Chainlink token token
Overview
Chainlink token (LINK) is the native cryptocurrency of the Chainlink decentralized oracle network, which connects smart contracts to off-chain data, APIs, and payment systems. As an ERC-20 token, LINK is used to pay node operators for retrieving and verifying data from external sources, and it can be staked as collateral to incentivize honest oracle behavior. The token does not confer governance rights; network upgrades are decided through a separate off-chain coordination process.
Within the DeFi Intel graph, Chainlink token connects to 6 tracked entities, most strongly to Chainlink, Chainlink, Chainlink.
Relations
Top connections in the DeFi Intel knowledge graph (confidence-weighted, 6 of 6 total).
| Relation | Connected entity | Confidence |
|---|---|---|
supports_token | Chainlink | 95% |
issued_by | Chainlink | 95% |
governs | Chainlink | 95% |
mentions | Amazon Web Services Marketplace Adds Chainlink Crypto Oracle Services | 95% |
supports_token | Chainlink CCIP | 90% |
deployed_on | Ethereum | 85% |
Frequently asked questions
What is Chainlink token (LINK)?
Chainlink token (LINK) is the native cryptocurrency of the Chainlink decentralized oracle network, which connects smart contracts to off-chain data, APIs, and payment systems. It is an ERC-20 token used to pay node operators for retrieving and verifying data from external sources.
What chain is Chainlink token deployed on?
Chainlink token is deployed on Ethereum as an ERC-20 token.
Does Chainlink token confer governance rights?
No, the Chainlink token does not confer governance rights; network upgrades are decided through a separate off-chain coordination process.