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Chainlink $12.28 (LINK) continues to be heavily impacted by the prevailing uncertainties in the cryptocurrency markets. As of December 23, the price of LINK was recorded at $12.49, with a market capitalization of approximately $8.84 billion. However, this current price is about 16% lower compared to its monthly peak and around 55% down from its level at the beginning of the year. This sharp pullback reflects investors’ increased caution towards both macroeconomic developments and weakening on-chain data. Contents DeFi Data and Whale Movements: Insights Technical Outlook and Potential Scenarios DeFi Data and Whale Movements: Insights According to DefiLlama, the total value locked (TVL) in Chainlink-based DeFi applications has dropped remarkably, from $1.13 billion at the end of August to about $545 million. During the same period, there has also been a consistent decline in weekly transaction fees. These declines in TVL and fees suggest a waning demand for Chainlink services and a slowdown in ecosystem usage. The on-chain stagnation appears to have led to a decline in interest from major investors, known as whales. Nansen data reveals that the amount of LINK held by whales decreased by 2% in the last seven days, falling to 1.84 million units. Meanwhile, the total LINK balance on exchanges has increased by 2.7% to 226.73 million units, indicating a potential strengthening of selling pressure. This scenario escalates the downward risks on the price in the short term. Technical Outlook and Potential Scenarios The weekly chart for Chainlink calls for investor caution. It highlights a multi-year “double top” formation, with the peaks forming around $28.06 and the neckline situated at $11.08. In technical analysis, such formations are often precursors to significant downturns. Momentum indicators also emit negative signals. The MACD indicator has moved below the signal line, with both lines trending downward, suggesting that sellers maintain their dominance in the market. The RSI stands at approximately 37.7, indicating that it has not yet entered the oversold territory. This suggests that there is still room for downward movement before a potential recovery. A critical level to watch is $11.08. A potential break below this level could result in the price falling to $8 or even the robust support level of $5 that was established during the 2022-2023 period. While Chainlink’s weakness continues, competition in the oracle space is intensifying. Recently, projects like Pyth Network and Band Protocol have increased their integrations with different blockchains, intensifying competition in the data oracle market. Collaborations with Solana and new generation Layer-2 solutions provide developers with alternative oracle options, making it increasingly important for Chainlink to offer new use cases and updates to maintain its market share.

Cryptocurrency analytics company Santiment has revealed the projects that developers in the Solana ecosystem have focused on most intensely in the last 30 days. According to Santiment’s study based on data, both infrastructure and DeFi-focused projects stood out in terms of developer activity, with Chainlink leading the list by a wide margin. The data reveals that the Solana ecosystem is experiencing significant developer interest not only in mainnet projects but also in oracle, liquidity, and cross-chain solutions. Chainlink, in particular, has the highest developer activity among projects associated with the Solana ecosystem, while critical infrastructure and DeFi projects like Solana, Wormhole, and Jito also rank highly. It was noted that some projects showed increased developer interest, while others experienced a limited decline. Related News Rumors Started About Binance Regarding BlackRock, the World's Largest Asset Manager Here are the Solana ecosystem altcoins that have attracted the most attention from cryptocurrency developers in the last 30 days, along with developer activity: Chainlink (LINK) – 263.9 Solana (SOL) – 97.47 Wormhole (W) – 25.83 Jito (JTO) – 16.93 Python Network (PYTH) – 16.03 Meteora (MET) – 13.83 Drift (DRIFT) – 11.5 Swarms (SWARMS) – 11.27 DoubleZero (2Z) – 10.67 Helium (IOT) – 10.23 *This is not investment advice. Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!

Pyth uses 33% of the DAO treasury in buyback. “PYTH Reserve” buys PYTH token on the open market. Pyth Pro reaches $1M ARR with real-time data. Pyth Network has announced the start of a monthly buyback program for the PYTH token, allocating 33% of the DAO's treasury to recurring purchases. This initiative aims to align the asset's value with the adoption rate of the network's products, while also creating a policy for the continuous use of treasury resources. The program is called “PYTH Reserve” and, according to the published plan, will use revenue associated with the treasury to purchase tokens on the open market. Purchases are expected to occur periodically, with execution and custody entirely on-chain, keeping the acquired assets within the reserve created by Pyth. The first buyback, scheduled for this month, was estimated at between US$100.000 and US$200.000. The DAO treasury, in turn, was estimated to be around US$500.000 at the time of the announcement, indicating that the initial amounts should represent a significant portion of the cash available for this strategy. Related Stories Pyth Network Reports Explosive TVL Growth and Wins Partnership with Sony 30/08/2024 Pyth Network and Portofino Join Forces to Expand Real-Time Price Feeds in Crypto 10/04/2024 Pyth also indicated that the volume of repurchases could grow from 2026 onwards, following the increase in revenue. The market's interpretation is that the greater the predictability of inflows into the treasury, the greater the capacity to sustain monthly purchases at higher levels, without depending on one-off decisions. This move is happening in parallel with the expansion of the network's data portfolio. Pyth Pro, the most recent product, offers real-time information on cryptocurrencies and traditional assets and reached $1 million in annual recurring revenue (ARR) in its first month. The service reportedly surpassed 80 active subscribers, suggesting rapid commercial traction for a newly launched product. The PYTH Reserve is governed, systematic, and transparent. Monthly open-market PYTH purchases funded by the DAO. Growth → revenue → purchasing power. A self-reinforcing flywheel. pic.twitter.com/VHP8MwHVhL — Pyth Network 🔮 (@PythNetwork) December 16, 2025 In its long-term plan, Pyth aims for an ARR of $500 million, proposing to capture approximately 1% of a data market estimated at $50 billion. The network also projects that this sector could reach $100 to $125 billion by 2035, influenced by institutional adoption, tokenized assets, and the consumption of data with artificial intelligence. In addition to Pyth Pro, the infrastructure includes Pyth Core, Pyth Entropy, and Pyth Express Relay, which together support over $2,3 trillion in transactions across more than 100 blockchains for over 600 applications. Pyth did not provide projections on the direct impact on the circulating supply, but highlighted that the goal is to strengthen the utility and value of the token. Finally, buybacks are gaining traction among crypto projects in 2025, with ten initiatives accounting for 92% of buyback spending during that period, a trend led by Hyperliquid. Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss. Tags: Pyth Network

$PYTH Pyth launches token buyback program, allocating 33% of DAO treasury to monthly PYTH purchases.