The Chainlink network provides reliable tamper-proof inputs and outputs for complex smart contracts on any blockchain.
On August 13, the Chainlink (LINK) token entered the top 4 tokens by market cap, displacing BitcoinCash (BCH) from the fifth spot.
LINK's price hit its all-time high of $126.67 on August 13, reaching a market cap of $44.5 billion.
Entry into 5 tokens by market cap caps a phenomenal run for the decentralized oracle solution project.
One of Chainlink’s competitors, Band Protocol (BAND) recently hit an all time high of $17.69, after a string of good news.
Chainlink also has the largest market cap in DeFi, according to CoinMarketCap, trouncing second place Maker (MKR) which has a market cap of $756 million.
Defi projects in general have been seeing tremendous growth, with the DeFi space consistently reaching greater locked in values.
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