Decentralized Oracle Network Chainlink Continues Run As Most-Developed Job in the DeFi Sector: Santiment
The decentralized oracle network Chainlink (LINK) continues to dominate the crypto’s decentralized finance (DeFi) sector in terms of development activity, according to the analytics firm Santiment. Santiment notes in a new post on the social media platform X that Chainlink registered 363.73 notable GitHub events in the previous thirty days. The figure far exceeds the second-ranked DeFi project, DeepBook Protocol (DEEP), which recorded 193.57 events. The DeepBook project is a decentralized central limit order book (CLOB), used by exchanges to facilitate trading between traders by recording quotes and offers.
Third on the list is DeFiChain (DFI), a layer-1 protocol specifically designed for decentralized finance apps. The project logged 152 notable GitHub events in the past month. Chainlink, DeepBook, and DeFiChain also held the top three positions on the list last month. Santiment emphasizes that it excludes regular updates and employs a “better methodology” to gather GitHub event data based on a “backtested process.”
The analytics firm has previously stated that significant development activity concentrated around a crypto project is a positive indicator, suggesting that developers are confident in the project’s success and reducing the likelihood of it being an exit scam. LINK is currently trading at $12.83. The 17th-ranked crypto asset by market cap has seen a decrease of over 2% in the last 24 hours.
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