Chainlink secures over 70% of DeFi oracle integrations, solidifying its role as the core infrastructure for decentralized data.
LINK forms a multi-year symmetrical triangle as price compresses below key MAs, with volatility expected by mid-July 2025.
LINK market cap rebounds from $8.40B to $8.70B in 24 hours, forming a bullish W-bottom amid quiet smart money accumulation.
Chainlink (LINK) has secured over 70% of the total decentralized oracle market, according to data from DeFiLlama. This dominance positions LINK as the foundational layer for DeFi infrastructure, even as its price action coils within a multi-year technical pattern signaling potential volatility ahead.
Chainlink Commands Over 70% of Oracle Market Share
Chainlink’s grip on the oracle sector appears unshakable. In a post by CryptoED citing DeFiLlama, Chainlink was shown to secure 70.26% of all active DeFi oracle integrations, making it the primary source for on-chain data validation. Others, such as Pyth Network (7.32%), Chronicle (6.86%), and RedStone (6.59%), are far behind.
https://twitter.com/Crypto_ED7/status/1933968973974135125
The high percentage is an indicator of strong developer affinity for Chainlink's interoperability, flexibility, and stability. Even specialized participants such as Switchboard (2.74%) and a combined 6.23% of other oracles indicate fragmentation and niche adoption, but none come close to that of Chainlink.
This leadership provides LINK with a structural advantage in the long run in multi-chain ecosystems since its data feeds underpin lending platforms, derivatives, prediction markets, and insurance protocols. As Web3 infrastructure expands, Chainlink's role of providing trust and accuracy becomes more pivotal.
LINK Technicals Form Symmetrical Triangle Amid Accumulation
Despite its dominance in fundamentals, LINK’s market activity signals a consolidating trend. According to the weekly LINK chart on BingX, the asset trades at $13.16, having recorded a 4.36% weekly loss after peaking at $15.67 and dipping to $12.76. Currently, price action is compressing within a symmetrical triangle.
This pattern is defined by a descending resistance line from the $34 December 2024 high and an ascending support trendline starting under $5 in 2022. Volume is lower than earlier expansion phases, reinforcing the interpretation of calm before a directional move. Traders are closely monitoring this apex, which appears due around mid-July 2025.
Moreover, LINK now trades below its 5-week and 10-week moving averages at $14.44 and $14.32, respectively—both of which cluster just above current levels and represent significant resistance zones. With the 30-week MA at $17.73, a breakout from the triangle would need substantial momentum.
LINK Market Cap Recovery Signals Bullish Accumulation
The recent Chainlink market cap trend on CoinMarketCap supports the idea of smart accumulation. Between June 14 and June 15, LINK’s total cap dropped below $8.40 billion before rebounding above $8.70 billion in early morning trading. This move, shaped like a W-bottom, shows aggressive dip-buying near critical zones.
This rapid bounce suggests bullish structure formation, marked by higher highs and higher lows. However, the quick rejection near $8.75 billion also indicates lingering market caution. Notably, trading volume stayed low, hinting at accumulation driven more by larger holders than retail speculation.
This positioning aligns with LINK’s broader role as DeFi’s data backbone. If the price breaks out from its multi-year triangle, momentum may quickly follow Chainlink’s irrefutable dominance in the decentralized oracle space.
The post Chainlink’s 70% Oracle Market Share Meets Tight Price Coil—This Pattern Signals July Move appears on Coin Futura. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
