Decentralized oracle network Chainlink (LINK) is suddenly seeing a lot more development activity, according to new data published by the crypto analytics platform Santiment.
Santiment notes that Chainlink has shot up in rankings in terms of development activity over the last 30 days from fourth place in May to second place last month.
Meanwhile, decentralized app protocol Hedera (HBAR) continues to lead in the crypto space in terms of development activity.
“Here are crypto’s top coins by development frequency. Hedera remains at the top spot, with Chainlink sliding into the number two position. The below list is sorted by counting any non-redundant activity from a project, and averaging this daily activity over the past 30 days:
1) Hedera HBAR
2) Chainlink LINK
3) Optimism OP
4) Dfinity ICP
5) Cardano ADA
6) Ethstatus SNT
7) Cosmos ATOM
8) Zksync ZK
9) Starknet STRK
10) Aptos APT”
When compared to just other ERC-20 projects, Chainlink ranks at the top in terms of recent development activity, according to Santiment.
Santiment notes that Chainlink registered 560.6 notable GitHub events in the past 30 days while the number two slot went to Status (SNT) with 385.97 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.
Heavy development activity indicates developers believe in the protocol, according to Santiment.
Chainlink is trading for $14.41 at time of writing, up more than 1% in the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney