Decentralized Oracle Network Chainlink Leads Real-World Assets Sector in Recent Development Activity: Santiment
New data from market intelligence platform Santiment reveals that Chainlink (LINK) is leading the real-world assets (RWA) sector in terms of recent development activity.
In a new post on the social media platform X, Santiment says the nascent sector is being led by the decentralized oracle network followed by Ethereum (ETH)-based synthetic asset creator Synthetix (SNX) and privacy-focused tokenization project Dusk Foundation (DUSK).
According to the data, Chainlink had nearly 394 notable GitHub events during the past 30 days while Synthetix and Dusk Foundation clocked in with 176.6 and 34.7, respectively.
Other notable digital assets on the list include Polymesh (POLYX), a layer-1 designed for tokenized securities, and decentralized finance (DeFi) protocol Maker (MKR).
Polymesh and Maker moved up to fourth and fifth place respectively while seeing 25.9 and 21.7 notable GitHub events during the last month.
Previously, data analytics platform Glassnode noted that Chainlink’s on-chain momentum was on the rise, while also pointing toward its surging price and improving fundamentals.
“While LINK’s price surge was clearly driven by speculative and short-term market activity, its fundamentals are improving too.
Active addresses momentum is trending higher, with the short-term SMA (simple moving average) of 6,682 still above the long-term SMA of 5,878…
Chainlink’s token LINK has hit its highest price in nearly two years, and futures open interest (OI) just surged to an all-time high of $770.27 million!”
LINK is trading for $28.10 at time of writing, a 2% decrease on the day while SNX, DUSK, POLYX, and MKR are trading for $3.11, $0.283, $0.364, and $2,069, respectively.
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