Ethereum’s Altcoin (ETH) Tops Real-World Asset Development, Reveals Santiment Crypto Analysis

  • 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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

TRUMP ANNOUNCES 50% TARIFF ON BRAZIL

TRUMP ANNOUNCES 50% TARIFF ON BRAZIL

SEC ACKNOWLEDGES FILING FOR CANARY SPOT PENGU ETF

SEC ACKNOWLEDGES FILING FOR CANARY SPOT PENGU ETF $PENGU #PENGU

Justin Sun Commits $100 Million to TRUMP Coin, the “Currency to Make America Great Again”

On July 10, Justin Sun announced a strategic acquisition...

BITCOIN TRADES ABOVE PREVIOUS ALL-TIME-HIGH OF $112,000 FOR THE FIRST TIME SINCE MAY 22ND

BITCOIN TRADES ABOVE PREVIOUS ALL-TIME-HIGH OF $112,000 FOR THE...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img