Key Insights:
- Chainlink (LINK) price in focus as it tops the latest Santiment ranking for active DeFi development.
- New tokenized stock tools on Solana use Chainlink pricing.
- Chainlink secures most oracle value, holding a strong lead in the sector.
Chainlink (LINK) price is in the limelight as it is leading new DeFi development activity. Several data points show rising work across major blockchain projects.
The shift comes while the wider crypto market begins to show early signs of recovery and developers expand new use cases on Solana and other networks.
Chainlink Leads Santiment’s New DeFi Development Ranking
It is worth noting that the latest Santiment ranking placed Chainlink (LINK) at the top of active DeFi development.
The list reviewed real development events from GitHub and removed low-value actions, which gives a clearer picture of actual work.
Chainlink holds the first position on the chart. DeepBook and DeFiChain follow next. FOX, Lido DAO, Babylon, Injective, Curve, and Osmosis also appeared in the top group.
In a medium article, Santiment explained that development activity helps show how much attention each ecosystem receives from its builders.
The ranking covered developers who write code, update features, and keep systems stable.
This focus is important because users often look at active development to understand which projects might remain strong over time.
The ranking also highlights the range of teams still building even during market swings.
Still, work continues across different chains. Each project shows a mix of steady progress and industry-specific changes.
Chainlink remains one of the most active projects in the space, which reflects its wider role across many networks.
The chart shared in the ranking shows Chainlink with a comfortable lead in development activity over the past 30 days.
Other projects move up or down in smaller steps, but the overall picture points to consistent work across several DeFi platforms.
Chainlink Supports Growth of Tokenized Stocks on Solana
A separate update shows new progress around tokenized stocks on Solana.
The xStocks platform introduced stock and ETF exposure onchain, which removes the need for users to leave the network to get exposure to traditional markets.
Kamino now provides trading access to these assets. The platform offers assets such as METAx, GOOGLx, TSLAx, and NVDAx.
Notably, Kamino relies on pricing data built with Chainlink (LINK). The pricing model uses data from multiple United States equity exchanges.
Also, this design avoids dependence on onchain liquidity and reduces manipulation risk.
Market-status signals and staleness alerts help show when data is fresh and when markets are open or closed.
The xStocks market on Kamino has grown to almost $5 million in size and has more than 270 users.
These assets can serve as collateral for lending. Users can also loop positions to increase exposure.
The system creates a simpler way to move between different asset types inside Solana, which supports a broad trading workflow.
Kamino states that the aim is to allow users to access many asset classes in one place. The introduction of tokenized stocks is part of that plan.
Chainlink’s role in pricing helps support this structure and shows how data services link traditional markets with blockchain tools.
Chainlink Oracle Dominance and Market Direction
Meanwhile, Chainlink (LINK) now holds about 62% of the oracle sector when measured by secured value.
The total value secured sits at about $80.5 billion. Chronicle is the next largest with 11% and about $8.8 billion secured. The gap shows how widely Chainlink feeds are used.
Oracle services provide data that supports lending, trading, and many automated systems.
The current level of dominance suggests that Chainlink continues to supply most major platforms that rely on external data.
Recent movement across the market points to early signs of renewed activity.
As of writing, the price of Chainlink was changing hands at $13.36, up by 3.47% in the past 24 hours.
It is worth adding that development work, new integrations, and rising on-chain use cases may support future growth.
Chainlink (LINK) appears in several parts of these updates. The project leads development rankings, powers pricing for tokenized stocks, and holds most of the oracle market.
These points show how the network continues to play a central role while the market begins to recover.