24h Change-2.07%
All Time HighMay 10, 2021$52.7
All Time LowNov 29, 2017$0.15
Market Cap$6.1b
Fully Diluted Valuation$8.389b
Circ. Supply727.1m LINK
Max Supply1b LINK
Outstanding FDV$6.099b
CEX Volume$214.71m
DEX Volume$111.01m
Uniswap V3 · Ethereum$42.62m
Bancor V3 · Ethereum$17.16m
Curve DEX · Ethereum$12.89m
Uniswap V3 · Arbitrum$5.79m
Uniswap V3 · Polygon$3.05m
Uniswap V2 · Ethereum$2.96m
| Q2 2026* | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $10.92M | $15.93M | $15.71M | $9.44M | $598.04K | $947.71K | $526K | $201.33K | $76.31K | $299.04K | $220.57K | $122.19K |
| Service Fees | $10.37M | $14.94M | $14.66M | $8.34M | ||||||||
Cost of Revenue | $30.67K | $353.38K | $344.34K | $121.35K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Gross Profit | $10.44M | $14.59M | $14.35M | $8.29M | $134.64K | $0 | $153.55K | $156.37K | $58.40K | $275.48K | $189.95K | $111.87K |
| Protocol Fees | $10.44M | $14.59M | $14.35M | $8.29M | ||||||||
Incentives | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Earnings | $10.44M | $14.59M | $14.35M | $8.29M | $134.64K | $0 | $153.55K | $156.37K | $58.40K | $275.48K | $189.95K | $111.87K |
Token Holder Net Income | $10.44M | $14.59M | $14.35M | $8.29M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Token Buy Back | $10.44M | $14.59M | $14.35M | $8.29M |
How much debt can be issued against LINK as collateral across lending protocols.
Maximum possible exposure to LINK
$40.92m
$10.42m (max additional borrows against LINK) + $30.5m (bad debt if LINK was hacked now)
Aave V3
$38.56m at-risk exposure = $29.15m bad debt if hacked + $9.41m additional borrowable against LINK
Compound V3
$2.3m at-risk exposure = $1.29m bad debt if hacked + $1.01m additional borrowable against LINK
Morpho V1
$124.47 at-risk exposure = $1.63 bad debt if hacked + $122.83 additional borrowable against LINK
Venus Core Pool
$60,988 at-risk exposure = $60,988 bad debt if hacked + $0 additional borrowable against LINK
Showing collateral exposure for LINK on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for LINK as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
LINK0x514910771af9ca656af840dff83e8264ecf986ca | $9.41m | $27.6m | ||
LINK0x514910771af9ca656af840dff83e8264ecf986ca | $1.01m | $1.29m | ||
LINK0x514910771af9ca656af840dff83e8264ecf986ca | $122.83 | $1.63 | ||
LINK0xf97f4df75117a78c1a5a0dbb814af92458539fb4 | $0 | $1.26m | ||
LINK0x53e0bca35ec356bd5dddfebbd1fc0fd03fabad39 | $0 | $295,218 | ||
LINK0xf8a0bf9cf54bb92f17374d9e9a321e6a111a51bd | $0 | $60,988 |
Risk-management actions published about LINK by tracked risk managers and governance contributors, newest first.
LINK shows utilization around 16-22% in USDT and USDC Comets, qualifying for a 30% buffer cap. This tightens exposure to oracle behavior risks and exploits targeting non-core collaterals.
LINK reserves from v2 above de minimis are removed for consolidation, following deprecation that eliminates need for reserve backstops.
LINK price feed is updated to Chainlink SVR for better resilience in volatile conditions, building on its successful operation during the October 10th market event.
LINK price feed is updated to Chainlink SVR using OEV for USD pricing, improving resilience to manipulation and aligning with community-approved oracle enhancements.
To accommodate wstLINK in the new e-Mode category where LINK becomes borrowable, the borrow cap is reduced from 13M to 6M based on updated risk assessments from service providers, while the base interest rate rises to 1.5% and slope2 lowers to 150% for better risk alignment.
LINK, a mid-cap governance token, has a lin_res score of 136 in OEV assessment, highlighting notable potential for liquidation value extraction based on its historical volatility and downside sensitivity.
As a whitelisted SVR feed, LINK liquidations contribute to OEV tracking, with the platform analyzing recapture rates influenced by Chainlink's oracle structure and liquidation volumes. Cumulative OEV identified stands at $87.6K across whitelisted assets, with $18.3K recaptured by the protocol.
