Santiment, a platform that compiles on-chain data for cryptocurrencies, is a decentralized oracle network Chainlink $11(LINK) reportedly surpassed all other ERC-20 projects in terms of development activity. Over the past 30 days, Chainlink’s GitHub notable activity figures have far exceeded its competitors.
Performance of Ethereum and Synthetix
Chainlink is followed by Ethereum (ETH) with 298.8 activity 
$2,588 followed. In third place was the decentralized finance (DeFi) protocol Synthetix (SNX) with 289.93 GitHub activity. When we look at all the data, we see that Chainlink was previously the leader in June and August.
Santiment’s Methodology
Santiment said it does not count routine updates and uses a “better methodology” for collecting GitHub activity. The company said the data was collected based on a “back-tested process.” When it comes to pure data, Cardano 
$0.354278 You may see networks like these ranked higher, but this can be misleading. There was even a time when Stellar 
$0.096858 We’ve even seen networks like , organize airdrops aimed at increasing GitHub activity. While this artificiality increases network development activity on paper, it doesn’t actually drive progress.
Importance of Development Activity
Santiment emphasized that the intense development activity around crypto projects reflects the trust of developers in the protocol. Santiment wrote that high development activity also reduces the probability of the project being a scam, and furthermore, continuous development draws attention. If the development of the protocol continues continuously, stable growth in the token price is expected. Before many altcoins are lost to the dustbin of history, network activity is weakening.
Token Prices and Market Cap
At the time of writing, LINK Coin is trading at $11.39, ranking 18th by market cap. ETH is trading at $2,575, up almost 4% in the last 24 hours. SNX is trading at $1.58, ranking 130th by market cap.
ERC-20 Standards and Projects
ERC-20 projects are a standard that developers use to issue tokens on the Ethereum blockchain and virtual machine. Projects like Chainlink use this standard to provide solutions for smart contracts and other blockchain applications. Especially in the RWA field, Ethereum is preferred by trillion-dollar giants and Chainlink’s EVM compatibility (Ethereum Virtual Machine) strengthens its potential.
Santiment’s data shows that Chainlink has strengthened its position in the industry and reflects the trust of the developer community in the project, which can be considered a positive sign for investors and users.
“Heavy development activity indicates that developers believe in the protocol and that the project is unlikely to be a scam.”
As a result, Chainlink’s leadership in development activity highlights the project’s future potential and importance in the industry. Compared to other ERC-20 projects, Chainlink’s superiority in this area is striking and is thought to be influential in investors’ decisions.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
