Chainlink LINK
Cryptocurrency · Other · Not Mineable · launched in 2017
№13of 40 004
- $11.88
- Price −5.44%
- $8.68 billion
- Capitalization
- $250.73 million
- Volume over 24 hours
- 0.32%
- Dominance
About the coin
- Circulating supply
- 748.1 million LINK
- Total supply
- 1 billion LINK
- Maximum supply
- 1 billion LINK
- Fully diluted capitalization
- $11.61 billion
- 24h high
- $12.64
- 24h low
- $11.58
Chainlink (LINK) is a leading decentralized oracle network created in 2017 to securely connect blockchains with external data sources. Smart contracts are isolated from the external world and cannot independently obtain information from outside. Chainlink solves this problem by delivering accurate information about exchange rates, weather, or match results from the real world to web applications.
The project operates as a distributed network of independent nodes that verify data authenticity before sending it to the blockchain. The native LINK token is used to pay node operators for their services and ensure the security of the entire ecosystem through staking. The technology is key infrastructure for the development of the entire DeFi and Web3 industry.
Additional information
FAQ
-
Chainlink is a decentralized oracle network that acts as a bridge between blockchains and the outside world. Since smart contracts are isolated and cannot independently retrieve information from the internet, Chainlink securely delivers verified real-world data to them (exchange rates, stock quotes, weather data, etc.).
-
Blockchain oracles are special digital agents that collect information from external sources (APIs, databases, IoT devices), verify its authenticity, and translate it into a format understood by smart contracts. The Chainlink network is decentralized, so data is collected from multiple independent nodes simultaneously, eliminating the risk of fraud or errors.
-
LINK token is the internal settlement asset of the network. Smart contracts use it to pay for services of node operators who search, validate, and transmit information. Additionally, LINK is used in the staking mechanism: operators freeze their tokens as collateral, guaranteeing the integrity and accuracy of the data provided.
-
Most decentralized applications (dApps) and DeFi platforms (such as Aave lending protocols or Uniswap exchanges) depend on accurate market prices. Chainlink provides them with uninterrupted price feeds (Price Feeds). Without reliable oracles, smart contracts could not safely liquidate loans, calculate exchange rates, and prevent manipulation.
-
Initially, the LINK token was issued on the Ethereum blockchain as an ERC-677 standard token (an extended version of ERC-20). Today, Chainlink is a multi-chain solution integrated with dozens of leading layer 1 and layer 2 networks (such as Arbitrum, Optimism, Solana, BNB Chain, Polygon, etc.), enabling cross-chain data and token transmission through its CCIP protocol.
Legal status of crypto assets in Uzbekistan
This section is for reference only and shows global market data. MONIQ is not a crypto asset service provider, does not carry out operations with crypto assets and does not give individual investment advice.
- Crypto assets are not legal tender in the Republic of Uzbekistan: they cannot be used to pay for goods and services, except in cases directly established by law.
- Residents may buy, sell and exchange crypto assets only through providers licensed by the NAPP — crypto exchanges, crypto shops, crypto depositories and mining pools registered as legal entities resident in Uzbekistan.
- The register of licences is maintained by the National Agency of Perspective Projects. Licences are issued and revoked, so the composition of the register changes — check the status of a venue at the moment of the transaction.
- Until 1 January 2029 transactions with crypto assets are not subject to taxation, and income from them is not included in aggregate income.
- Crypto assets are not traded on the RSE «Toshkent» and are not available through a broker account. There are no guaranteed returns, investments are not insured, and the price may change by tens of percent in a short time.
The information does not replace legal advice. Regulation changes — before any transaction check the current wording of the law and the register of licences at .