Chainlink Dominates DeFi Development as Prices Dip Across the Board

Despite a market-wide price decline, Chainlink continues its dominance in DeFi development rankings. The project recently scored a top 492.87 on Santiment’s ranking, demonstrating strong investment in oracle infrastructure. However, the token price dropped by 8.99% in a week, now trading at $14.15 with a $9.29 billion market cap. This trend reflects a broader shift towards decentralized finance as projects like DeepBook Protocol and Synthetix demonstrate sustained activity despite the market downturn. Santiment’s data highlights this resilience through their on-chain development metrics.