Chainlink Surges in Development Activity, Ranking Among Top Crypto Projects

According to data from crypto analytics platform Santiment, decentralized oracle network Chainlink (LINK) has witnessed a significant surge in development activity.

Development Activity Rankings

Over the past 30 days, Chainlink has climbed from fourth place in May to second place in June in terms of development activity. Hedera (HBAR) remains the leader in this category.

Top Crypto Coins by Development Frequency:

1. Hedera HBAR
2. Chainlink LINK
3. Optimism OP
4. Dfinity ICP
5. Cardano ADA

Chainlink’s Dominance Among ERC-20 Projects

When compared solely to other ERC-20 projects, Chainlink ranks at the top for recent development activity. It recorded 560.6 notable GitHub events in the past 30 days, while Status (SNT) came in second with 385.97 events.

Significance of Development Activity

According to Santiment, high development activity indicates that developers have faith in the protocol. Chainlink is currently trading at $14.41, up over 1% in the last 24 hours.