Chainlink (LINK) has emerged as the leader in DeFi developer activity for October, according to Santiment's rankings, with a score of 491.67. Following Chainlink are DeepBook (DEEP) and DeFiChain (DFI) in second and third places, respectively. Currently, LINK is trading close to $23, navigating a descending channel. Traders are closely monitoring LINK's price action, particularly the resistance level at $23.7. A successful breakout above this threshold could propel the price towards $26 and potentially $30. Conversely, a decline below the $20.3 support level might trigger a correction down to $17.5.