ThedecentralizedoraclenetworkChainlink(LINK)isonceagainthetop-rankedERC-20projectintermsofrecentdevelopmentactivity,accordingtothecryptoanalyticsplatformSantiment.
SantimentnotesonthesocialmediaplatformXthatChainlinkregistered649.03notableGitHubeventsinthepast30days,nearlydoublethenumberofthesecond-rankedproject,Ethereum(ETH),whichclocked342.2.
ThedecentralizedoracleprojectalsotoppedthelistinJune,JulyandSeptember.
Theweb3projectStatus(SNT)rankedthirdinthepast30days,registering270.57events.Statusaimstoofferusersasecuremessagingapp,cryptowalletandweb3browserviaanopen-source,peer-to-peerprotocolandend-to-endencryption.
Source:Santiment/X
AnERC-20projectisastandardthatdevelopersusetoissuetokensontheEthereumblockchainandvirtualmachine.
Santimentnotesthatitdoesn’tcountroutineupdatesandutilizesa“bettermethodology”tocollectdataforGitHubeventsbasedona“backtestedprocess.”
Theanalyticsfirmhaspreviouslysaidthatheavydevelopmentactivitycenteredaroundacryptoprojectindicatesdevelopersbelieveintheprotocol.Developmentactivityalsosuggeststhattheprojectislesslikelytobeanexitscam.
LINKistradingat$11.11attimeofwriting.The18th-rankedcryptoassetbymarketcapisdownmorethan6%inthepast24hours.
GeneratedImage:Midjourney
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