According to the latest data of centimeter Analytical Company, the decentralized Oracle Network Chainlink $13.13In the crypto sector, it continues to stand out in terms of development activities among the decentralized finance projects. The company says Chainlink has renewed its own record with its 363.73 important GitHub event in the last 30 days and has left its competitors behind.
Summit in developer activity
After Chainlink, Deepbook Protocol is the second. Deepbook Protocol was left behind Chainlink with 193,57 events, while Defichain, the third place, recorded 152 Github in the last 30 days. Deepbook draws attention with the use of central limit order book system for decentralized trading transactions. Defichain stands out as a Layer-1 protocol focusing on decentralized financial practices.
According to data, Chainlink, Deepbook Protocol and Defichain were the top three last month. This indicates that these projects maintain their developer interest in a stable way. Santimement states that it does not take into account routine updates while collecting data on the development activity, and that it uses a “retrospective tested yeni methodology to make a healthier measurement.
Meaning of the development activity
According to centimeter, the determination of intensive development activity in a project may show the belief of developers working in that protocol to the project. This kind of activity can be interpreted as the project is adopted by a larger community and strengthens its sustainability. It is also stated that the active development process may be an indication that the project does not have a risk of fraud.
Santimement: “Intensive development activity may be an indication of the project’s success potential and long -term sustainability. It may also imply that the risk of fraud is low.”
The important activities recorded on Github are considered as an indication of code updates and developers’ contributions to the project. However, while routine technical updates are not taken into account, serious structural changes or new features are prioritized.
Market Reflections and Prices
Chainlink (LINK) seems to be important in terms of market value. At the time of the news, the price of LINK is $ 12.83 and ranks 17th in terms of market value. In the last 24 -hour slice, the price of LINK has decreased by more than 2 percent.
It is stated that the measurement of Santimement for development activity is not an investment advice. It is not claimed to have a direct relationship between price movements and development activity in crypto assets, but the active project communities and developers is often shown as a positive sign. The Daily Hodl Platform recommends investors to conduct their own research and take into account their personal risks.
Chainlink, Deepbook and Defichain’s regularly on the top of the list on a monthly basis may also reflect the confidence in these projects before developers. The intensity of project development in the crypto sector is important in terms of understanding the point and the level of innovation of competition.
The development activities of the prominent projects in the decentralized financial sector can be considered as an indicator of trust for investors. However, the high technical activities is not considered sufficient in terms of investment alone. Other basic indicators and market conditions are also recommended to monitor.
It can be said that there may be an incompatibility between short -term fluctuations in crypto currency prices and long -term technical developments of projects. The assessment of market participants together with technical and basic indicators can help them make more conscious investments. Development activities can give an idea about the investments made by projects in technology and the size of the ecosystem, but it should not be the only source of the investment decision.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
