-chain. The platform operates through a decentralized network of nodes that fetch, validate, and deliver data to smart contracts.

When a contract requests information like a stock price, a committee of independent nodes retrieves and aggregates the data to reach consensus, then delivers a single trustworthy answer.

Project description: CoinGecko (in English).