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.
[adinserter block="1"]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.
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