Founded in 2017, Chainlink is a decentralized oracle network that connects blockchain platforms to external data sources such as price feeds, weather updates, sports results, and payment systems. This enables smart contracts to securely access off-chain information and interact with real-world events in a trustless manner.
With a 2.41% increase in the last 24 hours and at the time of writing, LINK is among the top-performing assets of the day.
The recent rise in LINK’s price may have been driven by news of a major partnership with Mastercard, which will allow users to purchase crypto assets directly with fiat currency via on-chain transactions. As a leading provider of oracle and blockchain integration services, Chainlink is expected to play a key role in this system, which will be supported by platforms such as Swapper Finance, Shift4 Payments, Uniswap, and Zerohash. LINK is currently trading around $13.26.
