What is Chainlink?
Chainlink is the leading decentralized oracle network, providing reliable external data to smart contracts on virtually every major blockchain. Launched in 2017, Chainlink solves a fundamental challenge in blockchain technology: smart contracts cannot natively access off-chain data like prices, weather, or event outcomes.
Chainlink’s oracle network connects thousands of data providers to blockchains, enabling DeFi protocols to access accurate price feeds, random number generation, and cross-chain communication. The LINK token is used to compensate node operators who provide and validate data.
With integrations across hundreds of protocols and multiple blockchains, Chainlink has become essential infrastructure for the DeFi ecosystem. Its Cross-Chain Interoperability Protocol (CCIP) is expanding its role as a bridge between different blockchain networks.
Coming Soon to Vela
Chainlink is on Vela’s asset expansion roadmap. When LINK support launches, you will receive 24/7 monitoring and clear trading signals with the same data-driven approach Vela applies to all its assets.
Get Started with Supported Assets
While LINK support is in development, start getting AI-powered trading signals for Bitcoin, Ethereum, Solana, and HYPE today.