Chainlink Leads Development Activity Among ERC-20 Projects

Chainlink (LINK), a decentralized oracle network, has surpassed all other ERC-20 projects in terms of recent development activity, according to data from crypto analytics platform Santiment.

Notable GitHub Events

Over the past 30 days, Chainlink recorded an impressive 560.6 notable GitHub events, while Status (SNT) followed closely with 385.97 events. Ethereum (ETH) ranked third with 314 notable events.

Importance of Development Activity

Santiment emphasizes that it uses a “better methodology” to collect data for GitHub events, excluding routine updates. According to the firm, high development activity indicates that developers are confident in the project and that it is less likely to be an exit scam.

Market Performance

At the time of writing, LINK is trading at $14.04, down over 2% in the past 24 hours. SNT is trading at $0.0264, down over 1%, while ETH is trading at $3,385, also down over 2%.