Chainlink Price Today
The current price of Chainlink (LINK) is $13.55**, reflecting a **0.27% change** over the last 24 hours. The 24-hour trading volume stands at **$426,502,973.
Market Capitalization
Chainlink holds the #17 position in market cap rankings, with a live valuation of $9,206,230,503.
Historical Price Data
All-Time High (ATH)
- ATH Price: $52.70
- Current Deviation: -74.29%
All-Time Low (ATL)
- ATL Price: $0.148183
- Current Growth: 9,044.10%
What is Chainlink?
Chainlink is a decentralized oracle network that bridges blockchains with real-world data. It enables smart contracts to securely interact with external APIs, data feeds, and payment systems.
Key Features:
- Decentralized Oracles: Ensures data reliability via a network of independent nodes.
- LINK Token: An ERC-20 utility token used to incentivize node operators.
- Proof-of-Stake (PoS): Node operators stake LINK to participate and earn rewards.
How Chainlink Works
Data Request Flow:
- Smart contracts submit requests to Chainlink nodes.
- Nodes bid to fulfill requests, backed by staked LINK.
- Malicious actors lose their stake, ensuring integrity.
Data Delivery Models:
- Basic Request Model: Two-step transaction process.
- Decentralized Data Model: Real-time on-chain data updates.
Chainlink’s Ecosystem
- Founders: Sergey Nazarov (CEO) and Steve Ellis (CTO).
- Launch: Mainnet release in May 2019; expanded to BNB Chain, Avalanche, and Layer 2 networks.
- Funding: Raised $32 million via ICO in 2017.
Notable Partnerships:
- Binance, Google Cloud, and Everipedia.
Security Measures
- PoS Consensus: Validators secure the network by staking LINK.
- Town Crier Integration: Enhances oracle security via trusted execution environments.
👉 Secure your LINK tokens with Ledger’s hardware wallet
Managing LINK Tokens
Using Ledger Live:
- Setup: Install Ledger Live and the Ethereum app.
- Storage: Create a Chainlink account for ERC-20 tokens.
- Transactions: Buy/sell LINK directly via the app.
👉 Explore Ledger Live’s features
FAQ Section
1. What is LINK used for?
LINK incentivizes node operators to provide accurate data to smart contracts.
2. How does Chainlink ensure data accuracy?
Via decentralized node networks and staking mechanisms.
3. Can I stake LINK?
Yes, through platforms supporting PoS consensus.
4. Is Chainlink scalable?
Yes, with support for multiple blockchains and Layer 2 solutions.
5. How do I store LINK securely?
Use hardware wallets like Ledger for offline storage.
6. What’s the future of Chainlink?
Expansion into cross-chain interoperability and enterprise adoption.
Additional Resources
- Buying Crypto: Learn about on-ramps
- Staking: Earn rewards with ETH, SOL, and more.
- Supported Assets: 1,800+ coins/tokens via Ledger Live.
Prices as of latest update. For real-time data, check Ledger Live.
### Key SEO Elements:
- **Keywords**: Chainlink, LINK token, decentralized oracles, staking, Ledger Live, ERC-20.
- **Structure**: Hierarchical headings, bullet points, and tables for readability.