#chainlink
Chainlink (LINK) is a decentralized oracle network that enables smart contracts on various blockchains to securely interact with real-world data and external APIs. This functionality is crucial for developing advanced decentralized applications (dApps) and decentralized finance (DeFi) platforms.
As of December 21, 2024, Chainlink's native cryptocurrency, LINK, is trading at approximately $24.43 USD. Over the past 24 hours, LINK's price has ranged from a low of $20.06 to a high of $24.93, reflecting a 10.49% increase from the previous close.
Chainlink's market capitalization is around $15.61 billion, with a circulating supply of approximately 638 million LINK tokens. The 24-hour trading volume is about $2.04 billion, indicating significant market activity.
Since its launch, Chainlink has become integral to the blockchain ecosystem by providing reliable data feeds for various applications, including DeFi protocols, gaming platforms, and enterprise solutions. Its decentralized oracle services are widely adopted, enhancing the functionality and security of smart contracts across multiple blockchain networks.