🔥🔥🔥 Santiment Reveals Top #rwa #altcoins : #Chainlink Takes the Lead
Santiment, a prominent financial market data platform, recently shared its analysis of the top Real-World Asset (RWA) coins in the cryptocurrency space. By examining GitHub activity and development frequency, Santiment has identified the leading RWAs based on their active projects and growth trends over the past 30 days.
- Chainlink Emerges as the Leader
According to Santiment's research, Chainlink (LINK) stands out as the frontrunner in the RWA sector, displaying more than triple the development activity compared to its closest competitors. Here's a closer look at Chainlink's significance and its trajectory:
Despite recent bearish market conditions, Chainlink has demonstrated remarkable resilience. During the ongoing bull market, Chainlink has experienced significant growth, with LINK surging nearly 160% over the past year. This surge can be attributed in part to Chainlink's continuous development efforts, such as the introduction of Chainlink Automation 2.0.
- Synthetix, Oraichain, and the Top 5
Following Chainlink, other top contenders in the RWA space identified by Santiment include Synthetix ($SNX ), Oraichain (ORA), Maker ($MKR ), and Dusk Foundation ($DUSK ), comprising the top 5.
Oraichain (ORAI) is currently priced at $14.83, experiencing a 3.80% decline in the past week amidst the bearish market sentiment. However, ORAI reached its peak three years ago on February 19, 2021, hitting an all-time high of $105.76. Since then, it has retreated by 85.91% from its ATH.
Other notable RWAs in the top 10 list identified by Santiment's analysis include Centrifuge, Plymesh Network, Bonson Protocol, Reserve Protocol, and Propy Inc.
While each project may adopt different approaches to integrate real-world assets, collectively, these tokens have contributed to the growing intersection of blockchain technology and traditional assets.
Source - coinpedia.org