Blockchain Data Provider Chainlink Launches Staking of Its Native Token LINK

The Chainlink network has enabled more than $6.6 trillion in transaction value this year, Nazarov said. Staking is setting the foundation for what the company calls Economics 2.0, its vision for the protocol to scale and become more efficient by providing the right incentives, Nazarov said, something which is necessary as the network continues to expand.