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Buy Chainlink (LINK)

AUD 12.20

+2.90% past 24 hours

Global Rank

#18

Market Cap (USD)

USD 6.34B

24H Volume (USD)

USD 238.19M

24H Change

+2.90%

24H Price History

Buyers 80.4%

  • Deposit Enabled

  • Withdrawals Enabled

About Chainlink (LINK)

Chainlink is designed to address a specific problem that most people outside the blockchain industry have never heard of: the oracle problem. Smart contracts on blockchains like Ethereum can execute complex logic, but they cannot natively access data from the 'real world'. These lines of code cannot check a stock price, verify a weather reading, or confirm that a payment was made in the traditional banking system. Chainlink provides the infrastructure that connects these smart contracts to real-world data, APIs, and off-chain computation.

Launched in 2017 by Sergey Nazarov and Steve Ellis, Chainlink has become a prominent decentralised oracle solution, securing data feeds used by hundreds of DeFi protocols across multiple blockchain networks. The current LINK/AUD exchange rate is displayed live on this page. In Australia, individuals can purchase Chainlink using AUD through PayID transfers on AUSTRAC-registered platforms like Swyftx. 

How Chainlink works 

Chainlink operates as a network of independent node operators who are paid in LINK tokens to retrieve, validate, and deliver data to smart contracts. When a DeFi protocol needs the current price of ETH/USD to execute a liquidation or calculate a loan-to-value ratio, it queries a Chainlink price feed. Multiple independent nodes fetch the data from different sources, aggregate it, and deliver a single verified answer to the smart contract. 

This is not a niche function. A significant portion of total value locked across DeFi depends on Chainlink price feeds to operate correctly. If those feeds failed or were compromised, the cascading effect on lending, trading, and derivatives protocols would likely be substantial. 

More recently, Chainlink launched the Cross-Chain Interoperability Protocol (CCIP), which extends its role from data delivery into secure cross-chain messaging and token transfers across blockchain networks. 

What drives LINK's price?

DeFi integration depth

Chainlink's value is linked to the number of protocols that rely on its oracle feeds and how much value those protocols secure. Growth in DeFi total value locked (TVL), new protocol integrations, and the expansion of CCIP usage can all potentially impact demand for LINK. 

Supply structure

LINK has a fixed maximum supply of 1 billion tokens. Distribution includes node operator rewards, ecosystem grants, and a team vesting schedule. The rate of new circulating supply depends on usage patterns and scheduled releases. 

Macro environment

As a globally traded asset, LINK is sensitive to DeFi sector sentiment, broader cryptocurrency market movements, and macroeconomic conditions that affect risk appetite for infrastructure-layer assets.

Want to learn more about Chainlink and other altcoins? Head to our guide to our deep dive on Chainlink, available on Swyftx Learn.

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Frequently asked questions

The best place to buy Chainlink is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Chainlink and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be one of Australia's highest-rated crypto exchanges as per our TrustPilot reviews.

The price of Chainlink is determined by the forces of supply and demand in the market. Similar to other assets, the price of Chainlink is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Chainlink are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Yes, you can buy Chainlink and other listed cryptocurrencies directly with a credit or debit card on Swyftx using our Quick Buy menu. The card feature is facilitated by our third-party provider, Stripe, and may incur additional fees.

‘Swyftx’ is a brand of Swyftx Pty Ltd (ABN 72 623 556 730, AFSL 568543). Swyftx’s spot cryptocurrency exchange services are not provided under Swyftx’s AFSL and are not issued, arranged, distributed or authorised by Eightcap Pty Ltd (ABN 73 139 495 944, AFSL 391441) (Eightcap), Web3 Loans Pty Ltd (ABN 48 668 516 952) or Web3 Ventures Pty Ltd trading as Block Earner (ABN 63 655 090 869, ACL 551024) (Block Earner). Derivative products are issued by Eightcap and distributed by Swyftx. Credit products are provided by Block Earner. Swyftx is an authorised credit representative of Block Earner (Credit Representative No 579667). 

The information on this website is general in nature and does not consider your objectives, financial situation or needs. You should consider whether this is suitable for you and your personal circumstances. Any statistics, price references, graphics or information on this page related to the performance of any asset, market or trading account are not indicative of current performance and should not be relied upon when making a decision to invest. This website is not targeted at the public, nor residents, of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful. Digital assets are volatile and carry high levels of risk, you may lose some or all of your investment. Derivative products are highly speculative and carry significant risk. Credit products are subject to lending criteria. Before making any decision about whether to acquire a product, you should read the applicable Terms of Service and, where relevant, the PDS, FSG, Credit Guide and TMD available on Swyftx’s website, as well as the respective product issuer’s website (if applicable).