HomeLearningAltcoins explainedWhat Are Chainlink's Oracles?

What Are Chainlink’s Oracles?

January 16, 2023

5

Chainlink Oracles are the most widely used oracle networks in the blockchains arena. But what is an oracle? and how it works?

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Bitcoin(BTC)
$22,977.000.610% 24H

BITCOIN

24H : 0.610%

Volume : $29,560,707,571.00

Marketcap : $442,658,307,082.00
Ethereum(ETH)
$1,574.600.740% 24H

ETHEREUM

24H : 0.740%

Volume : $8,149,477,333.00

Marketcap : $189,567,312,102.00
Tether(USDT)
$1.0000.090% 24H

TETHER

24H : 0.090%

Volume : $39,635,526,071.00

Marketcap : $67,500,795,560.00
USD Coin(USDC)
$1.0000.080% 24H

USD COIN

24H : 0.080%

Volume : $3,106,866,484.00

Marketcap : $43,064,758,777.00
BNB(BNB)
$305.311.11% 24H

BNB

24H : 1.11%

Volume : $643,957,331.00

Marketcap : $41,150,560,744.00
XRP(XRP)
$0.4101.10% 24H

XRP

24H : 1.10%

Volume : $732,459,132.00

Marketcap : $20,802,192,817.00
Binance USD(BUSD)
$1.0000.180% 24H

BINANCE USD

24H : 0.180%

Volume : $9,239,062,583.00

Marketcap : $15,813,464,094.00
Cardano(ADA)
$0.3821.99% 24H

CARDANO

24H : 1.99%

Volume : $455,640,308.00

Marketcap : $13,356,047,767.00
Dogecoin(DOGE)
$0.0893.99% 24H

DOGECOIN

24H : 3.99%

Volume : $954,077,673.00

Marketcap : $12,175,811,773.00
Polygon(MATIC)
$1.101.22% 24H

POLYGON

24H : 1.22%

Volume : $876,296,727.00

Marketcap : $9,915,351,467.00
OKB(OKB)
$38.257.72% 24H

OKB

24H : 7.72%

Volume : $33,982,987.00

Marketcap : $9,417,639,861.00
Solana(SOL)
$24.012.02% 24H

SOLANA

24H : 2.02%

Volume : $702,250,583.00

Marketcap : $8,895,183,077.00
Lido Staked Ether(STETH)
$1,571.240.440% 24H

LIDO STAKED ETHER

24H : 0.440%

Volume : $59,482,753.00

Marketcap : $7,853,533,289.00
Polkadot(DOT)
$6.400.860% 24H

POLKADOT

24H : 0.860%

Volume : $272,038,765.00

Marketcap : $7,647,991,335.00
Shiba Inu(SHIB)
$0.0000123.26% 24H

SHIBA INU

24H : 3.26%

Volume : $390,342,153.00

Marketcap : $6,963,271,492.00
Avalanche(AVAX)
$20.3114.20% 24H

AVALANCHE

24H : 14.20%

Volume : $861,145,039.00

Marketcap : $6,387,267,621.00
Litecoin(LTC)
$87.550.970% 24H

LITECOIN

24H : 0.970%

Volume : $458,834,038.00

Marketcap : $6,307,404,364.00
TRON(TRX)
$0.0620.130% 24H

TRON

24H : 0.130%

Volume : $314,930,078.00

Marketcap : $5,724,472,225.00
Dai(DAI)
$0.9990.090% 24H

DAI

24H : 0.090%

Volume : $162,342,287.00

Marketcap : $5,131,298,665.00
Uniswap(UNI)
$6.660.850% 24H

UNISWAP

24H : 0.850%

Volume : $104,976,447.00

Marketcap : $5,003,243,378.00
Wrapped Bitcoin(WBTC)
$22,935.000.510% 24H

WRAPPED BITCOIN

24H : 0.510%

Volume : $122,877,063.00

Marketcap : $4,048,700,297.00
Cosmos Hub(ATOM)
$13.222.45% 24H

COSMOS HUB

24H : 2.45%

Volume : $228,797,411.00

Marketcap : $3,859,106,202.00
Toncoin(TON)
$2.512.69% 24H

TONCOIN

24H : 2.69%

