- Blockchain analytics platform Santiment reports that Ethereum-based altcoin project, Chainlink (LINK), leads in the real-world asset (RWA) sector based on development activity.
- Chainlink is seeing more than double the development activity compared to the second most active blockchain project, Synthetix (SNX).
- Decentralized oracle protocol Tellor (TRB) is also outperforming most other digital assets so far this month.
Chainlink (LINK) is leading the real-world asset sector in development activity, with Synthetix (SNX) trailing behind, according to Santiment. Meanwhile, Tellor (TRB) sees significant performance boost this month.
Chainlink Leads in Development Activity
According to Santiment, Chainlink is currently producing 2.49x more daily activity than the next most active project, Synthetix, in the RWA sector. This ranking is compiled by counting any non-redundant GitHub activity and averaging this daily activity over the past 30 days.
Top Real-World Assets by Development
The top real-world assets by development, as per Santiment’s ranking, are as follows: 1. Chainlink 2. Synthetix.io 3. Centrifuge (CFG) 4. Dusk (DUSK) 5. Oraichain (ORAI) 6. Creditcoin (CTC) 7. IX Swap (IXS) 8. Maker (MKR) 9. Polymesh Network (POLYX) 10. Reserve Rights (RSR).
Tellor Outperforms Other Digital Assets
Meanwhile, Santiment reports that the native asset of decentralized oracle protocol Tellor (TRB) is outperforming most other digital assets so far this month. Tellor has doubled in market cap since the beginning of May, with whale transactions and address activity seeing sudden spikes, suggesting potential TRB profit takes. Tellor is trading for $111.64 at the time of writing, up 16% in the last 24 hours.
Conclusion
Chainlink’s lead in development activity in the RWA sector underscores the project’s commitment to innovation and growth. Meanwhile, the rise of Tellor highlights the dynamic nature of the crypto market, with different assets gaining momentum at different times. As the crypto landscape continues to evolve, these trends offer valuable insights for investors and stakeholders.
