The decentralized oracle network Chainlink (LINK) continues to surpass all other ERC-20 projects in terms of development activity, according to crypto analytics firm Santiment.
Santiment notes on social media platform
The oracle project was also at the top of the list in June and August.
Decentralized finance (DeFi) protocol Synthetix (SNX) came in third with 289.93 notable GitHub events.
An ERC-20 project is a standard that developers use to issue tokens on the Ethereum blockchain and virtual machine.
Santiment notes that it does not count routine updates and uses a “better methodology” to collect data for GitHub events based on a “backtested process.”
The analytics company has done that before said that heavy development activity around a crypto project indicates that developers believe in the protocol. Development activity also suggests the project is less likely to be an exit scam.
LINK is trading at $11.39 at the time of writing. The 18th-ranked crypto asset by market capitalization is up 1.6% in the past 24 hours.
ETH is trading at $2,575 at the time of writing and is up almost 4% in the past day.
Synthetix’s own asset, SNX, is trading at $1.58 at the time of writing. The 130th-ranked crypto asset by market capitalization is up more than 6% in the past 24 hours.
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