Chainlink is the largest provider of decentralized oracles in the crypto industry. The technology is particularly in demand in the field of decentralized finance. Oracles are also used by large companies that are not related to the blockchain. LINK is a native Chainlink token. It is used mainly to pay for the work of node operators, on the basis of which oracles work.

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Chainlink

The collaboration we're seeing across DeFi extends all the way down to the code. It's one of many forces driving #DeFi adoption:

• Open-source software
• Permissionless composability
• Off-chain connectivity
• Cross-chain liquidity
• Demand for cryptographic proof