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Here Are the Top DeFi Projects by Development (Santiment)
While the cryptocurrency market struggles with a prolonged correction, certain sectors are still witnessing considerable development activity. One of these sectors is decentralized finance (DeFi). According to an analysis shared by on-chain intelligence platform Santiment, here are the top DeFi projects by development in the last 30 days.
Chainlink, DeFiChain, and DeepBook took the top spots in terms of development, with Chainlink’s Ethereum-based protocol leading the charge. The network’s development activity score hovered around 547.5 over the past month, a significant milestone considering its potential impact on the industry.
In other news, Coinbase Wrapped Bitcoin (CBBTC), which was launched by the prominent US crypto exchange in September last year, is seeing notable development. As an asset that is backed 1:1 by bitcoin (BTC), CBBTC’s value follows the same trajectory as the leading cryptocurrency, currently valued at $83,849.
Other projects such as Lido Finance and Liquidity have also seen a considerable surge in their development activity.
Source: https://cryptopotato.com/here-are-the-top-defi-projects-by-development-santiment/
