As a seasoned crypto investor with a keen interest in real-world assets (RWAs), I’ve been closely monitoring the development activity within this sector. The recent findings by Santiment regarding Chainlink (LINK) being the most developed RWA in the last 30 days have piqued my attention.
The decentalized oracle network on Ethereum, Chainlink (LINK), boasts the highest level of recent development activity among all real-world assets, with a total of 30 days’ worth.
Based on a recent tweet from Santiment, it appears that LINK is currently correlated with Synthetix (SNX), Centrifuge (CFG), and Oraichain (ORAI).
Top RWAs With the Most Development
Physical assets, such as real estate and tangible items, can be represented by cryptocurrencies in the real world. These digital tokens function using smart contracts and blockchain technology, just like other cryptocurrencies. The value and popularity of these assets have surged significantly in recent times, amassing market capitalizations worth billions of dollars.
As a crypto investor, I closely monitor the developer activity of potential investments using Santiment’s analysis. By accessing a project’s GitHub data through a meticulously tested process, Santiment ensures that only genuine development efforts are considered. The top ten most actively developed projects are identified by counting non-repeated GitHub activities and averaging their daily developments over the last month.
As a researcher studying the crypto sector, I discovered through Santiment’s methodology that LINK was the most advanced real-world asset in the industry. In April, this cryptocurrency led the way with an impressive 2.49 times greater daily activity compared to Synthetix, which ranked second. In May, Chainlink reported a developer activity of 428.83, representing a significant increase from its April figure of 383.03.
LINK to See Higher Rally
Notable is the persistence of SNX and CFG in holding the second and third positions on the list following LINK. Their GitHub activity has experienced a considerable increase, signaling growing engagement within these projects. Oraichain has overtaken Dusk Foundation, securing the fourth position, while Dusk Foundation has dropped to fifth.
According to Santiment’s analysis, MakerDAO and Polymesh moved up two spots among the top projects, whereas IX Swap slid down to eighth position due to MakerDAO’s advancement. Newcomers like Defactor joined the rankings, while Creditcoin was no longer included.
As a crypto investor, I’ve noticed an intriguing correlation between Chainlink’s consistent development efforts and the impressive 25% rally of its digital asset, LINK, over the past month. The optimism among analysts that LINK could continue to climb in the near future is supported by several key indicators.
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2024-06-05 23:20