Data released by Santiment indicates that Chainlink (LINK) has exceeded Cardano (ADA) in terms of development activity within the cryptocurrency space. This specific metric gauges the efforts of developers on a project’s public GitHub repository using events, providing a more precise measurement compared to commits. Chainlink has outperformed Cardano with over 451 events recorded in the last 30 days, showcasing its progress in this area. Concurrently, other projects like Polkadot (DOT) and Kusama (KSM) have witnessed a decline in their rankings, while Ethereum (ETH) has shown improvement but remains in the ninth position in this category.
Despite the increase in development activity for Chainlink, it’s important to note that this may not have an immediate impact on its price. However, it does reflect the strong dedication of its developers, signaling a positive outlook for the project’s sustainability in the long run. As of the latest data, Chainlink is currently trading at approximately $18, with a 7% decrease observed over the previous week. This information suggests a promising trajectory for the future viability of the project.
Image credits: iStock.com, Santiment.net, chart from TradingView.com
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