Decentralized oracle network Chainlink (LINK) continues to outperform all other ERC-20 projects in terms of development activity, according to crypto analytics firm Santiment.
Santiment Notes According to social media platform X, Chainlink has registered 624.17 notable GitHub events in the past 30 days, more than double the 298.8 of the second-placed project, Ethereum (ETH).
Oracle projects also topped the list in June and August.
Synthetix (SNX), a decentralized finance (DeFi) protocol, took third place with 289.93 notable GitHub events.
The ERC-20 project is a standard used by developers to issue tokens on the Ethereum blockchain and virtual machine.
Santiment notes that it doesn't count routine updates and instead leverages a “better methodology” for collecting GitHub event data based on a “back-tested process.”
The analysis company previously said The active development activity surrounding the crypto project indicates that developers have confidence in the protocol. Development activity also suggests that the project is unlikely to be an exit scam.
LINK is trading at $11.39 at the time of writing. The 18th-largest crypto asset by market cap is up 1.6% over the past 24 hours.
ETH is trading at $2,575 at the time of writing, up about 4% over the past day.
Synthetix’s native asset, SNX, is trading at $1.58 at the time of writing. The 130th-largest crypto asset by market cap has risen by over 6% in the past 24 hours.
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