Chainlink Dominates ERC-20 Development Activity, Leaving Ethereum Behind

Chainlink (LINK) has emerged as the leading ERC-20 project in terms of development activity, as reported by crypto analytics platform Santiment.

In the past month, Chainlink achieved an impressive 649 notable GitHub events, nearly double that of Ethereum (ETH), which recorded 342.2 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) @ethstatus $SNT 🥉
➡️4) #susd $SUSD
📉5) @synthetix_io $SNX
➡️6)… pic.twitter.com/FgByOitaeU

— Santiment (@santimentfeed) October 25, 2024

This marks a continuation of Chainlink’s strong performance, having also ranked first in June, July, and September.

Following Chainlink, Status (SNT) secured the third spot with 270.57 events.

Status aims to provide a secure messaging platform, crypto wallet, and web3 browser using a peer-to-peer protocol and end-to-end encryption.

It’s important to note that Santiment employs a refined methodology to track GitHub activities, excluding routine updates and focusing on significant contributions.

The analytics firm has indicated that robust development activity typically signals developer confidence in a project, suggesting a lower risk of potential exit scams.

Kosta Gushterov