The cumulative revenue for the cross-chain protocol which launched in July 2023 has reached $377,724.
Chainlink News
Chainlink is a decentralized oracle network that allows public blockchains and smart contract platforms to bring external, off-chain data sources to on-chain operations with minimal trust in third parties. It is one of the most high-profile projects tackling the oracle problem — the ongoing challenge of bridging real-world data such as market stats, event outcomes and even the weather to blockchain without relying wholly on centralized data providers.
The roots of Chainlink go back to September 2014 with its parent company, SmartContract, which aimed to create a middle-layer infrastructure between blockchains and the real world. Its original solution relied on centralized oracles, which prompted the development of a decentralized alternative with the Chainlink network. In September 2017, Chainlink raised funds through an initial coin offering to the total of $32 million. The mainnet launched on Ethereum in June 2019.
Chainlink’s native token, known as LINK, is used to pay the network’s node operators, or oracles, for providing secure data feeds. Eventually, oracles will be able to stake LINK as collateral to provide data feeds to specific decentralized applications, bringing skin-to-the-game mechanics for added security and certainty.
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Chainlink founder Sergey Nazarov pointed out the significant new crypto buyer group while eyeing the next development in the crypto market, real-world asset tokenization.
12899Bitcoin is trading sideways with a negative bias, increasing the possibility of a short-term correction that could pull altcoins lower.
7095Bulls failed to hold Bitcoin price above $52,000, possibly marking the start of a short-term trend change in BTC and altcoins.
5214Spot Bitcoin ETF demand remains robust, but Bitcoin could face stiff resistance near $52,000. How could altcoins react?
7477Telefónica said that the integration with Chainlink ensures that devices’ SIM cards will not undergo unauthorized changes.
3481Bitcoin price continues to march higher, fueled by robust demand from the spot Bitcoin ETFs. Which altcoins could follow BTC's bullish price action?
8556A surge in network activity and increased adoption throughout DeFi may have played a role in LINK rallying above $20.
3865Rising inflows into the spot Bitcoin ETFs have improved investors' sentiment toward the crypto market and could a factor in BTC price and altcoins moving higher.
7870Bitcoin’s price-bound price action could reach a breaking point if the sharp drop in U.S. regional bank stocks intensifies. How might altcoins react?
5210There is a growing divergence between LINK's rising prices and declining momentum, hinting at an exhausting bullish sentiment in the market.
2673Bitcoin’s range bound price action has altcoin traders taking a closer look at LINK, ICP, RNDR and SUI.
4341Bitcoin’s historical performance in February favors bulls, opening the gates for a possible rally above $45,000. Will altcoins follow?
5633Bitcoin’s downside looks limited as GBTC outflows drop and traders shift focus to the BTC halving in April.
5198Bitcoin price rallies to $42,000 on strong spot trading volumes. Will altcoins follow?
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