When we talk about LINK, we are essentially discussing the valuation logic of the infrastructure of the blockchain world.
This oracle leader, which acts as a bridge for on-chain and off-chain data, is like the telecom operators of the internet era, silently supporting the operation of the entire DeFi world.
The Function feature recently launched by Chainlink is a key turning point, allowing developers to call external APIs as easily as stacking blocks. What does this mean?
It is equivalent to equipping the blockchain world with a "universal data interface". The node staking mechanism is even more ingenious; if done well, there are rewards, but if messed up, there are penalties. This approach elevates the reliability of data to a new level.
Where does the current market cap of 11.2 billion stand? To put it bluntly, it's like the gas stations supporting a highway, with valuation depending on the traffic flow of the entire road. The busier the "main road" of ETH is, the more valuable this "gas station" LINK naturally becomes. Below 5 billion is a bargain price, and above 50 billion we need to be cautious of bubbles.
The current price is like a lightly luxurious item during a discount season; it’s not a bargain but definitely worth the price. Those eager to get rich quickly may be disappointed, but for those willing to grow alongside blockchain, LINK is building long-term value as a "data middleware".
Sometimes the best investment is to buy that piece of the puzzle that the whole ecosystem cannot do without.
