Chainlink is once again outperforming real-world crypto assets with more development

Chainlink (LINK), the native token of the decentralized blockchain oracle network built on Ethereum, has re-emerged as the top real-world asset with the most development activity in the past 30 days.

According to a Santiment tweet, LINK is followed by Synthetix (SNX), Centrifuge (CFG) and Oraichain (ORAI).

The main RWAs with the most development

Real-world assets are cryptocurrencies that represent physical assets such as property and objects. Like other crypto assets, they run on smart contracts and blockchains and have been gaining popularity recently, with a market cap in the billions of dollars.

Santiment determines which real-world assets are seeing significant developer activity by pulling the GitHub data of their projects from the repositories through a back-testing process to ensure that only teams’ efforts to innovate and improve are included. The chain analytics company compiles the list of the ten most developed projects by counting their non-redundant GitHub activity and averaging their daily data over the past 30 days.

Using the methodology, Santiment found LINK to be the most developed real-world asset in the crypto sector. The cryptocurrency also topped the list in April, generating 2.49 times more daily activity than Synthetix, which ranked second at the time. In May, Chainlink recorded developer activity of 428.83, roughly 45 points higher than its April activity of 383.03.

LINK to watch the Superior Rally

It is worth noting that SNX and CFG held the second and third place on the list after LINK, with GitHub activities increasing significantly, indicating a growing interest in the projects. Oraichain overtook Dusk Foundation to take fourth place, while the latter fell to fifth.

Santiment noted that MakerDAO and Polymesh also emerged as notable risers, climbing two positions. On the other hand, IX Swap dropped to eighth place as MakerDAO overtook it. Projects like Defactor appeared on the list while Creditcoin left.

Chainlink’s sustained development activity coincides with LINK’s 25% rally last month and analysts’ belief that the digital asset could continue to rise in the coming months. Predictions are confirmed by the increased activity of LINK whales, daily transaction volume and major partnerships with traditional financial heavyweights.

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