Chainlink

Chainlink

Provides Web3 services for smart contracts

About Chainlink

Simplify's Rating
Why Chainlink is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Data & Analytics

Crypto & Web3

Company Size

1-10

Company Stage

ICO

Total Funding

$32M

Headquarters

Cayman Islands

Founded

2014

Overview

Chainlink Labs provides Web3 services that enable secure and reliable transactions across various sectors such as decentralized finance (DeFi), insurance, gaming, and non-fungible tokens (NFTs). The company enhances smart contracts by connecting them with real-world data sources and performing off-chain computations, allowing businesses to interact seamlessly with different blockchains. Chainlink Labs works with major companies like AWS and Google, as well as development teams like Aave and Compound, to deliver industry-standard solutions. Their revenue comes from partnerships and the deployment of their Web3 services platform. The goal of Chainlink Labs is to create a world that operates on accurate and trustworthy data.

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Simplify's Take

What believers are saying

  • Chainlink's integration with Soneium Mainnet boosts its presence in Ethereum Layer-2.
  • Partnership with Ripple enhances Chainlink's reputation in stablecoin pricing data.
  • Collaboration with BTguru expands Chainlink's market reach in Turkey.

What critics are saying

  • Competition from Band Protocol and API3 threatens Chainlink's market position.
  • Over-reliance on major partnerships could risk Chainlink's stability.
  • Regulatory changes may impose new compliance costs on Chainlink's operations.

What makes Chainlink unique

  • Chainlink integrates real-world data with smart contracts, enhancing blockchain utility.
  • Partnerships with AWS, Google, and T-Systems boost Chainlink's enterprise credibility.
  • Chainlink's Cross-Chain Interoperability Protocol (CCIP) enables seamless cross-blockchain transactions.

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Funding

Total Funding

$32M

Above

Industry Average

Funded Over

0 Rounds

Company News

PR Newswire
Feb 11th, 2025
Chainlink Ccip, Data Streams, And Data Feeds Are Now Live On Soneium Mainnet

Developers on Soneium can now build feature-rich applications and drive onchain innovationSAN FRANCISCO, Feb. 11, 2025 /PRNewswire/ -- Chainlink, the standard for onchain finance, and Sony Block Solutions Labs—an initiative behind the next-generation Ethereum Layer-2 blockchain Soneium—announced today that Chainlink CCIP, Chainlink Data Streams and Data Feeds are now live on Soneium Mainnet, empowering Soneium's developer ecosystem to build feature-rich applications and drive onchain innovation. Chainlink's Cross-Chain Interoperability Protocol (CCIP) has now been integrated as Soneium's canonical cross-chain infrastructure

FF News
Feb 10th, 2025
Aave’S Gho Stablecoin Now Live On Base, Expanding Access And Use Cases

Following open discussion and a successful Aave community vote, GHO, the decentralized, overcollateralized stablecoin native to the Aave protocol, is now available on Base, the secure, low-cost, builder-friendly Ethereum Layer-2 network incubating at Coinbase. Users can now supply liquidity, bridge, and borrow GHO on Base. This launch, along with GHO’s earlier successful launches on Ethereum Mainnet and Arbitrum, validates Aave’s cross-chain expansion strategy powered by Chainlink, demonstrating GHO’s seamless operation across networks. Expanding GHO’s availability increases accessibility, fostering wider adoption and new use cases. Aave is the leading DeFi protocol across multiple networks, including Base (home to over 440,000 Aave users and $770M in net deposits). GHO has the opportunity to mirror Aave’s success within Base and other ecosystems.GHO’s expansion to Base builds on the GHO Cross-Chain Architecture adopted by Aave Governance

CryptoSlate
Feb 2nd, 2025
Defi In 2025 Promises Smart Accounts And Ai-Driven Trading Evolution

The following is a guest post by Lukas Schor, Co-Founder of Safe.2024 has been a pivotal year for DeFi. Practical applications for smart accounts are already in use. Major infrastructure milestones like chain abstraction, along with positive market sentiment and consistent growth, will enable a return to fundamentals in the coming year. This means products that bring real value to users that truly revolutionize the digital world. Here are some of the developments to expect in 2025:1. At least 20% of Ethereum users will rely on EIP-7702-enabled smart accountsIn just the first quarter of 2024, private key compromises cost the industry over $239 million in losses

Coin Journal
Jan 14th, 2025
BTguru partners with Chainlink to enhance tokenization in Turkey

Chainlink has joined forces with BTguru, Turkey-based virtual and crypto assets firm.

FF News
Jan 9th, 2025
Ripple Adopts The Chainlink Standard To Further Ripple Usd (Rlusd) Utility And Access In Defi

Ripple is now leveraging the Chainlink standard to bring high-quality pricing data around the Ripple USD (RLUSD) stablecoin onchain. RLUSD is an enterprise-grade, USD-denominated stablecoin created with trust, utility, and compliance at its core, backed by Ripple’s years of experience working with crypto and the existing financial system. By adopting the Chainlink standard for verifiable data on the Ethereum blockchain, Ripple is enhancing the utility of RLUSD across the onchain economy.Chainlink Price Feeds are now live providing a secure, reliable source of RLUSD pricing data on Ethereum mainnet, enabling developers to integrate support for RLUSD into their DeFi applications for use cases such as trading, lending, and more.With the Chainlink standard, Ripple is able to provide the RLUSD ecosystem access to high-quality offchain data through Chainlink’s battle-tested infrastructure, which has enabled over $18 trillion in transaction value and is trusted by the world’s largest financial institutions.The Stablecoin OpportunityStablecoins present a significant opportunity to redefine the way businesses and consumers engage in financial transactions by enabling low cost, instant settlement of local and cross-border payment transactions. To accelerate the adoption of stablecoin-based payment, Ripple recently launched RLUSD, designed to maintain value 1:1 to the US dollar (USD).Issued on the XRP Ledger (XRPL) and Ethereum blockchains, RLUSD is natively composable with smart contract applications such as those seen in DeFi. However, to support RLUSD as an asset, many DeFi applications first require a high-quality, reliable source of price data to manage risks.The Chainlink standard provides a unified solution to overcome these hurdles and provide the data required to accelerate RLUSD’s adoption within DeFi and fully realize the stablecoin opportunity.Enabling Secure Onchain Markets With Chainlink Price FeedsTo enable secure onchain markets around RLUSD, DeFi applications need access to fresh asset prices that are supplied directly onchain in a highly reliable and tamper-proof manner. Fair market asset prices should reflect a volume-weighted average from all trading environments, both onchain and offchain, with a decentralized oracle network infrastructure to fetch, aggregate, and deliver financial market data onto the Ethereum blockchain.After reviewing various oracle solutions, Ripple chose Chainlink Price Feeds because they provide a multitude of critical features such as:High-Quality Data — Chainlink Price Feeds source data from numerous premium data aggregators, leading to price data that’s aggregated from hundreds of exchanges, weighted by volume, and cleaned of outliers and wash trading

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