Chainlink logo
Chainlink
LINK
$19.96

Sector

Defi

Exchange Debut

2018-01-05

Market Cap

11,715,751,077

Maxim Supply

1,000,000,000

Circulating Supply

587,099,971

Circ. Supply(%)

58.71%
Chainlink logo

Chainlink

LINK

Price

$19.96

Market Cap

Sector

Exchange Debut

11,715,751,077
2018-01-05

Volume 24h

High 24h

Low 24h

388103048
20.388302452888
18.950916470484

Change 24h

Change 7d

Change 30d

-1.5093
10.8739
26.8268

Maxim supply

Circulating supply

Circulating supply(%)

1,000,000,000
587,099,971
58.71%

The opinion of artificial intelligence (AI), based on the fundamental analysis of the Chainlink-LINK cryptocurrency:

Established in 2017, Chainlink has established itself as an indispensable layer in the blockchain ecosystem, achieving a global score of 8.73 out of 10 following fundamental analysis of the ChainLink-LINK cryptocurrency. Chainlink facilitates universally connected smart contracts by bridging blockchains with external data feeds, events, and payment methods through its decentralized oracle network. This analysis aims to delve into the project’s strengths and weaknesses across various criteria.

SOCIAL & MASS MEDIA: Score 8.25 out of 10

The Chainlink project enjoys significant online presence and community engagement. It particularly shines in attracting followers and having a substantial media presence, with perfect scores in both. However, it lags slightly in activities of social media administrators and community activity on its social platforms. Improving community engagement could push the project’s fundamental analysis score even higher.

AUDIT & SECURITY: Score 9.43 out of 10

Safety and transparency are strong suits for Chainlink. The project has excellent audit results and shows a high level of information transparency. Liquidity on exchanges is also rated perfect, which is a promising indicator for investors. Chainlink has performed admirably in this aspect of the fundamental analysis of the Chainlink-LINK cryptocurrency.

TOKENOMICS: Score 8.45 out of 10

Tokenomics is another area where Chainlink excels. Although the project is slightly inflationary, scoring a 7.5, it is highly decentralized, with a 9.5 score in this sub-criterion. These numbers suggest that the token has been designed with long-term utility and decentralization in mind, further strengthening the project’s fundamental analysis.

ECOSYSTEM DEVELOPMENT: Score 8.9 out of 10

The Chainlink ecosystem is robust and continuously evolving. With a healthy score for achieving objectives and planning new developments, Chainlink assures stakeholders of its future growth and enhancements. This contributes to the overall positive fundamental analysis of the Chainlink-LINK cryptocurrency.

TEAM & DEVELOPERS: Score 8.4 out of 10

A skilled and extensive team backs Chainlink, including a high number of software developers, scoring a 10 in this regard. Their cumulative experience, however, falls slightly short of perfect, indicating room for improvement.

PRODUCT & UTILITY: Score 8.88 out of 10

Chainlink’s product utility is significant in the decentralized finance (DeFi) space. The token also serves a crucial role within the ecosystem, achieving high scores for both sub-criteria. This provides further weight to the positive fundamental analysis of the Chainlink-LINK cryptocurrency.

PARTNERS & INVESTORS: Score 8.85 out of 10

The project boasts impressive partnerships and a solid investor base, showing it has the financial backing and industry confidence to continue evolving.

Fundamental analysis of the Chainlink cryptocurrency – The final conclusion

In light of this in-depth fundamental analysis of the Chainlink-LINK cryptocurrency, it’s clear that the project is well-positioned in the market, offering a unique value proposition. While it demonstrates strengths in security, tokenomics, and product utility, there is room for improvement in community engagement and team experience. As far as investment opportunities go, Chainlink shows promise but isn’t without risks, especially considering its slightly inflationary nature and competition in the oracle space. Nonetheless, its high scores across the board indicate that it’s worth considering for a diversified cryptocurrency investment portfolio.

What is Chainlink?

Chainlink, established in 2017, serves as a blockchain abstraction layer designed to connect smart contracts universally. The platform achieves this through a decentralized oracle network, making it possible for smart contracts to interact securely with external data, events, and payment methods. Chainlink’s uniqueness stems from its ability to integrate off-chain data into smart contracts, thus acting as a significant player in the data processing field. Trusted data providers like Brave New Coin, Alpha Vantage, and Huobi collaborate with Chainlink, offering a monetization pathway for their data.

Community and Revenue Streams

The Chainlink network boasts a vast open-source community comprising data providers, node operators, smart contract developers, researchers, and security auditors. Users can become node operators, providing essential data infrastructure and in return, earning revenue. The network currently powers decentralized Price Feed oracle networks that secure billions in value for leading DeFi applications such as Synthetix, Aave, and Compound.

Security Measures

When it comes to security, Chainlink is an Ethereum-based ERC-20 token employing a proof-of-stake (PoS) consensus mechanism. This approach is in contrast to Bitcoin’s proof-of-work (PoW) mechanism and is designed to combat the high power consumption associated with PoW systems. PoS is gaining popularity for its efficiency and scalability advantages.

In a fundamental analysis of the Chainlink-LINK cryptocurrency, it’s crucial to consider its innovative features, large community support, and robust security mechanisms, which collectively make it a compelling option in the blockchain space.

Fundamental analysis of the Chainlink - LINK cryptocurrency

Chainlink - LINK performance

GENERAL CRITERIA:

Score

SOCIAL & MASS MEDIA
0
AUDIT & SECURITY
0
TOKENOMICS
0
ECOSYSTEM DEVELOPMENT
0
TEAM & DEVELOPERS
0
PRODUCT & UTILITY
0
PARTNERS & INVESTORS
0
Content description – Go to Metholodogy

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

Go to Methodology

Content description

Social & Mass Media In this section was taken into consideration the intensity of the activity of the social media page of the administrators , the speed of the community growth, the user interaction with the pages and as well the number of media appearances in the most important trade publications.

Audit & Security In particular, the team looks if the project is audited, how extensive the audit is,  at the bug bounty program, if it had incidents or not, at the liquidity on the exchanges and at the transparency of the information provided.

Tokenomics Under this criterion it is analyzed whether the project is inflationary or not, whether it has maximum supply, the percentage of supply released into the market at the time of the analysis, the rate of inflation per year, the distribution of supply in the portfolios as well as the vesting plan.

Ecosistem Development In this section is checked if the project has delivered on time what it proposed in the roadmap, the degree of participation in the project governance of the community, the activity and intensity of the developments published on github and what products or applications the team proposes to develop in the future.

Team & Developers It checks if the team is public, the quality of the team behind the project, the number of members on different domains, the experience in IT, finance and cryptography, the traceability of published information about team members and as well the number of developers in the project.

Product & Utility It checks if there are functional products, the number of users and the revenues generated by these products, the sustainability of the project and the usefulness offered in the cryptographic space and as well as in other fields of activity.

Partners & Investors It analyzes the partners and the degree of their involvement in the project, the capacity of investors and investment funds that can contribute substantially to the development of the ecosystem.

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