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Home»Altcoins»Decentralized Oracle Network Chainlink Leads Real-World Asset Sector in Recent Development Activity: Santiment
Altcoins

Decentralized Oracle Network Chainlink Leads Real-World Asset Sector in Recent Development Activity: Santiment

December 14, 2024No Comments2 Mins Read
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New data from market intelligence platform Santiment reveals that Chainlink (LINK) leads the real-world assets (RWA) sector in terms of recent development activity.

In a new post on social media platform privacy-focused Dusk Foundation (DUSK). .

According to the data, Chainlink has recorded nearly 394 notable GitHub events over the past 30 days, while Synthetix and Dusk Foundation have recorded 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 climbed to fourth and fifth places respectively while seeing 25.9 and 21.7 notable GitHub events over the past month.

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Source: Santiment/X

Previously, data analytics platform Glassnode noted that Chainlink’s on-chain momentum was on the rise, while also highlighting its rising prices and improving fundamentals.

“While LINK’s price rise has clearly been driven by speculative and short-term market activity, its fundamentals are also improving.

Active address momentum is on the rise, with the short-term SMA (simple moving average) of 6,682 still above the long-term SMA of 5,878…

Chainlink’s LINK token has reached its highest price in almost two years, and open interest (OI) futures just surged to an all-time high of $770.27 million! »

LINK is trading at $28.10 at the time of writing, down 2% on the day, while SNX, DUSK, POLYX, and MKR are trading at $3.11, $0.283, $0.364, and 2,069, respectively. $.

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

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