Decentralized oracle network Chainlink (LINK) has once again topped the ERC-20 project in terms of recent development activity, according to cryptocurrency analytics platform Santiment.
Santiment noted on social media platform This figure is almost double that of the second-place project, Ethereum (ETH), which recorded 342.2.
The decentralized oracle project also ranked first in June, July, and September.
State of the web3 Project (SNT) ranks third with 270.57 events registered in the last 30 days. Status aims to provide users with a secure messaging app, cryptocurrency wallet, and web3 browser through an open source, P2P protocol, and end-to-end encryption.
The ERC-20 project is the standard used by developers to issue tokens on the Ethereum blockchain and virtual machines.
Santiment points out that it doesn’t count routine updates and leverages “better methodologies” to collect data on GitHub events based on “backtested processes.”
The analytics firm previously said that the heavy development activity around cryptocurrency projects indicates that developers believe in the protocol. Development activity also suggests that the project is unlikely to become an exit scam.
LINK is trading at $11.11 at the time of this writing. The 18th-largest cryptocurrency asset by market capitalization has fallen more than 6% in the past 24 hours.
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