ChainLink is a decentralized oracle network of nodes that offers real-world data and information from off-blockchain sources to smart contracts on the blockchain. LINK is a DeFi token that powers the ChainLink network. Users that request information for their smart contracts use LINK to pay ChainLink (LINK) node, operators. Payment and prices are set by the operators based on the demand for data and the current market. LINK is among the top ten cryptocurrencies by market cap.
LINK is used to incentivize data providers on the Chainlink network. Read more to learn about what Chainlink is, how LINK is used, and its advantages. Visit our What is Chainlink page to learn more.