Data from cryptanalytics company Santiment shows that decentralized oracle network Chainlink (LINK) continues to outpace other ERC-20 projects in terms of development activity.
Santiment noted on social media platform X that #Chainlink has logged 624.17 notable events on GitHub over the past 30 days, more than double that of the #Ethereum (ETH) project, which ranked second with 298.8.
the Oracle project also ranked first in June and August.
Synthetix (SNX), a decentralized financial protocol (DeFi), ranked third with a notable 289.93 events on GitHub.
The ERC-20 project is a standard used by developers to issue tokens on the Ethereum blockchain and virtual machine.
Santiment notes that it disregards routine updates and uses best practices to collect event data on GitHub based on proven processes.
The analyst firm previously said that the high level of developer activity around crypto projects indicates that developers believe in the protocol. Developer activity also indicates that the project is unlikely to be a scam.
At the time of writing, LINK is trading at $11.39. The crypto-asset, which ranks 18th in terms of market capitalization, has gained 1.6% over the past 24 hours.
#ETH is trading at $2,575 at the time of writing and has gained almost 4% over the past 24 hours.
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