Analytics firm Santiment has released data highlighting the top blockchain projects by developer activity in the Real-World Assets (RWA) sector, a rapidly growing narrative in cryptocurrency focused on tokenizing tangible assets like real estate, commodities, and financial instruments. Chainlink (LINK) leads the pack with a developer activity score of 372.03, significantly outpacing Hedera (HBAR) at 214.03 and Avalanche (AVAX) at 138.8, based on GitHub commits and updates over the past 30 days.
The ranking, which reflects active code development and infrastructure investment, also includes Stellar (XLM) at 97.53, IOTA (IOTA) at 75.03, Chia Network (XCH) at 51.5, Axelar (AXL) at 51.27, Centrifuge (CFG) at 45.97, Injective (INJ) at 44.63, and VeChain (VET) at 42.57. Notably, Hedera, IOTA, Chia Network, Axelar, Centrifuge, and Injective saw improved rankings, while Stellar and VeChain experienced minor declines.
Chainlink's dominance is attributed to its decentralized oracle network, which provides critical infrastructure for integrating real-world data into blockchains, enabling tokenized assets to reflect real-time prices and conditions. The project has expanded partnerships and its Cross-Chain Interoperability Protocol (CCIP), positioning it as a key player in RWA scalability. Meanwhile, Hedera and Avalanche are advancing enterprise adoption strategies, targeting use cases such as supply chain tokenization and financial settlements.
Despite strong developer momentum, Chainlink's price remains in a consolidation phase, trading at $18.06 with a 4.8% drop in the last 24 hours and a 2.4% weekly decline. Technical indicators suggest LINK is in a healthy accumulation zone, with RSI around 56 and MACD pointing to potential short-term stability. Analysts view the $17–$18 range as a key area for accumulation, anticipating future breakouts as institutional adoption grows.
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