bitFlyer
bitFlyer
  • Markets
  • Rewards hub
Log inSign Up
Home/Asset wiki/LINK
Back to assets
LIN

Chainlink

LINK

Oracle / Web3 infrastructure · 2017

Spot Perpetual

Overview

Chainlink is a decentralized oracle network. It supplies off-chain data, price feeds, and cross-chain messaging (CCIP) to smart contracts.

Highlights

  • It is widely used for price data in DeFi derivatives, lending, and stablecoin systems. Market share changes over time and is not a fixed guarantee.
  • CCIP is its cross-chain protocol, used by some projects and institutions to move messages and tokens between chains.
  • It also offers verifiable randomness (VRF) and proof-of-reserve data feeds.

Token model

The cap is 1 billion LINK. The token pays node operators and can be used as stake for oracle services.

FAQ

Why do blockchains need oracles?

A contract cannot read exchange rates, weather, or equity prices by itself. An oracle network brings signed external data on chain after its own consensus checks.

Basics

SymbolLINK
Launch year2017
ConsensusDecentralized oracle network (DON)
Max supply1,000,000,000 LINK
Trade LINK