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Crypto Dev Rankings: Chainlink Ranked #1 in DeFi for Development Momentum

Chainlink has emerged as the top DeFi project in terms of development momentum, according to blockchain analytics platform Santiment’s latest rankings. This new achievement is seen as a testament to the network’s unwavering commitment to innovation and growth within the decentralized finance (DeFi) segment.

Santiment’s rankings are based on GitHub commits and code contributions over the past 30 days. According to these findings, Chainlink has maintained its position as the most actively developed DeFi project during this period. This extraordinary development activity is a testament to the network’s relentless drive for progress within the burgeoning DeFi market.

Chainlink’s dominance in this arena can be attributed to its unique ability to underpin smart contracts with trustworthy data feeds. This capability has solidified its role as a fundamental infrastructure component within the DeFi ecosystem.

DeepBook Protocol (DEEP) takes the second spot on Santiment’s rankings, boasting an impressive development activity score of 193.57. As a pioneering player in decentralized exchange protocols and liquidity provision, DeepBook is garnering attention from the broader DeFi community for its innovative approaches.

DeFiChain (DFI), which focuses exclusively on decentralized finance within the Bitcoin ecosystem, ranks third with a score of 152 points. Its dedication to expanding the reach of DeFi beyond Ethereum has made it an essential component in the sector’s ongoing development.

Synthetix (SNX) places fourth, having made significant contributions to the DeFi space through the creation of synthetic assets on the Ethereum blockchain. Babylon (BABY), which concentrates on enhancing decentralized exchange features, takes fifth place with a score of 99.3.

Source: www.crypto-news-flash.com