Volume : $42,735,583.00

Marketcap : $3,676,106,588.00
Chainlink(LINK)
$7.221.42% 24H

CHAINLINK

24H : 1.42%

Volume : $351,810,136.00

Marketcap : $3,540,452,389.00
LEO Token(LEO)
$3.72-3.45% 24H

LEO TOKEN

24H : -3.45%

Volume : $951,401.00

Marketcap : $3,470,951,620.00
Monero(XMR)
$181.125.12% 24H

MONERO

24H : 5.12%

Volume : $145,203,660.00

Marketcap : $3,272,363,393.00
Ethereum Classic(ETC)
$21.680.940% 24H

ETHEREUM CLASSIC

24H : 0.940%

Volume : $130,557,748.00

Marketcap : $3,005,712,635.00
Aptos(APT)
$17.05-2.86% 24H

APTOS

24H : -2.86%

Volume : $645,746,702.00

Marketcap : $2,739,231,093.00
Bitcoin Cash(BCH)
$132.41-1.34% 24H

BITCOIN CASH

24H : -1.34%

Volume : $177,976,651.00

Marketcap : $2,553,258,935.00
Stellar(XLM)
$0.0921.98% 24H

STELLAR

24H : 1.98%

Volume : $57,419,660.00

Marketcap : $2,422,756,539.00
ApeCoin(APE)
$6.17-0.73% 24H

APECOIN

24H : -0.73%

Volume : $230,728,374.00

Marketcap : $2,279,129,460.00
Quant(QNT)
$148.600.730% 24H

QUANT

24H : 0.730%

Volume : $30,607,091.00

Marketcap : $2,158,062,233.00
NEAR Protocol(NEAR)
$2.503.53% 24H

NEAR PROTOCOL

24H : 3.53%

Volume : $249,048,898.00

Marketcap : $2,110,381,038.00
Cronos(CRO)
$0.0811.46% 24H

CRONOS

24H : 1.46%

Volume : $19,957,321.00

Marketcap : $2,043,495,444.00
Filecoin(FIL)
$5.261.43% 24H

FILECOIN

24H : 1.43%

Volume : $192,736,501.00

Marketcap : $1,960,505,434.00
Lido DAO(LDO)
$2.260.110% 24H

LIDO DAO

24H : 0.110%

Volume : $129,973,830.00

Marketcap : $1,891,329,723.00
Algorand(ALGO)
$0.2532.87% 24H

ALGORAND

24H : 2.87%

Volume : $116,747,204.00

Marketcap : $1,813,160,041.00
VeChain(VET)
$0.0240.930% 24H

VECHAIN

24H : 0.930%

Volume : $74,011,037.00

Marketcap : $1,736,003,546.00
Hedera(HBAR)
$0.0681.11% 24H

HEDERA

24H : 1.11%

Volume : $36,593,614.00

Marketcap : $1,716,620,292.00
Internet Computer(ICP)
$5.890.530% 24H

INTERNET COMPUTER

24H : 0.530%

Volume : $59,351,118.00

Marketcap : $1,663,821,545.00
Axie Infinity(AXS)
$11.452.43% 24H

AXIE INFINITY

24H : 2.43%

Volume : $186,152,640.00

Marketcap : $1,307,959,140.00
Decentraland(MANA)
$0.6895.28% 24H

DECENTRALAND

24H : 5.28%

Volume : $200,852,843.00

Marketcap : $1,249,340,611.00
Aave(AAVE)
$84.85-1.64% 24H

AAVE

24H : -1.64%

Volume : $116,472,721.00

Marketcap : $1,204,243,360.00
EOS(EOS)
$1.08-1.94% 24H

EOS

24H : -1.94%

Volume : $98,201,427.00

Marketcap : $1,177,874,275.00
The Sandbox(SAND)
$0.7312.23% 24H

THE SANDBOX

24H : 2.23%

Volume : $174,794,234.00

Marketcap : $1,156,821,756.00
Fantom(FTM)
$0.451-1.83% 24H

FANTOM

24H : -1.83%

Volume : $355,309,762.00

Marketcap : $1,140,089,190.00
MultiversX(EGLD)
$44.393.08% 24H

MULTIVERSX

24H : 3.08%

Volume : $34,117,545.00

Marketcap : $1,094,976,517.00
Flow(FLOW)
$1.06-1.37% 24H

FLOW

24H : -1.37%

Volume : $74,506,028.00

