Ethereum-based altcoin project Chainlink (LINK) is taking the lead in the real-world asset (RWA) sector, according to blockchain analytics platform Santiment. Santiment’s latest report reveals that Chainlink is dominating in terms of development activity on GitHub, with more than double the daily activity compared to the second most active project, Synthetix (SNX).
The ranking list provided by Santiment showcases the top real-world assets by development, with Chainlink securing the top spot followed by Synthetix.io, Centrifuge (CFG), Dusk (DUSK), Oraichain (ORAI), Creditcoin (CTC), IX Swap (IXS), Maker (MKR), Polymesh Network (POLYX), and Reserve Rights (RSR).
In addition to Chainlink’s impressive performance, Santiment also highlights the success of Tellor (TRB), the native asset of decentralized oracle protocol Tellor. TRB has seen significant growth this month, doubling in market cap since the beginning of May. The sudden spikes in whale transactions and address activity suggest potential profit-taking opportunities for TRB holders.
At the time of writing, Tellor is trading at $111.64, marking a 16% increase in the last 24 hours. This positive price action further solidifies the strong performance of both Chainlink and Tellor in the cryptocurrency market.
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