New Developments in the Real-World Assets Sector: Chainlink Leads the Way
Recent data from market intelligence platform Santiment has shed light on the latest developments in the real-world assets (RWA) sector, with Chainlink (LINK) emerging as a frontrunner in terms of development activity. According to Santiment, the decentralized oracle network is spearheading the sector, followed by Ethereum (ETH)-based synthetic asset creator Synthetix (SNX) and privacy-focused tokenization project Dusk Foundation (DUSK).
Over the past 30 days, Chainlink recorded an impressive 394 notable GitHub events, showcasing its active development efforts. Synthetix and Dusk Foundation also demonstrated strong activity with 176.6 and 34.7 notable GitHub events respectively. Other notable digital assets making waves in the RWA sector include Polymesh (POLYX) and Maker (MKR), with 25.9 and 21.7 notable GitHub events in the last month.
Prior to this, data analytics platform Glassnode highlighted Chainlink’s increasing on-chain momentum, along with its rising price and strengthening fundamentals. The platform noted that while the surge in LINK’s price was driven by speculative market activity, its fundamentals were also on the rise. Active addresses momentum was trending higher, and the token hit its highest price in nearly two years, coinciding with a surge in futures open interest to an all-time high of $770.27 million.
As of the time of writing, LINK is trading at $28.10, marking a 2% decrease on the day. SNX, DUSK, POLYX, and MKR are trading at $3.11, $0.283, $0.364, and $2,069 respectively.
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