Santiment Reports Ethereum-Based Altcoin Takes the Lead in Development Activity within the Real-World Assets Sector
Santiment, a blockchain analytics platform, has identified an Ethereum-based altcoin project that is leading in the real-world asset (RWA) sector in terms of development activity. According to Santiment, Chainlink, a blockchain oracle, has the highest daily activity on the development hosting platform GitHub. It is experiencing more than double the development activity of the second most active project, Synthetix, a decentralized finance (DeFi) crypto that enables the creation of synthetic assets on Ethereum.
Santiment has compiled a ranking list of the top real-world assets based on development activity. The list includes Chainlink, Synthetix.io, Centrifuge, Dusk, Oraichain, Creditcoin, IX Swap, Maker, Polymesh Network, and Reserve Rights.
Additionally, Santiment notes that the native asset of Tellor, a decentralized oracle protocol, is outperforming most other digital assets this month. Tellor’s market cap has doubled since the beginning of May, and there has been a sudden increase in whale transactions and address activity, indicating potential profit taking.
At the time of writing, Tellor is trading at $111.64, with a 16% increase in the last 24 hours. Investors are advised to conduct their own research before making any high-risk investments in Bitcoin, cryptocurrency, or digital assets. The Daily Hodl, where this article was sourced from, does not provide investment advice or act as an investment advisor.