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Home»ALTCOIN NEWS»Decentralized oracle network Chainlink is leading the real-world asset segment with its latest development effort, Santiment.
ALTCOIN NEWS

Decentralized oracle network Chainlink is leading the real-world asset segment with its latest development effort, Santiment.

By Crypto FlexsDecember 14, 20242 Mins Read
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Decentralized oracle network Chainlink is leading the real-world asset segment with its latest development effort, Santiment.
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Chainlink (LINK) is leading the real-world assets (RWA) sector in terms of recent development activity, according to new data from market intelligence platform Santiment.

In a new post on social media platform It was revealed that it is being led by the Foundation (DUSK). .

According to the data, Chainlink has had approximately 394 notable GitHub events in the past 30 days, with Synthetix and Dusk Foundation recording 176.6 and 34.7 respectively.

Other notable digital assets on the list include Polymesh (POLYX), a layer 1 designed for tokenized securities, and decentralized finance (DeFi) protocol Maker (MKR).

Polymesh and Maker moved up to 4th and 5th places, respectively, seeing 25.9 and 21.7 notable GitHub events over the past month.

Source: Santiment/X

Previously, data analytics platform Glassnode noted that Chainlink’s on-chain momentum was increasing, while also pointing to a surge in price and improving fundamentals.

“LINK’s price surge has clearly been driven by speculation and short-term market activity, but fundamentals are also improving.

Active address momentum is still trending higher than the short-term simple moving average (SMA) of 6,682, compared to the long-term SMA of 5,878.

Chainlink’s token LINK hit its highest price in nearly two years, with futures open interest (OI) soaring to an all-time high of $770.27 million!”

LINK is trading at $28.10 at the time of writing, down 2% on the day. SNX, DUSK, POLYX, and MKR are trading at $3.11, $0.283, $0.364, and $2,069, respectively.

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