The SVR pilot introduces a 5-block price feed delay, with historical deviations showing a 99th percentile of 1.03% for LINK. Increasing the liquidation bonus covers potential under-collateralization from these delays without altering borrowing or collateral exposure.
Under the Compound v2 deprecation plan, LINK's collateral factor is dropping to 0% to eliminate its collateral functionality and mitigate risks in the deprecated markets.
LINK supply caps in USDC and USDT Ethereum Comet markets have shown persistently low utilization below 25% for weeks, indicating limited demand. High 30-day log volatility of 77.91% and slippage analysis under risk-off scenarios justify lowering collateral factors to 73% and increasing liquidation penalties to 17% for better risk alignment.
LINK is the native ERC-20 utility token of the Chainlink network, designed to facilitate payments to decentralized oracle node operators for secure off-chain data delivery and to enable staking for network security
Governance is described as "trust-minimized" with gradual-release updates for community inspection and decentralized emergency interventions, but these are managed by the development team without holder votes
There is no formal Chainlink governance
The Chainlink Reserve accumulates LINK from offchain and onchain revenue, but no mechanism is described for LINK holders to vote on or influence reserve decisions, allocations, or use.
Node operators set their own fees based on demand, no holder rights over protocol revenue parameters or splits
Value accrues through buybacks
LINK is used for Chainlink's security and growth through staking, payments & revenue from oracle services and offchain/onchain sources converted into LINK for the strategic Chainlink Reserve to support long-term sustainability.
Portion of onchain & offchain fees go to purchasing LINK
The Chainlink Reserve accumulates LINK tokens using offchain revenue from large enterprises and from onchain service usage
No dividend or revenue distribution is currently active
No burn mechanism is currently active
An is required to view token usage.
An is required to view token liquidations.
An is required to view token unlocks.
Showing 10 of 92 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabETH-LINK0.30% | $13.25m | 46.51% | 46.51% | 20.11% | |||||
| open in new tabLINK-USDT0.3% | $548,754 | 58.17% | 58.17% | 53.32% | |||||
| open in new tabWBNB-LINK0.3% | $228,277 | 92.15% | 92.15% | 46.18% | |||||
| open in new tabUSDC-LINK0.3% | $221,851 | 56.76% | 56.76% | 24.85% | |||||
| open in new tabLINK-WETHCL - 200 | 🪂 | $103,141 | 97.33% | 0% | 97.33% | 229% | |||
| open in new tabLINK-USDT0Uniswap | $49,540 | 47.05% | 13.64% | ||||||
| open in new tabBTCB-LINK1% | $47,305 | 88.13% | 88.13% | 60.72% | |||||
| open in new tabLINK-USDCEUniswap | $21,999 | 41.90% | 20.90% | ||||||
| open in new tabWETH-LINKCamelot | 💸 | $13,111 | 58.08% | 58.08% | 58.08% | ||||
| open in new tabLINK-WETHQuickSwap | 💸 | $11,288 | 97.83% | 97.83% | 74.71% |
Showing 10 of 645 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabLINK âžž WBTC | $295.83m | 0.81% | 0.81% | 0% | 70% | $164,856 | $52,254 | ||
| open in new tabLINK âžž WBTC | $111.32m | 0.81% | 0.81% | 0% | 70% | $164,856 | $52,254 | ||
| open in new tabLINK âžž WETH | $102.08m | 0.81% | 0.81% | 0% | 70% | $164,856 | $52,254 | ||
| open in new tabLINK âžž WETH | $57.83m | 0.81% | 0.81% | 0% | 70% | $164,856 | $52,254 | ||
| open in new tabLINK âžž WSTETH | $55.12m | 0.81% | 0.81% | 0% | 70% | $164,856 | $52,254 | ||
| open in new tabLINK âžž WSTETH | $52.2m | 0.81% | 0.81% | 0% | 70% | $164,856 | $52,254 | ||
| open in new tabLINK âžž WSTETH | $44.41m | 0.81% | 0.81% | 0% | 70% | $164,856 | $52,254 | ||
| open in new tabLINK âžž SFRAX | $37.39m | 0.81% | 0.81% | 0% | 70% | $164,856 | $52,254 | ||
| open in new tabLINK âžž WEETH | $24.63m | 0.81% | 0.81% | 0% | 70% | $164,856 | $52,254 | ||
| open in new tabLINK âžž RSETH | $19.8m | 0.81% | 0.81% | 0% | 70% | $164,856 | $52,254 |
