- Chainlink leads Defi development with the highest momentum score and remains dominant in smart contract infrastructure.
- Despite the strong development activity, the price fall in Chainlink is falling and trading activity drops by more than 22%.
Blockchain Analytics platform Santiment Santiment has in its latest ranking arranged Chain link (link) if the top Defi project based on development momentum, reaching a no more than Development activity score of 363.73. This ranking indicates Chainlink The greatest focus on growth and innovation within the decentralized financial segment.
The data from Santiment, Tracking Github findings and code interviews, it appears that Chainlink has retained its position as the most actively developed Defi project in the past 30 days. The central possibility of the network to support smart contracts with reliable data trees has cemented its role as a core infrastructure within the Defi Ecosystem.
Source: X
Rising Stars in Defi Development
DeepBook protocol (DEEP) follows a meticulous chain link in development activity and takes second place with a score of 193.57. DeepBook is aimed at Decentralized exchange protocols And liquidity determination, attracting attention within the Defi community for its innovations. As an emerging player within the markets, DeepBook continues to take crucial steps and become a core component of the development of Defi.
Defichain (DFI) is in third place with 152 points. Known for its dedication to decentralized financing within the Bitcoin ecosystem, Defichain extends Defi’s reach further than Ethereum, so that new roads in the sector are opened. Synthetix (SNX) is in fourth place with a development activity score of 107.37, with important contributions to the Defi space, especially by creating synthetic assets on the Ethereum -Blockchain. Babylon (baby) completes the top five, scores 99.3, aimed at improving decentralized exchange functions.
Other projects such as Lido Dao (LDO), Liquity (LQT) and Injective (Inj) also contribute considerably to Defi. Such projects have been instrumental players in building many decentralized financial sectors such as stake and decentralized derivatives.
Chainlink’s growing role outside development
Since the development of Chainlink development continues to lead the peloton, the project is expanding its scope even further from code contributions. In a previous article, CNF unveiled That chain link worked with MasterCard To make cryptocurrency within reach.
This initiative is intended to allow 3 billion MasterCard card holders direct access to the chain as Crypto. Chainlink supplies its decentralized Oracle Network to facilitate the safe interoperability between the Mastercard and Crypto space payment platform.
Despite his remarkable development activity, Link has seen a decrease in its price. The price has almost been reduced in the last 24 hours 3%changing hands $ 13.04. This decrease is accompanied by a decrease in commercial activity, which falls by more than 22%, which yields the daily commercial value to $ 284.45 million.
