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Oracle Network Chainlink Witnesses More Recent Development Activity Than Any Other ERC-20 Project: Santiment

August 3, 2024
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Oracle Network Chainlink Witnesses More Recent Development Activity Than Any Other ERC-20 Project: Santiment


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The decentralized oracle community Chainlink (LINK) continues to steer all ERC-20 initiatives when it comes to current improvement exercise, in line with the crypto analytics agency Santiment.

Santiment notes that Chainlink registered 401.53 notable GitHub occasions prior to now 30 days.

The oracle undertaking additionally topped the list in June, clocking in 560.6 notable occasions over a 30-day interval.

Standing (SNT) ranked second prior to now 30 days, registering 370.73 occasions. Standing goals to supply customers a safe messaging app, crypto pockets and web3 browser through an open-source, peer-to-peer protocol and end-to-end encryption.

Ethereum (ETH) itself ranked third, clocking 272.43 occasions.

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Supply: Santiment

Santiment notes that it doesn’t rely routine updates and makes use of a “higher methodology” to gather knowledge for GitHub occasions based mostly on a “backtested course of.”

The analytics agency has beforehand said that heavy improvement exercise centered round a crypto undertaking signifies builders imagine within the protocol. Growth exercise additionally means that the undertaking is much less more likely to be an exit rip-off.

LINK is buying and selling at $12.32 at time of writing. The Seventeenth-ranked crypto asset by market cap is down greater than 5% prior to now 24 hours.

SNT is buying and selling at $0.0232 at time of writing. The 415th-ranked crypto asset by market cap is down practically 7% prior to now day.

ETH is buying and selling at $3,129 at time of writing and is down practically 6% prior to now 24 hours.

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