Chainlink, the decentralized oracle network, is buzzing with activity, according to crypto analytics firm Santiment.
Chainlink’s Code is Cooking
Chainlink has been cranking out code like crazy, with more development activity than any other ERC-20 project. In the past month, Chainlink logged over 624 notable GitHub events, more than double the second-place project, Ethereum. This isn’t a new trend; Chainlink also topped the development charts in June and August.
What Does This Mean?
Santiment says a lot of development activity is a good sign. It shows developers are confident in the project and are actively working to improve it. It also makes it less likely that the project is a scam.
Price Action
Chainlink (LINK) is currently trading at $11.39, up 1.6% in the last 24 hours. Ethereum (ETH) is trading at $2,575, up nearly 4% in the past day. Synthetix (SNX), which came in third for development activity, is trading at $1.58, up over 6% in the last 24 hours.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
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