Link is an ERC-20 token used for Chainlink Oracle Network and is a smart contract itself on Ethereum network. Chainlink Network translates real-world data to smart contracts or vice versa. Chainlink is a great achievement for creating more complex smart contracts on blockchains and making different blockchains more compatible with each other. Link tokens are used for transactions and operations as a native token on the Chainlink network.
With a total market cap of over $3.62 billion, Chainlink is the No. 19 cryptocurrency by market size. The currency symbol for Chainlink is LINK and it was launched in September 2017. There will only ever be 1 billion Chainlink tokens issued. So far 491 million tokens (49.2% of the total supply) have been issued.
We found savings accounts offering up to 7.2% APY on Chainlink deposits and loans as low as 0.0543% APY against Chainlink used as collateral. Check out our Chainlink staking yields table and Chainlink loan rates table for further details.
The technical price analysis for Chainlink below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Chainlink.
AAlmost all Chainlink loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is Chainlink flash loans which allow you to borrow uncollateralised Chainlink for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all Chainlink loans on the Chainlink Loans tab.
QWhich venture capital firms have invested in Chainlink?