The latest data released by Santiment, a crypto analytics platform, reveals that Chainlink (LINK) is at the forefront in terms of recent development activities among ERC-20 projects within the decentralized oracle network. In the past 30 days, Chainlink has recorded an impressive 560.6 significant GitHub events. Following closely behind is Status (SNT) with 385.97 events.
Status is focused on providing users with a secure messaging application, a crypto wallet, and a web3 browser through an open-source, peer-to-peer protocol, coupled with end-to-end encryption. Ethereum (ETH) stands in third place on Santiment’s ranking, having garnered 314 notable events within the same period.
Santiment emphasizes that routine updates are not considered in their assessment and employs a refined methodology to gather data on GitHub events through a meticulously backtested process. The analytics firm suggests that intense development activities within a crypto project signify developer confidence in the protocol and reduce the likelihood of it being associated with fraudulent practices.
As of the current writing, LINK is valued at $14.04, experiencing a minor decline of over 2% in the last 24 hours. Positioned as the 17th largest cryptocurrency by market capitalization, LINK continues to showcase its resilience in the market. SNT, on the other hand, is trading at $0.0264, down by more than 1% in the past day, holding the 395th spot in the market rankings. ETH is priced at $3,385, witnessing a similar decrease of over 2% within the previous 24 hours.
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