Chainlink (LINK) is a cryptocurrency that powers the Chainlink Network, a blockchain abstraction layer that enables universally connected smart contracts ¹. It's essentially a framework for building Decentralized Oracle Networks (DONs) that bring real-world data onto blockchain networks, enabling the creation of hybrid smart contracts ².$LINK
*Key Statistics:*
- _Market Capitalization:_ $8.01 billion ¹
- _Circulating Supply:_ 626,849,970 LINK ¹
- _Total Supply:_ 1,000,000,000 LINK ¹
- _All-Time High:_ $52.70 (May 10, 2021) ²
- _All-Time Low:_ $0.1482 (Nov 29, 2017) ²
*What is Chainlink Used For?*
Chainlink is used by smart contract applications that require access to real-world data and off-chain computations. The network is also used by data providers to monetize their datasets by selling their APIs to smart contract applications ². Some of the most common use cases include:
- _Decentralized Finance (DeFi) protocols_: securing financial market data
- _Data providers_: monetizing datasets by selling APIs to smart contract applications
*Where to Buy Chainlink?*
You can buy Chainlink (LINK) on centralized crypto exchanges like Coinbase Exchange, Bybit, and HTX ².
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