Chainlink (LINK) Tops List of Real World Asset (RWA) Projects by Development Activity, Santiment Reports

Blockchain analytics platform Santiment published a list on X of the top Real World Asset (RWA) projects by development activity. Chainlink (LINK) secured the top spot, followed by Synthetix (SNX), Dusk (DUSK), Oraichain (ORAI), Sky (SKY), Maker DAO (MKR), Polymesh (POLYX), KlimaDAO (KLIMA), IX Swap (IXS), and Centrifuge (CFG).

Blockchain analytics platform Santiment published a list on Monday of the top 10 Real World Asset (RWA) projects by development activity. Chainlink (LINK) secured the top spot, followed by Synthetix (SNX), Dusk (DUSK), Oraichain (ORAI), Sky (SKY), Maker DAO (MKR), Polymesh (POLYX), KlimaDAO (KLIMA), IX Swap (IXS), and Centrifuge (CFG).

In its post, Santiment highlighted the rapid development growth in these blockchain-based RWA ecosystems. Chainlink’s development activity has surged by an impressive 14,450%, while Synthetix saw a 45.31% increase.

Interestingly, development activity on Dusk remained stable despite the recent release and update of its web wallet and block explorer. The Dusk developers are actively working on iterations, feature rollouts, and improvements to enhance the user experience.

Other notable increases in development activity include Oraichain (263.64%), Sky (528.57%), Maker (528.57%), and Polymesh (633.33%). KlimaDAO, IX Swap, and Centrifuge also maintained consistent development activity.

RWA Token Prices Surge

The prices of the native tokens for these ecosystems have also shown bullish momentum in the past 24 hours. MKR jumped 10.82% to $1,271.96; DUSK climbed 11.67% to $0.1814; SNX increased 12.14% to $1.43; ORAI rose 8.83% to $5.76; IXS gained 25.12% to $0.4643; SKY is up 9.89% to $0.05420; KLIMA surged 8.16% to $1.66; POLYX rose 8% to $0.2181; and CFG is up 8.7% to $0.3023.

Meanwhile, the price of Chainlink’s LINK token also saw a significant increase, rising 12.18% to $11.79. The token ranks 14th in the cryptocurrency market by total capitalization, which currently stands at $7.39 billion.

Despite a 5.38% decrease in the price of LINK since November 2023, the token appears set for a rally in this cycle. According to the TradingView chart, the Relative Strength Index (RSI) for LINK is at 55.30, indicating that the bulls are currently in control. The upward gradient of the RSI line suggests that further price increases are possible in the near future.

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