Marketcap : $1,091,202,288.00
Theta Network(THETA)
$1.08-0.90% 24H

THETA NETWORK

24H : -0.90%

Volume : $36,113,172.00

Marketcap : $1,076,320,041.00
Terra Luna Classic(LUNC)
$0.000183.94% 24H

TERRA LUNA CLASSIC

24H : 3.94%

Volume : $100,107,911.00

Marketcap : $1,049,654,020.00
Frax(FRAX)
$0.9990.400% 24H

FRAX

24H : 0.400%

Volume : $16,909,104.00

Marketcap : $1,018,047,893.00
Tezos(XTZ)
$1.100.670% 24H

TEZOS

24H : 0.670%

Volume : $32,983,871.00

Marketcap : $1,006,966,562.00
TrueUSD(TUSD)
$1.000.190% 24H

TRUEUSD

24H : 0.190%

Volume : $48,254,232.00

Marketcap : $944,769,550.00
Pax Dollar(USDP)
$0.995-0.02% 24H

PAX DOLLAR

24H : -0.02%

Volume : $2,546,728.00

Marketcap : $917,496,929.00
Bitcoin SV(BSV)
$43.450.080% 24H

BITCOIN SV

24H : 0.080%

Volume : $28,186,422.00

Marketcap : $836,155,769.00
Huobi(HT)
$5.091.41% 24H

HUOBI

24H : 1.41%

Volume : $8,298,770.00

Marketcap : $825,604,288.00
The Graph(GRT)
$0.0940.740% 24H

THE GRAPH

24H : 0.740%

Volume : $52,655,850.00

Marketcap : $823,245,470.00
Frax Share(FXS)
$10.768.48% 24H

FRAX SHARE

24H : 8.48%

Volume : $48,885,220.00

Marketcap : $787,934,069.00
KuCoin(KCS)
$7.952.84% 24H

KUCOIN

24H : 2.84%

Volume : $1,079,879.00

Marketcap : $773,799,926.00
Curve DAO(CRV)
$1.054.47% 24H

CURVE DAO

24H : 4.47%

Volume : $138,013,321.00

Marketcap : $760,962,665.00
Synthetix Network(SNX)
$2.44-1.35% 24H

SYNTHETIX NETWORK

24H : -1.35%

Volume : $31,871,231.00

Marketcap : $760,502,852.00
Rocket Pool(RPL)
$38.790.940% 24H

ROCKET POOL

24H : 0.940%

Volume : $9,801,410.00

Marketcap : $740,997,816.00
Chiliz(CHZ)
$0.1382.62% 24H

CHILIZ

24H : 2.62%

Volume : $132,598,288.00

Marketcap : $734,499,789.00
eCash(XEC)
$0.000038-3.97% 24H

ECASH

24H : -3.97%

Volume : $29,773,365.00

Marketcap : $730,976,476.00
USDD(USDD)
$0.9890.170% 24H

USDD

24H : 0.170%

Volume : $26,824,144.00

Marketcap : $717,250,220.00
Trust Wallet(TWT)
$1.7113.43% 24H

TRUST WALLET

24H : 13.43%

Volume : $222,412,935.00

Marketcap : $709,508,862.00
BitTorrent(BTT)
$0.000001000.200% 24H

BITTORRENT

24H : 0.200%

Volume : $10,342,016.00

Marketcap : $693,885,391.00
PancakeSwap(CAKE)
$3.960.870% 24H

PANCAKESWAP

24H : 0.870%

Volume : $49,455,799.00

Marketcap : $675,766,690.00
BitDAO(BIT)
$0.5790.700% 24H

BITDAO

24H : 0.700%

Volume : $12,187,473.00

Marketcap : $674,199,969.00
Klaytn(KLAY)
$0.2150.330% 24H

KLAYTN

24H : 0.330%

Volume : $30,667,349.00

Marketcap : $662,345,846.00
IOTA(MIOTA)
$0.235-1.83% 24H

IOTA

24H : -1.83%

Volume : $19,426,595.00

Marketcap : $652,355,992.00
Gate(GT)
$4.181.71% 24H

GATE

24H : 1.71%

Volume : $494,426.00

Marketcap : $607,642,482.00
Maker(MKR)
$657.801.94% 24H

MAKER

24H : 1.94%

Volume : $18,276,149.00

Marketcap : $592,240,741.00
cUSDC(CUSDC)
$0.023-0.03% 24H

CUSDC

24H : -0.03%

