Decentralized Oracle Network Chainlink Leads ERC-20 Projects in Terms of Recent Development Activity: Santiment

The decentralized oracle network Chainlink (LINK) leads all ERC-20 projects in terms of recent development activity, according to new data published by the crypto analytics platform Santiment.

Santiment notes that Chainlink registered 560.6 notable GitHub events in the past 30 days.

Status (SNT) was second, clocking 385.97 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.

Ethereum (ETH) itself was third on Santiment’s list, registering 314 notable events.

The analytics firm notes that it doesn’t count routine updates and utilizes a “better methodology” to collect data for GitHub events based on a “backtested process.”

Santiment has previously said that heavy development activity centered around a crypto project indicates developers believe in the protocol. Development activity also suggests that the project is less likely to be an exit scam.

LINK is trading at $14.04 at time of writing. The 17th-ranked crypto asset by market cap is down more than 2% in the past 24 hours.

SNT is trading at $0.0264 at time of writing. The 395th-ranked crypto asset by market cap is down more than 1% in the past day.

ETH is trading at $3,385 and is down more than 2% in the past 24 hours.

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 losses 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

The post Decentralized Oracle Network Chainlink Leads ERC-20 Projects in Terms of Recent Development Activity: Santiment appeared first on The Daily Hodl.