Currencies32904
Market Cap$ 2.82T-0.26%
24h Spot Volume$ 24.48B+1.06%
DominanceBTC58.82%+0.01%ETH7.75%+0.23%
ETH Gas0.37 Gwei
Cryptorank
MainNewsEthereum-Bas...

Ethereum-Based Altcoin Leads Real-World Assets Sector in Development Activity, According to Santiment


May, 09, 2024
2 min read
by The Daily Hodl

Blockchain analytics platform Santiment says one Ethereum (ETH)-based altcoin project is leading in the real-world asset (RWA) sector based on development activity.

Santiment says that blockchain oracle Chainlink (LINK) is seeing the greatest amount of daily activity on the development hosting platform GitHub.

LINK Is seeing more than two times the amount of development activity compared to the second most active blockchain project, Synthetix (SNX), a decentralized finance (DeFi) crypto that allows synthetic asset creation on Ethereum.

“Here are crypto’s top real-world assets by development. This list is compiled by counting any non-redundant GitHub activity, and averaging this daily activity over the past 30 days. Chainlink currently produces 2.49x more daily activity than the next most active project, Synthetix, in the RWA sector.”

Santiment’s ranking list is as follows: 1. Chainlink 2. Synthetix.io 3. Centrifuge (CFG) 4. Dusk (DUSK) 5. Oraichain (ORAI) 6. Creditcoin (CTC) 7. IX Swap (IXS) 8. Maker (MKR) 9. Polymesh Network (POLYX) 10. Reserve Rights (RSR).

Image
Source: Santiment/X

Santiment also says that the native asset of decentralized oracle protocol Tellor (TRB) is outperforming most other digital assets so far this month.

“Tellor is one of the top performing assets thus far in May, exactly doubling in market cap since the calendar month turned. Whale transactions and address activity have both seen sudden spikes, which are suggesting potential TRB profit takes.”

Image
Source: Santiment/X

Tellor is trading for $111.64 at time of writing, up 16% in the last 24 hours.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Ethereum-Based Altcoin Leads Real-World Assets Sector in Development Activity, According to Santiment appeared first on The Daily Hodl.

Read the article at The Daily Hodl

Read More

Solana Jumps in Price After PayPal and Venmo Roll Out Support for SOL and Chainlink (LINK)

Solana Jumps in Price After PayPal and Venmo Roll Out Support for SOL and Chainlink (LINK)

Solana defied the crypto market doldrums and surged by more than 5% on Friday after t...
Apr, 06, 2025
2 min read
by The Daily Hodl
Analyst Says Top-10 Altcoin Setting the Stage for a Big Crash, Outlines Path Forward for Bitcoin and Chainlink

Analyst Says Top-10 Altcoin Setting the Stage for a Big Crash, Outlines Path Forward for Bitcoin and Chainlink

Crypto analyst and trader Ali Martinez is leaning bearish on one large-cap altcoin as...
Apr, 05, 2025
2 min read
by The Daily Hodl
MainNewsEthereum-Bas...

Ethereum-Based Altcoin Leads Real-World Assets Sector in Development Activity, According to Santiment


May, 09, 2024
2 min read
by The Daily Hodl

Blockchain analytics platform Santiment says one Ethereum (ETH)-based altcoin project is leading in the real-world asset (RWA) sector based on development activity.

Santiment says that blockchain oracle Chainlink (LINK) is seeing the greatest amount of daily activity on the development hosting platform GitHub.

LINK Is seeing more than two times the amount of development activity compared to the second most active blockchain project, Synthetix (SNX), a decentralized finance (DeFi) crypto that allows synthetic asset creation on Ethereum.

“Here are crypto’s top real-world assets by development. This list is compiled by counting any non-redundant GitHub activity, and averaging this daily activity over the past 30 days. Chainlink currently produces 2.49x more daily activity than the next most active project, Synthetix, in the RWA sector.”

Santiment’s ranking list is as follows: 1. Chainlink 2. Synthetix.io 3. Centrifuge (CFG) 4. Dusk (DUSK) 5. Oraichain (ORAI) 6. Creditcoin (CTC) 7. IX Swap (IXS) 8. Maker (MKR) 9. Polymesh Network (POLYX) 10. Reserve Rights (RSR).

Image
Source: Santiment/X

Santiment also says that the native asset of decentralized oracle protocol Tellor (TRB) is outperforming most other digital assets so far this month.

“Tellor is one of the top performing assets thus far in May, exactly doubling in market cap since the calendar month turned. Whale transactions and address activity have both seen sudden spikes, which are suggesting potential TRB profit takes.”

Image
Source: Santiment/X

Tellor is trading for $111.64 at time of writing, up 16% in the last 24 hours.

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Ethereum-Based Altcoin Leads Real-World Assets Sector in Development Activity, According to Santiment appeared first on The Daily Hodl.

Read the article at The Daily Hodl

Read More

Solana Jumps in Price After PayPal and Venmo Roll Out Support for SOL and Chainlink (LINK)

Solana Jumps in Price After PayPal and Venmo Roll Out Support for SOL and Chainlink (LINK)

Solana defied the crypto market doldrums and surged by more than 5% on Friday after t...
Apr, 06, 2025
2 min read
by The Daily Hodl
Analyst Says Top-10 Altcoin Setting the Stage for a Big Crash, Outlines Path Forward for Bitcoin and Chainlink

Analyst Says Top-10 Altcoin Setting the Stage for a Big Crash, Outlines Path Forward for Bitcoin and Chainlink

Crypto analyst and trader Ali Martinez is leaning bearish on one large-cap altcoin as...
Apr, 05, 2025
2 min read
by The Daily Hodl