Chainlink (LINK) emerged as the top contender by taking the lead in the RWA development activity, exhibiting the highest daily activity on the development-sharing platform GitHub.
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RWA Development Activity
Santiment, a blockchain analysis platform, recently revealed that a project based on Ethereum (ETH) is leading in development activity rankings within the real-world asset (RWA) sector.
When compared to Synthetix (SNX), the second most active blockchain project enabling the creation of synthetic assets on Ethereum, Chainlink shows more than double the development activity. According to Santiment’s rankings, Chainlink currently generates 2.49 times more daily activity than Synthetix.
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Top Real-World Assets
Santiment’s list of top real-world assets in the crypto space, based on development activity, includes Chainlink (LINK), Synthetix.io, Centrifuge (CFG), Dusk (DUSK), Oraichain (ORAI), Creditcoin (CTC), IX Swap (IXS), Maker (MKR), Polymesh Network (POLYX), Reserve (RSR).
Tellor (TRB)
Regarding Tellor (TRB), another oracle protocol, Santiment noted that its native crypto asset has performed exceptionally well in May, outperforming most projects. Despite experiencing a sharp rise to $145, the price has since declined to 5%, with the current trading price at $117.
Tellor’s market cap has also risen to over $300 million, and the 24-hour trading volume has increased by 68%, reaching $785 million. This indicates sustained high interest in TRB, despite the overall market downturn.
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Conclusion
In conclusion, remarkable leadership in development activity within the real-world asset (RWA) sector by Chainlink (LINK) has been observed surpassing Synthetix (SNX) and other top projects. Santiment’s rankings underscore Chainlink’s significant daily activity on GitHub, highlighting its prominent position in the blockchain space. Additionally, Tellor (TRB) has notably surged in performance, showcasing resilience and investor interest despite market fluctuations, further emphasizing the dynamic nature of the crypto market.
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