Here Are the 10 Most Actively Developed DeFi Projects Right Now

A new report from blockchain analytics firm Santiment highlights which DeFi projects have seen the most developer activity over the past month—and the leaderboard has shifted in unexpected ways.

By analyzing GitHub commits across major open-source protocols, Santiment tracked genuine development momentum while filtering out spam updates. The results reveal Chainlink (LINK) has reclaimed the top spot with a commanding lead, reinforcing its position as one of the most actively developed projects in the space.

The rankings weren’t without surprises. Despite a low market cap and persistent price struggles, DeFiChain (DFI) made a strong showing, ranking third and proving that development doesn’t always mirror market sentiment.

Another standout is DeepBook Protocol (DEEP), which climbed to second place, edging out more established names. Projects like Synthetix (SNX), Lido (LDO), and Injective (INJ) also featured, continuing to attract developer interest.

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Here’s a quick look at Santiment’s top 10 DeFi projects by development activity:

• Chainlink (492.87)
• DeepBook (264.83)
• DeFiChain (221.77)
• Synthetix (151.53)
• Liquity (126.73)
• Lido DAO (116.17)
• Injective (99.00)
• Babylon (85.30)
• Coinbase Wrapped BTC (79.60)
• FOX Token (67.47)

The list reflects an evolving DeFi landscape where code commits—not just price charts—tell the real story of ongoing innovation.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.