The decentralized oracle network Chainlink (LINK) is ahead of all other crypto projects in terms of recent development activity, according to the analytics firm Santiment.
Santiment notes that Chainlink is at the top of the list with an average of 451.23 notable GitHub events over the past 30 days.
The smart contract platform Cardano (ADA) is second, clocking 444.7 events with Status (SNT) taking the third spot with 434.5 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.
The Ethereum (ETH) layer-2 scaling solution Optimism (OP) ranks fourth with 411 notable events, and the decentralized public network Hedera (HBAR) clocked in at fifth with 378.73.
Source: Santiment/X
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.
LINK is trading at $18.31 at time of writing. The 15th-ranked crypto asset by market cap is down 1.31% in the past 24 hours.
Generated Image: Midjourney
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