Chainlink (LINK) Leads Real-World Assets (RWA) Sector in Terms of Recent Development Activity

New data from market intelligence platform Santiment reveals that Chainlink (LINK) is leading the real-world assets (RWA) sector in terms of recent development

Chainlink (LINK) is leading the pack among real-world assets (RWA) in terms of recent development activity, according to new data from market intelligence platform Santiment.

In a new post on the social media platform X, the firm reports that the nascent sector is being spearheaded by the decentralized oracle network, followed by Ethereum (ETH)-based synthetic asset creator Synthetix (SNX) and privacy-focused tokenization project Dusk Foundation (DUSK).

As per the data, Chainlink had close to 394 notable GitHub events over the past 30 days, while Synthetix and Dusk Foundation clocked in 176.6 and 34.7, respectively.

Other digital assets of note on the list include Polymesh (POLYX), a layer-1 designed for tokenized securities, and decentralized finance (DeFi) protocol Maker (MKR).

Polymesh and Maker moved up to fourth and fifth place respectively while seeing 25.9 and 21.7 notable GitHub events during the last month.

Previously, data analytics platform Glassnode noted that Chainlink’s on-chain momentum was on the rise, while also pointing towards its surging price and improving fundamentals.

“While LINK’s price surge was clearly driven by speculative and short-term market activity, its fundamentals are improving too. Active addresses momentum is trending higher, with the short-term SMA (simple moving average) of 6,682 still above the long-term SMA of 5,878…

Chainlink’s token LINK has hit its highest price in nearly two years, and futures open interest (OI) just surged to an all-time high of $770.27 million!”

LINK is trading for $28.10 at time of writing, a 2% decrease on the day while SNX, DUSK, POLYX, and MKR are trading for $3.11, $0.283, $0.364, and $2,069, respectively.