What is Chainlink?
LINKChainlink is a network of oracles that bring outside data, such as prices, onto blockchains and connect chains to each other.
The tokenLINK pays node operators for their services and is staked to back the quality of the data they deliver.
Supply and what is still to come
How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.
- Circulating supply
- 766.8 million LINK
- Total supply
- 1.000 billion LINKin existence, locked or not
- Maximum supply
- 1.000 billion LINKthe LINK token contract created all 1 billion LINK at deployment and cannot create more
- Issued or unlocked
- 76.7%circulating, of the maximum supply
- Held in the project's disclosed wallets
- 23.3%233.2 million LINK
- Supply in 10 years
- 1.000 billion LINKno more LINK can be created, so at most today's total supply exists in 10 years
A year in the market
Measured on the daily closes of our own US dollar price index.
- Return, past year
- −32.9%daily closes
- Volatility, past year
- 66%annualised, daily log returns
- Deepest fall from a peak, past year
- −56.0%daily closes
- Below its all-time high
- −79.8%high of $52.27 on 9 May 2021
- Correlation with bitcoin
- 0.82daily returns, past year; 1 is lockstep
- Beta to bitcoin
- 1.23its usual move for a 1% move in bitcoin
Points to check
What our data shows that a holder should know. Each point is a measurement, not a rating.
- Supply still to come
30% more than today's circulating supply can still enter circulation (233.2 million LINK), so the fully diluted value is 1.30x the market cap.
- Held by the project
23.3% of the total supply sits in wallets the project discloses as its own.
- Price swings
Its daily moves were 1.5x as large as bitcoin's over the past year (volatility 66% against 44%).
- Distance from the high
It trades 80% below its all-time high daily close of $52.27 (9 May 2021).
- Moves with bitcoin
Its daily returns had a correlation of 0.82 with bitcoin's over the past year, so it has added little diversification to a bitcoin holding.
Questions
What is Chainlink?
Chainlink is a network of oracles that bring outside data, such as prices, onto blockchains and connect chains to each other.
What is LINK used for?
LINK pays node operators for their services and is staked to back the quality of the data they deliver.
Is Chainlink's supply capped?
Yes: at most 1.000 billion LINK. 76.7% are issued or unlocked so far.
Where is Chainlink traded?
On 11 of the 11 exchanges we read: 9 list spot pairs against the dollar or a dollar stablecoin and 11 list perpetual futures. The token finder lists every pair.
Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update