According to new data released by market intelligence platform Santiment, Chainlink (LINK), is the leader in real-world assets sector (RWA), based on recent activity.
Santiment, in a post published on social media platform X says that the new sector will be led by decentralized oracle networks followed by Ethereum-based Synthetix and the privacy-focused Dusk Foundation.
Chainlink registered 394 notable GitHub activities in the last 30 days, while Synthetix and Dusk Foundation clocked 176.6 and 34.7%, respectively.
The list also includes Polymesh, a layer-1 for tokenized assets and the decentralized finance protocol (DeFi), Maker (MKR).
Polymesh and Maker climbed up from fourth to fifth respectively, with 25.9 and 21.7% of notable GitHub activities in the past month.
Glassnode, a data analytics platform, had previously noted the on-chain growth of Chainlink, as well as its surging prices and improved fundamentals.
While LINK’s recent price increase was driven primarily by speculative, short-term trading activity, the fundamentals of its business are also improving.
The momentum of active addresses is on the rise, as the SMA (6-month simple moving average) at 6,682 remains above the SMA (5-year SMA) of 5,878…
Chainlink’s token LINK just hit its highest value in two years and the futures open interests (OIs) have surged up to a record high $770.27 Million!”
LINK was trading at $28.10 as of the time this article was written, a 2% decline on the day. SNX is currently trading at $3.11 while DUSK and POLYX are each trading at $0.283, $0.364, $2.069 and respectively.
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The post Decentralized Oracle Network chainlink leads Real-World Assets sector in recent development activity: Santiment can be updated as new developments unfold.
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