Chainlink price is currently at $10.74, a 6.74% decrease over the last 24 hours. This drop aligns with a broader trend in the crypto market, where Bitcoin fell by about 7%, and the overall market value dropped by around $200 billion.
Trading activity for LINK surged, with a 102% increase in volume to approximately $660 million. Despite this rise, Chainlink price has remained stable, often testing the same support level without clear signs of movement up or down. This suggests market uncertainty rather than problems specific to Chainlink.
Chainlink Revenue and Reserves Continue to Build
Chainlink’s underlying fundamentals remain firm even as LINK price action weakens. The Chainlink Reserve disclosed a fresh accumulation of 99,103.22 $LINK, lifting total holdings to 1,774,215.90 LINK.
The reserve mechanism is funded by off-chain revenue from large enterprises that adopt Chainlink services, as well as on-chain revenue generated by protocol usage. For the market, this signals that Chainlink (LINK) is being accumulated through operating income rather than speculative inflows, reinforcing the network’s long-term sustainability narrative.
Revenue data further underlines that position. Token Terminal figures show Chainlink generated $5.7 million in revenue over the past 30 days, derived from CCIP transactions, payment aggregator distributions, and oracle network operations across multiple blockchains.
The revenue profile is uneven, with large periodic spikes rather than steady daily flow, and peak days reaching roughly $1.0 million to $1.2 million. That pattern points to enterprise or protocol-level settlements rather than retail-driven activity, a structure more typical of infrastructure businesses.
Within the interoperability segment, Chainlink’s dominance is pronounced. Chainlink accounts for approximately 90.3% of all measured interoperability revenue over the same period. Competing protocols lag far behind, with deBridge generating approximately $494,000.
LINK Price Stalls Near Support as Buyers Hesitate
Technical data shows that the Chainlink price continues to probe the same support area repeatedly, a dynamic highlighted by analyst Siuul of AltCryptoGems.
While support zones are typically areas where buyers step in, repeated tests have so far failed to produce a convincing break in market structure. Each bounce has been modest, and rallies have stalled before retesting prior resistance levels.
The elevated volume accompanying the latest decline suggests active participation rather than apathy, yet the LINK price has not responded with sustained upside. This mismatch keeps momentum neutral to weak in the near term.
Until Chainlink price breaks above its recent structure and establishes higher highs, traders appear inclined to wait rather than front-run a reversal. For now, the market is respecting support, but conviction remains tentative.
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