New data from market intelligence platform Santiment shows 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 say the emerging sector is led by decentralized oracle network, followed by Ethereum (ETH)-based synthetic asset maker Synthetix (SNX) and privacy-focused tokenization project Dusk Foundation (DUSK).
According to the data, Chainlink had nearly 394 notable GitHub events in the past 30 days, while Synthetix and Dusk Foundation scored 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 rose to fourth and fifth place respectively, while seeing 25.9 and 21.7 notable GitHub events in the past month.
Previously, data analytics platform Glassnode noted that Chainlink’s on-chain momentum was rising, while also pointing to its rising price and improving fundamentals.
“While LINK’s price increase was clearly driven by speculative and short-term market activity, its fundamentals are also improving.
The momentum of active addresses is trending upward, 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 almost two years, and futures open interest (OI) just rose 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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Generated image: Midjourney
