New data from the analytics platform Santiment reveals a sustained concentration of developer activity within the real-world asset (RWA) sector, even as token prices face downward pressure. The report highlights a stable hierarchy of projects, with Chainlink (LINK) firmly leading the pack.
Chainlink boasts the highest development activity score at 280.07, reinforcing its position as the sector's primary infrastructure player for tokenized data and asset connectivity. With a market value nearing $10 billion, its leadership in developer commitment is unsurprising. Following Chainlink, Hedera (HBAR) and Avalanche (AVAX) form the next tier with scores of 190.42 and 165.33, respectively.
The rankings show notable stability, with no project changing its position from the previous month. This suggests a pattern of long-term commitment rather than short-term experimentation. The list continues with Stellar (XLM) at 142.15, IOTA (IOTA) at 131.98, Axelar (AXL) at 118.60, Chia Network (XCH) at 110.44, VeChain (VET) at 102.27, Injective (INJ) at 95.31, and Centrifuge (CFG) at 88.92.
A key finding is the divergence between developer enthusiasm and market performance. Most RWA-aligned tokens have posted negative price movements recently, with VeChain (VET) noted for a particularly sharp decline. This disconnect indicates that development teams are prioritizing infrastructure building over short-term price action, a common trait in maturing sectors.
The sustained focus on the RWA sector is significant as tokenized assets are increasingly linked to enterprise blockchain adoption, payments, and capital markets. This developer commitment points to where innovation pipelines are being directed and may signal which networks are best positioned to capture future institutional demand when market sentiment improves.
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