According to cryptocurrency analytics firm Santiment, decentralized oracle network Chainlink (LINK) continues to lead all ERC-20 projects in terms of recent development activity.
Santiment points out that Chainlink has registered 401.53 notable GitHub events in the last 30 days.
The Oracle Project also ranked first in June, recording 560.6 major events over 30 days.
Status (SNT) ranked second with 370.73 events registered in the last 30 days. Status aims to provide users with a secure messaging app, crypto wallet, and web 3 browser through open source, peer-to-peer protocols, and end-to-end encryption.
Ethereum (ETH) itself ranked third with 272.43 events.
Santiment notes that it uses “better methodologies” to collect data on GitHub events based on “backtested processes” rather than counting routine updates.
The analytics firm has previously said that active development around a crypto 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 $12.32 at the time of writing. The 17th largest cryptocurrency by market cap is down more than 5% in the last 24 hours.
SNT is trading at $0.0232 at the time of writing. The 415th largest cryptocurrency by market cap is down about 7% over the past day.
At the time of writing, ETH is trading at $3,129, down about 6% over the last 24 hours.
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