Blog Post

kryptobörsen > News > Altcoin > Decentralized Oracle Network Chainlink Leads the Crypto Space in Terms of Recent Development Activity: Santiment

Decentralized Oracle Network Chainlink Leads the Crypto Space in Terms of Recent Development Activity: Santiment


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.

Image
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.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney





Source link

Leave a comment

Your email address will not be published. Required fields are marked *