Top! Chainlink Number 1 in RWA Project Development

Bittime - Chainlink (LINK), the native token of the decentralized blockchain oracle network, is back in the spotlight. This crypto asset topped the ranking in real-world asset development activity (RWA) over the last 30 days.

Chainlink Became the Best in Last 2 Months

Chainlink achieved this achievement for two months in a row, indicating the growth of innovation in the Chainlink ecosystem. This achievement is based on analysis by Santiment, a company that provides on-chain data analysis, which monitors developer activity on the GitHub platform.

Santiment's methodology focuses on non-duplicative activities, ensuring only product development and improvement counts. In this way, Santiment assesses which projects have the most developer activity in the real-world crypto asset space.

Chainlink's dominance strengthened last May. Chainlink developer activity on GitHub was recorded at 428.83, up 45 points compared to April (383.03).

This figure is 2.49 times higher than Synthetix (SNX) which was in second place in April. This increase in developer activity indicates Chainlink's focus on bringing innovation and continuous improvement to their products.

LINK Price Boost

Chainlink's positive trend doesn't stop there. Analysts believe LINK's price increase of 25% in the last month is a signal of potential further price increases.

This is supported by increased LINK whale activity, daily transaction volume, as well as strategic collaborations with well-known traditional financial companies.

Real World Assets (RWA): Connect the Digital and Physical Worlds

Real-world crypto assets (RWA) are crypto tokens that represent physical assets such as property and other objects of value. Just like other crypto assets, RWA operates using smart contracts and blockchain.

RWA's market capitalization currently reaches billions of US dollars (equivalent to IDR 16 trillion), making it an attractive investment instrument.

The rapid development of RWA has also triggered an increase in development activity. Santiment uses GitHub data as a key indicator to measure developer activity in the RWA space. Increased developer activity on a particular RWA project reflects the interest and growth potential of that project.

LINK Remains at the Top, New RWA Players Appear

Even though Chainlink is firmly at the top, competition in the RWA space is increasingly fierce. SNX and CFG managed to maintain second and third positions, with a surge in developer activity on GitHub. This indicates growing interest in both projects.

Oraichain managed to overtake Dusk Foundation and occupy fourth place. Meanwhile, MakerDAO and Polymesh experienced an increase in ranking by two positions. On the other hand, IX Swap dropped to eighth position after being overtaken by MakerDAO. The Defactor project is a newcomer, while Creditcoin falls off the list.

Conclusion

The dynamics of this ranking movement illustrates healthy competition in the RWA realm. Increased developer activity is a strong indicator that RWA projects continue to innovate and strive to improve the quality of their products. These improvements will ultimately benefit RWA investors and users as a whole.