Decentralized Oracle Network Chainlink Continues To Top Real-World Assets Sector in Recent Development Activity: Santiment

The decentralized oracle network Chainlink (LINK) continues to dominate crypto’s real-world asset (RWA) sector in terms of development activity, according to the analytics firm Santiment.

Santiment notes in a new post on the social media platform X that Chainlink registered 532.43 notable GitHub events in the past 30 days.

The figure far exceeds the second-ranked RWA project, the layer-1 blockchain Avalanche (AVAX), which clocked 290.87 GitHub events. The peer-to-peer payments project Stellar (XLM) was third, with 240.7.

Chainlink has occupied the top spot on Santiment’s list all year, often clocking multiple times the number of GitHub events as the second-ranked project.

Santiment notes that it doesn’t count routine updates and uses 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 is a positive indication that could mean that the developers believe the protocol will be successful. It also indicates that the project is less likely to be an exit scam.

Chainlink’s native token, LINK, is trading at $15.58 at time of writing. The 16th-ranked crypto asset by market cap is down nearly 7% in the past 24 hours but up more than 1% in the past week.

Follow us on X, Facebook and Telegram

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Surf The Daily Hodl Mix

Generated Image: Midjourney