According to analytics firm Santiment, decentralized oracle network Chainlink (LINK) continues to outpace all other ERC-20 projects in terms of growth. Specifically, Chainlink has logged 624.17 notable events on GitHub over the past 30 days, more than double the 298.8 of second-place Ethereum (ETH).

Decentralized finance (DeFi) protocol Synthetix (SNX) came in third with 289.93 notable events.

Source: Santiment

ERC-20 is a standard that developers use to issue tokens on the Ethereum blockchain and virtual machine.

Earlier, Santiment analysts noted that the active development of a crypto project indicates that the developers believe in the protocol. In addition, real efforts significantly reduce the likelihood of an "exit scam".

LINK is currently trading at $11.39, ranking 18th among cryptocurrencies by market capitalization. ETH has slightly increased in price and rose to $2,575, ranking second in the ranking just behind Bitcoin.

Synthetix's native asset SNX is valued at $1.58, which places it at 130th place in the overall cryptocurrency rankings.