Thermocap
Chainlink
Thermocap is the cumulative total of all the money ever paid to LINK stake pool operators, valued in USD at the time each block was produced.
Why it matters
It measures the aggregate security spend and real capital committed to the network since inception.
How it is built
Every staking reward plus fees is valued at the USD price on its block-production day and summed cumulatively into a monotonically rising total.
What to watch
As a floor-like measure of embedded cost, Thermocap underpins valuation ratios (e.g. price-to-Thermocap) used to judge whether LINK is cheap or expensive relative to its security investment.
Measured on this chain
Thermocap on Chainlink last read 0 on Aug 23, 2026, ranging from 0 (Jun 15, 2024) to 0 (Jun 15, 2024).
- Latest reading
- 0
- Aug 23, 2026
- Range
- Low 0·Jun 15, 2024
- High 0·Jun 15, 2024
- Coverage
- Jun 15, 2024 — Aug 23, 2026
- 800 readings
| Date | Value |
|---|---|
| Aug 12, 2026 | 0 |
| Aug 13, 2026 | 0 |
| Aug 14, 2026 | 0 |
| Aug 15, 2026 | 0 |
| Aug 16, 2026 | 0 |
| Aug 17, 2026 | 0 |
| Aug 18, 2026 | 0 |
| Aug 19, 2026 | 0 |
| Aug 20, 2026 | 0 |
| Aug 21, 2026 | 0 |
| Aug 22, 2026 | 0 |
| Aug 23, 2026 | 0 |
Read from our own stored series, not quoted from a page.