Chainlink
Chainlink is a decentralized oracle network that connects smart contracts with real-world data, such as price feeds and weather information. It plays a critical role in the functionality of DeFi protocols and hybrid smart contracts. LINK is the native token used to pay for oracle services and incentivize node operators. Chainlink is a foundational piece of infrastructure across multiple blockchains.
| Chainlink | |
|---|---|
| Market Cap Rank | 21 |
| Sector / Use Case | Oracle Network |
| Consensus Mechanism | Hybrid |
| Year Launched | 2017 |
| Current Price Range | $5-$25 |
| All-Time High | $52 (May 2021) |
| Staking Rewards (%) | N/A |
| Developer Activity Level | Very High |
| Institutional Adoption | High |
| Notable Features | Connects smart contracts with off-chain data |
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