Chainlink Leads ERC-20 Projects in Development Activity, Outpacing Ethereum

According to crypto analytics firm Santiment, the decentralized oracle network Chainlink (LINK) leads all ERC-20 projects in development activity.

Over the past 30 days, Chainlink logged 624.17 significant GitHub events, more than twice the amount recorded by Ethereum (ETH), which saw 298.8 events.

🧑‍💻 Here are crypto’s top ERC-20 coins by development activity. Directional indicators represent each project’s ranking positioning since last month:

➡️ 1) @chainlink $LINK 🥇
📈 2) @ethereum $ETH 🥈
📈 3) @synthetix_io $SNX 🥉
➡️ 4) #susd $SUSD
📉 5) @ethstatus $SNT
➡️ 6)… pic.twitter.com/D7DHf0OFhk

— Santiment (@santimentfeed) September 20, 2024

Chainlink has consistently ranked at the top, having led in both June and August as well. The decentralized finance (DeFi) protocol Synthetix (SNX) followed closely behind in third place, with 289.93 GitHub events.

ERC-20 is a widely used standard for issuing tokens on the Ethereum blockchain. Santiment highlights that it excludes routine updates and employs a more refined methodology for gathering GitHub data through a “backtested process.”

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Santiment has previously indicated that high development activity reflects developers’ confidence in a project and reduces the likelihood of it being an exit scam.

Alexander Zdravkov

Alexander has been working in the crypto industry for three years, during which time he has established himself through his active participation in monitoring market dynamics and technological innovations. His interest in cryptocurrencies and new technologies is not just a professional commitment, but a deep personal passion. He follows the news in the sector daily, analyzes trends, and is excited about every new step in the development of blockchain solutions. His enthusiasm drives him to continuously learn and share knowledge, as he sees the future in digital finance and its role in global transformation.