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Chainlink

LINK/USD #16 Crypto
$11.37−0.02%24h
24h Range
$11.23$11.61

LINK to USDT Converter

1 LINK = 11.3909 USDT · updated 06:19 UTC

Volume Bubbles Chart (1h)

Each 1-hour candle's volume is signed by its direction (up candles count as net buying, down candles as net selling) and drawn as a bubble at the closing price, green for buying and red for selling. Bubble size and colour intensity show how strong that flow is compared with the last 300 candles: the strongest 30% get full bubbles with their USD value, the rest stay as small dots. Unusually large bubbles flag aggressive buying or selling worth a closer look, often near breakouts, reversals or key levels.

Seasonal Chart

Plots one line per calendar year showing the % change since the start of that year, with the current year highlighted against up to four previous years. Lining the years up on the same calendar shows whether the price tends to rise or fall in the same months, helping you spot recurring seasonal patterns. Treat it as context rather than a forecast: past seasonality does not guarantee future moves.

Chainlink Markets

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Chainlink Historical Data

About Chainlink (LINK)

Chainlink (LINK) is a decentralized oracle network. Blockchains are very good at recording what happens on-chain, but they cannot see the outside world on their own. They do not know the price of gold, the result of a match or the weather. Oracles bring trustworthy outside data onto blockchains. Chainlink was co-founded by Sergey Nazarov and Steve Ellis. Its 2017 white paper was co-authored with Cornell Tech professor Ari Juels, and the main network went live in 2019.

The oracle problem

Without oracles, most decentralized finance apps could not tell when a loan needs to be repaid or what an asset is worth. Trusting a single data source would defeat the purpose of a decentralized app, because that source could fail or be manipulated. Chainlink's answer is to gather data from many sources through many independent node operators and combine their answers, so one faulty or dishonest node has little effect. The idea is to decentralize the data layer in the same way blockchains decentralize transaction processing.

Data Feeds, CCIP and other services

Chainlink's best-known product, Data Feeds, publishes prices of crypto assets, currencies and commodities that many lending and trading protocols rely on. Each feed updates when the price moves past a set threshold or when a fixed amount of time has passed, whichever comes first. Other services include verifiable randomness for games, automation that triggers contracts on a schedule, and the Cross-Chain Interoperability Protocol (CCIP) for moving messages and tokens between blockchains. A 2021 white paper, often called Chainlink 2.0, set out this broader vision.

What LINK does

LINK pays node operators for their services. Node operators and community members can also stake LINK as a kind of security deposit that backs the quality of Chainlink services. LINK is an ERC-677 token on Ethereum, an extension of the common ERC-20 standard, and it is available on several other blockchains where Chainlink runs. Users of Chainlink-powered apps rarely touch LINK directly, since payments usually happen behind the scenes. Staked LINK is subject to an unbonding period before it can be withdrawn.

A fixed 1 billion supply

LINK has a fixed total supply of 1 billion tokens, all created at launch. No new LINK is minted through mining or block rewards. Circulating supply rises as tokens held by the project, set aside for node operator incentives and company operations, are released over time. Because the total is fixed, LINK's supply does not inflate the way many proof-of-stake coins do. The LINK price on this page is FMchart's composite, which blends quotes from several large exchanges into one US-dollar value.

Risks for LINK holders

Chainlink's value depends on continued demand for its oracle services. Competing oracle networks exist, and a significant amount of LINK is still held by the project, so releases can add selling pressure. Staking rewards follow program rules that can change. Like other crypto assets, LINK can be very volatile.

Sources: Chainlink white papers (chain.link), Chainlink Staking v0.2 is now live (Chainlink blog), Chainlink staking (chain.link)

Last reviewed: Oct 8, 2026

Chainlink (LINK) FAQ

What is Chainlink (LINK)?

Chainlink is a decentralized oracle network that connects blockchains to real-world data and to other blockchains. Smart contracts use it for asset prices, random numbers and cross-chain messages. LINK is the network's token, used to pay node operators and to stake as a security deposit. Many decentralized finance apps rely on Chainlink price feeds.

How does Chainlink work?

Chainlink uses many independent node operators that fetch data from multiple sources, check it and deliver it to smart contracts. Results from several nodes are combined, so one bad source or node cannot easily corrupt the answer. Apps pay for these services, node operators earn LINK, and staked LINK adds a layer of accountability.

Who founded Chainlink?

Chainlink was co-founded by Sergey Nazarov and Steve Ellis, who had worked together on an earlier project called SmartContract. Their 2017 white paper was co-authored with Cornell Tech professor Ari Juels, and the project raised funds through a token sale that year. The main network launched in 2019, and Chainlink Labs leads much of the development.

What is the Chainlink price today?

Chainlink is trading at around $11.37 per LINK on FMchart's composite price. Roughly $52.22M of LINK traded in the past 24 hours across the exchanges in FMchart's composite. Because the composite blends several major exchanges, one platform may show a slightly different number.

What is Chainlink's market cap, and how many LINK exist?

Chainlink's market capitalization is approximately $8.72B, which puts LINK at number 16 by market value. About 766,849,970 LINK are circulating, out of a fixed total of 1 billion. The gap comes from tokens the project still holds, which are released over time.

What is LINK's all-time high?

LINK's all-time high is $52.7, reached on May 9, 2021. The token's price has moved with demand for decentralized finance and with the wider crypto market, which can swing sharply. A record high is a historical marker, not a forecast. For the opposite extreme, the Price Statistics panel lists LINK's all-time low as well.

How has LINK performed month by month?

In FMchart's composite price history (since July 2019), LINK's best month is August 2020 (+110.0%), while its worst is March 2020 (-44.2%). It closed the year higher in 4 of 6 full calendar years. The Monthly Returns (USD) table shows each month, and the Quarterly Closing Price (USD) table shows where each quarter ended. These are historical figures only.

What is Chainlink staking?

Chainlink staking lets LINK holders and node operators lock LINK to back the reliability of Chainlink services. The first version launched in December 2022 with a 25 million LINK pool. Version 0.2, live since December 2023, expanded the pool to 45 million LINK, added an unbonding period and introduced slashing of node operator stake.

Is Chainlink a good investment?

FMchart does not provide investment advice. Chainlink is a widely used piece of crypto infrastructure, but usage does not guarantee a rising LINK price. The main risks are token releases from project holdings, competition from other oracle providers, changes to staking rules and the general volatility of crypto assets.

What affects the price of LINK?

Demand for Chainlink services is the main driver of the token's price. Adoption by DeFi apps and traditional financial institutions, staking participation and releases of tokens held by the project also matter. Overall crypto sentiment usually has a strong effect, as do announcements about new integrations or cross-chain products.