Chainlink Dominates Real World Assets Development Surpassing Synthetix

As per an X post by Santiment, a platform that follows crypto data, Chainlink is currently at the forefront of development activity for Real World Assets (RWA). The post highlights that Chainlink’s daily activity is 2.49 times higher than the next most active project, Synthetix, in the RWA sector.

🧑‍💻 Here are #crypto's top #RealWorldAssets by development. This list is compiled by counting any non-redundant #github activity, and averaging this daily activity over the past 30 days. #Chainlink currently produces 2.49x more daily activity than the next most active project,… pic.twitter.com/vy6sFCUZyh
— Santiment (@santimentfeed) May 6, 2024

Using its approach, Santiment collects these statistics by tracking and averaging the daily activity of community and open-source projects on GitHub over the previous 30 days. This tries to provide a detailed account of the project’s progress, including key milestones and novel features.

Chainlink (LINK) has a current price of $14.51 at the time of writing, with a 24-hour trading volume of $337,289,932 and a market capitalization of $8,518,112,122. It has a circulating supply of 587,099,970 LINK coins out of a maximum supply of 1,000,000,000 LINK coins.

The 2nd ranked project, Synthetix (SNX), costs of $2 .78 and 24 trading hours trading volume of $22,953,239, and market capitalization at $912,254,309. However, CFG is in the third position in terms of development activity and has a price of $0.708578. With the trading volume of $1,470,828 within 24hrs and market cap of $348,929,483.

Dusk (DUSK) is another project worth noting, with a current price of $0.336325, a 24-hour trading volume of $14,557,732, and a market cap of $141,648,097. It has a circulating supply of 421,164,409 DUSK coins.

Moreover, Oraichain (ORAI) price is quoted at $11.43, a 24-hour trading volume of $2,230,408 while Creditcoin (CTC) is priced at $0.733440, with a 24-hour trading volume of $69,819,848. Additionally, IX Swap (IXS) has a price of $0.585819, with a 24-hour trading volume of $835,889.

Maker is trading at $2,830.84 on a 24-hour volume of $64,718,457. The market valuation is $2,619,736,768, with 925,426 MKR coins in circulation and a maximum supply of 1,005,577 MKR coins.

Polymesh is presently trading at $0.411210, with a 24-hour volume of $69,442,199. Reserve Rights (RSR) is now valued at $0.006809, with a 24-hour trading volume of $26,344,826. RSR’s market valuation is $344,556,776, with 50,600,000,000 RSR coins in circulation and a maximum supply of 100,000,000,000 RSR coins.