Chainlink (LINK), a decentralized oracle network, is leading all ERC-20 projects in terms of recent development activity, according to new data released by cryptocurrency analytics platform Santiment.
Santiment points out that Chainlink has registered 560.6 notable GitHub events over the past 30 days.
Status (SNT) came in second place with 385.97 events.
Status aims to provide users with a secure messaging app, cryptocurrency wallet, and web3 browser through open source, P2P protocols, and end-to-end encryption.
Ethereum (ETH) itself ranked third on the Santiment list, registering 314 notable events.
The analytics firm notes that it does not count routine updates and instead uses “better methodologies” to collect data on GitHub events based on “backtested processes.”
Santiment previously said that excessive development activity around a cryptocurrency project indicates that developers believe in the protocol. Development activity also suggests that the project is less likely to be an exit scam.
LINK is trading at $14.04 at the time of writing. The 17th largest cryptocurrency by market cap is down more than 2% in the last 24 hours.
At the time of writing, SNT is trading at $0.0264. The 395th largest cryptocurrency by market cap is down more than 1% over the past day.
ETH is trading at $3,385 and is down more than 2% over the last 24 hours.
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