Chainlink saw a considerable spike in developer activity in June as the decentralized oracle network climbed into second spot behind Hedera, according to data by market intelligence platform Santiment.
According to Santiment analysis, Hedera remained crypto’s top coins in terms of GitHub activity. However, Chainlink developer data from its GitHub repository showed a surge in the number of events in the past 30 days, with the project rising to 2nd.
Chainlink’s deloper activity spiked in June
Santiment revealed in a post on X on July 1 the list of top 10 projects as per number of GitHub events in June.
The ranking is based on a calculation of development activity by “counting any non-redundant activity.” The platform then averaged the data based on daily activity for a 30-day leaderboard.
While Hedera continues to lead by 759 GitHub events, Chainlink (on Ethereum) counted 526 events to rank second.
Optimism (OP) ranks third over the past 30 days with 481 events, while Internet Computer (ICP) comes in fourth with 434. Per the details, Cardano (ADA), Status (SNT), Cosmos (ATOM), ZKsync (ZK), Starknet (STRK) and Aptos (APT) complete the top 10.
— Santiment (@santimentfeed) July 1, 2024🧑💻 Here are crypto's top coins by development frequency. Hedera remains at the top spot, with Chainlink sliding into the #2 position.
The below list is sorted by counting any non-redundant activity from a project, and averaging this daily activity over the past 30 days. Arrows… pic.twitter.com/pcmfFC7QVz
How did these coins perform this past month?
The ranking for the top crypto coins by developer activity for June contrasts with the market performance of these projects. Other than the newly launched Starknet and ZKsync that experienced huge volatility after their airdrops, the other coins fell as the broader market tumbled in the past month.
HBAR dropped 25% in June, while LINK, OP, ICP and ADA ended the month with their prices 22%, 28%, 32% and 10% respectively. Cosmos Hub and Aptos tokens shed 19% and 22% over the 30 days.
Despite this, the high count of developer activity suggests robust network development for these projects. That also means potential product growth and user adoption, Santiment pointed out.
For instance, the Chainlink team has released an adoption update for this past week. The announcement indicates there were 12 integrations of six Chainlink services across 8 blockchain networks – including Arbitrum, Avalanche, Base, BNB Chain, Ethereum, and Polygon.
One of these integrations is Chainlink Data Streams launch on Avalanche.