Volume : $110.30

Marketcap : $591,718,558.00
Zcash(ZEC)
$45.00-0.81% 24H

ZCASH

24H : -0.81%

Volume : $49,503,974.00

Marketcap : $583,308,343.00
NEO(NEO)
$8.160.330% 24H

NEO

24H : 0.330%

Volume : $23,719,146.00

Marketcap : $573,907,274.00
Gemini Dollar(GUSD)
$1.0000.270% 24H

GEMINI DOLLAR

24H : 0.270%

Volume : $417,049.00

Marketcap : $572,954,931.00
Dash(DASH)
$50.450.390% 24H

DASH

24H : 0.390%

Volume : $79,114,492.00

Marketcap : $560,354,345.00
BTSE Token(BTSE)
$3.464.98% 24H

BTSE TOKEN

24H : 4.98%

Volume : $308,674.00

Marketcap : $560,306,965.00
THORChain(RUNE)
$1.853.88% 24H

THORCHAIN

24H : 3.88%

Volume : $123,889,947.00

Marketcap : $555,534,397.00
OKC(OKT)
$30.855.04% 24H

OKC

24H : 5.04%

Volume : $4,501,025.00

Marketcap : $549,412,835.00
cDAI(CDAI)
$0.022-0.02% 24H

CDAI

24H : -0.02%

Volume : $508.97

Marketcap : $547,342,307.00
Tokenize Xchange(TKX)
$6.600.840% 24H

TOKENIZE XCHANGE

24H : 0.840%

Volume : $9,111,840.00

Marketcap : $527,561,980.00
Mina Protocol(MINA)
$0.638-0.65% 24H

MINA PROTOCOL

24H : -0.65%

Volume : $32,186,143.00

Marketcap : $521,791,383.00
ImmutableX(IMX)
$0.6530.420% 24H

IMMUTABLEX

24H : 0.420%

Volume : $19,795,519.00

Marketcap : $517,964,747.00
PAX Gold(PAXG)
$1,920.290.110% 24H

PAX GOLD

24H : 0.110%

Volume : $7,103,242.00

Marketcap : $515,738,436.00
Osmosis(OSMO)
$0.9693.09% 24H

OSMOSIS

24H : 3.09%

Volume : $20,879,031.00

Marketcap : $504,278,795.00
Arweave(AR)
$10.011.79% 24H

ARWEAVE

24H : 1.79%

Volume : $32,232,087.00

Marketcap : $500,187,520.00
Radix(XRD)
$0.04712.05% 24H

RADIX

24H : 12.05%

Volume : $563,970.00

Marketcap : $477,287,082.00
Zilliqa(ZIL)
$0.0295.11% 24H

ZILLIQA

24H : 5.11%

Volume : $154,990,416.00

Marketcap : $472,183,473.00
NEXO(NEXO)
$0.8422.38% 24H

NEXO

24H : 2.38%

Volume : $6,581,031.00

Marketcap : $470,110,785.00
Tether Gold(XAUT)
$1,892.500.530% 24H

TETHER GOLD

24H : 0.530%

Volume : $859,196.00

Marketcap : $464,961,969.00
cETH(CETH)
$31.610.140% 24H

CETH

24H : 0.140%

Volume : $1,042.79

Marketcap : $457,620,835.00
Optimism(OP)
$2.140.450% 24H

OPTIMISM

24H : 0.450%

Volume : $338,942,594.00

Marketcap : $456,741,577.00
GMX(GMX)
$54.087.21% 24H

GMX

24H : 7.21%

Volume : $38,896,901.00

Marketcap : $454,857,334.00
Enjin Coin(ENJ)
$0.45611.76% 24H

ENJIN COIN

24H : 11.76%

Volume : $200,078,825.00

Marketcap : $454,749,124.00
Terra(LUNA)
$2.143.62% 24H

TERRA

24H : 3.62%

Volume : $56,809,655.00

Marketcap : $439,976,144.00
Flare(FLR)
$0.0395.82% 24H

FLARE

24H : 5.82%

Volume : $15,791,472.00

Marketcap : $428,319,426.00
Convex Finance(CVX)
$5.7412.37% 24H

CONVEX FINANCE

24H : 12.37%

Volume : $13,054,095.00

Marketcap : $423,785,649.00
GALA(GALA)
$0.05617.36% 24H

GALA

24H : 17.36%

Volume : $958,952,595.00

Marketcap : $419,441,910.00