Chainlink Breaks DeFi Records, Price Consolidates Near Key Resistance

Chainlink (LINK) remains at the forefront of decentralized finance (DeFi) development, according to the latest Santiment rankings. Its dominance in the sector is evident, with LINK securing the top spot and maintaining its lead as other mid-tier DeFi projects experience growth. Developer activity surged recently, pushing LINK’s score to 491.67, surpassing DeepBook Protocol (DEEP) and DeFiChain (DFI). The token has shown a degree of volatility, but analysts are closely watching the price around $23 for a potential breakout. 7% drop in the past 24 hours indicates strong market participation, although LINK is currently consolidating within a descending channel.