According to new data from market intelligence platform Santiment, Chainlink $28.8 (LINK) is a leader in the Real World Assets (RWA) industry in terms of recent development activities. According to the information published on the platform’s social media account X, Ethereum will follow the decentralized oracle network Chainlink. 
$3,863.6 -based synthetic asset creator Synthetix (SNX) and privacy-focused tokenization project Dusk Foundation (DUSK).
Development Activities
According to data, Chainlink has made approximately 394 significant GitHub events in the last 30 days. Synthetix and Dusk Foundation were in this field with 176.6 and 34.7 events, respectively. These data show Chainlink’s activity and development in the sector.
Other noteworthy digital assets on the list include Polymesh (POLYX), a layer-one protocol designed for tokenized securities, and decentralized finance (DeFi) protocol Maker (MKR). Polymesh and Maker moved up to fourth and fifth place in the rankings, with 25.9 and 21.7 significant GitHub events respectively over the past month.
Chainlink’s Performance
According to previous data, data analysis platform Glassnode stated that Chainlink’s on-chain momentum is increasing and its price is rising. Glassnode pointed out that Chainlink’s key indicators have also improved.
“LINK’s price increase has clearly been driven by speculative and short-term market activity, but its fundamental indicators are also improving. We see that active address momentum is bullish and the short-term SMA remains above the long-term SMA. Chainlink’s token LINK reached its highest price in nearly two years, and open interest in futures rose to a historic high of $770.27 million!”
LINK is currently trading at $28.10, while SNX is $3.11, DUSK is $0.283, POLYX is $0.364, and MKR is $2,069. LINK’s daily decline of 2% could be an indication of market fluctuations.
The Real World Assets sector plays a significant role in the integration of blockchain technology into financial products. Chainlink’s leading position indicates the sustainability of technological developments and collaborations in this field. For investors, these dynamics in the industry can create long-term positive effects.
Disclaimer: The information contained in this article does not constitute 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.
