Chainlink Falls 4.38% as Investors Shift to Yield-Rich DeFi Platforms Like Mutuum Finance

Chainlink (LINK) dropped to $17.02, a 4.38% decline over 24 hours, reflecting broader crypto market weakness due to macroeconomic uncertainty and risk-off sentiment, according to tradersunion.com. The price retreat follows a rejection at the $18.50 resistance level, with LINK trading below the 7-day SMA ($18.20) but above the 50-day ($15.06) and 200-day ($16.04) SMAs, signaling short-term bearish momentum within a longer-term bullish structure [1]. Whale accumulation of 2.29 million LINK tokens over 10 days and CCIP integrations with Base, zkSync Era, and TON on July 27 support the asset’s fundamentals. However, $101 million in whale movements were recorded on May 30, and ongoing selling pressure suggests continued volatility. Support is currently holding at $14.70, with a potential drop to $17.20 if breached. A rebound above $17.82 could target $20.28, driven by DeFi adoption and institutional interest [1].

Amid this shift, investors are turning to yield-rich alternatives such as Mutuum Finance (MUTM), a DeFi platform currently priced at $0.035. While Chainlink (LINK) staking yields range between 4 to 5 percent, Mutuum Finance is set to offer a dual-reward system with competitive APYs, allowing users to earn interest through deposits and stake mtTokens for additional MUTM rewards [1]. Depositors locking ADA, for example, can earn a 6.25% APY, translating to $1,250 annually on a $20,000 deposit [1]. These mtTokens also serve as collateral for loans, providing flexibility to access liquidity without liquidating positions.

Mutuum Finance’s lending protocol introduces a Peer-to-Contract (P2C) model, enabling borrowers to unlock up to 75% of their collateral value using assets like AVAX, BTC, or BUSD. The platform allows for flexible repayment schedules with no fixed deadlines, catering to users seeking tailored financial strategies. Liquidations occur only when a borrower’s health factor drops below the threshold, preserving system stability [1]. In addition, the platform supports Peer-to-Peer (P2P) lending, enabling direct negotiations between borrowers and lenders, with smart contracts ensuring transparency and security [1].

Currently in Phase 6 of its presale, Mutuum Finance has already raised over $14 million from more than 14,900 holders. The token is priced at $0.035 and is expected to rise to $0.040 in the next phase. Early investors who entered in Phase 2 at $0.015 have seen returns of over 2.5X [1]. The platform’s roadmap includes a Beta launch, Layer-2 scalability enhancements, and mtToken staking rewards. Future phases aim to secure major exchange listings and implement ongoing buyback mechanisms to enhance liquidity and value for MUTM holders [1].

Security remains a key focus for Mutuum Finance, with CertiK auditing the platform and receiving high scores of 95 on Token Scan and 78 on Skynet. A $50,000 bug bounty program and a $100,000 giveaway campaign reinforce community trust and encourage early participation [1]. With presale momentum building and an anticipated post-listing price target of $0.06, the platform is seen as a strong contender for DeFi investors seeking scalable growth and real-world utility.

As Chainlink (LINK) faces reduced staking appeal due to lower APYs and network congestion, Mutuum Finance (MUTM) is gaining traction for its innovative dual-reward system and flexible lending models. With institutional and retail investors increasingly favoring yield-rich opportunities, Mutuum Finance is positioned to capture the next wave of DeFi adoption and potentially deliver returns of up to 8X over the coming months [1].

Source: [1] Chainlink (LINK)’s Retreat to $17.02 Pushes Stakers Toward New, Yield-Rich Opportunities Like This $0.035 Underdog (https://blockonomi.com/chainlink-links-retreat-to-17-02-pushes-stakers-toward-new-yield-rich-opportunities-like-this-0-035-underdog/)