The decentralized oracle network Chainlink (LINK) has recently seen a surge in development activity, according to data from Santiment. In the past 30 days, Chainlink has moved up in rankings to the second position, showing an increase in developer interest and engagement. Meanwhile, the decentralized app protocol Hedera (HBAR) continues to lead in development activity within the crypto space.
According to Santiment, the top coins by development frequency currently include Hedera HBAR, Chainlink LINK, Optimism OP, Dfinity ICP, Cardano ADA, Ethstatus SNT, Cosmos ATOM, Zksync ZK, Starknet STRK, and Aptos APT. Chainlink stands out among ERC-20 projects, ranking at the top in terms of recent development activity. The project registered 560.6 notable GitHub events in the past 30 days, showing a high level of commitment from developers.
Comparatively, the number two spot for ERC-20 projects went to Status (SNT) with 385.97 GitHub events recorded in the same timeframe. Status aims to provide users with a secure messaging app, crypto wallet, and web3 browser through an open-source, peer-to-peer protocol with end-to-end encryption. The high level of development activity surrounding Chainlink and Status indicates a strong belief in the protocols from the developer community.
The increased development activity for Chainlink is seen as a positive sign for the project’s future growth and adoption. Santiment suggests that heavy development activity reflects a confidence in the protocol and its potential impact on the industry. Chainlink is currently trading at $14.41, showing a modest increase of more than 1% in the last 24 hours. To stay updated on the latest developments in the crypto space, users can subscribe to email alerts or follow relevant platforms on social media.
In conclusion, Chainlink has emerged as a key player in the decentralized oracle network space, with a significant increase in development activity and rankings. The project’s focus on providing secure and reliable data feeds for smart contracts has garnered attention from developers and investors alike. As the crypto industry continues to evolve, projects like Chainlink and Hedera are at the forefront of innovation and growth. Keeping track of development trends and staying informed about the latest updates in the space is essential for anyone looking to navigate the world of cryptocurrency successfully. Subscribe and follow relevant platforms to stay updated on the latest news and developments in the crypto space.
