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Chainlink (LINK) is a decentralized oracle network launched in 2017 by Sergey Nazarov and Steve Ellis. It enables smart contracts on blockchains to securely interact with real-world data, events, and payment systems. Chainlink's native token, LINK, is an ERC-677 token used to compensate node operators for providing accurate data and to incentivize honest behavior within the network. The project has integrated with over 2,000 projects across various sectors, including DeFi, gaming, and insurance. As of May 2025, LINK is trading around $17.31, with a market capitalization of approximately $11.37 billion.