The decentralized oracle network Chainlink (LINK) continues to lead all ERC-20 projects in terms of recent development activity, according to the crypto analytics firm Santiment.
Santiment notes that Chainlink registered 401.53 notable GitHub events in the past 30 days.
The oracle project also topped the list in June, clocking in 560.6 notable events over a 30-day period.
Status (SNT) ranked second in the past 30 days, registering 370.73 events. Status aims to offer users a secure messaging app, crypto wallet and web3 browser via an open-source, peer-to-peer protocol and end-to-end encryption.
Ethereum (ETH) itself ranked 3rd, clocking 272.43 events.
Santiment notes that it doesn’t count routine updates and utilizes a “better methodology” to collect data for GitHub events based on a “backtested process.”
The analytics firm has previously said that heavy development activity centered around a crypto project indicates developers believe in the protocol. Development activity also suggests that the project is less likely to be an exit scam.
LINK is trading at $12.32 at time of writing. The 17th-ranked crypto asset by market cap is down more than 5% in the past 24 hours.
SNT is trading at $0.0232 at time of writing. The 415th-ranked crypto asset by market cap is down nearly 7% in the past day.
ETH is trading at $3,129 at time of writing and is down nearly 6% in the past 24 hours.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Follow us on X, Facebook and Telegram
Generated Image: Midjourney
Read the full article here
