Synthetix (SNX), dYdX (DYDX), and Osmosis (OSMO) Top the List of DeFi-Related Coins by Notable Development Activity in the Past 30 Days

Software development activities in the cryptocurrency world provide important clues about the future and potential of projects. According to Santiment’s latest report, DeFi altcoins such as DYDX coin were determined to be the most focused on by software developers in the last month.

Software development activities, which provide important clues about the future and potential of cryptocurrency projects, are closely followed by crypto enthusiasts. In this context, Santiment’s latest report revealed which DeFi altcoins software developers focused on the most in the past month. This data, which shows the development speed of the projects and how active the developer community is, is of great importance for investors who want to follow the promising projects closely.

SNX, OSMO and DYDX coin are at the top

According to Santiment’s data, software developers worked mostly on Synthetix (SNX) in the last month. SNX ranks first with a developer score of 233.87. This score, which shows the intense interest of the developer community in SNX, also reveals the amount of improvements made to the project. Synthetix is a platform that allows the trading of synthetic assets in the field of decentralized finance (DeFi) and draws attention with its innovative approach in this field.

Here are crypto's top DeFi-related coins by notable development activity in the past 30 days.

Directional indicators represent each project's ranking rise or fall since last month:

1) @synthetix_io $SNX 🥇

2) @dydx $DYDX 🥈

3) @osmosiszone $OSMO 🥉

4)… pic.twitter.com/aPT9GiYlfZ

In second place is dYdX (DYDX). DYDX, which was the leader last month, fell to second place this month with 224.93 points. dYdX has an important place among decentralized exchanges and is especially known for the solutions it offers regarding derivative products. The interest of the developer community can be considered as an indicator of the project’s effort to constantly deliver innovative products.

In third place is Osmosis (OSMO). OSMO ranks third this month, as it did last month, with a developer score of 167.57. Osmosis is an AMM (automatic market maker) platform within the Cosmos ecosystem that allows users to exchange tokens. This platform draws attention with the flexibility and innovative features it offers to its users.

What were the other prominent altcoins?

According to Santiment’s list, other DeFi altcoins that software developers have focused on the most in the last 30 days are as follows:

- Curve Finance (CRV)

- Aave (AAVE)

- Lido Finance (LDO)

- Balancer (BAL)

- Chainlink (LINK)

- Maker (MKR)

- Compound (COMP)

- SushiSwap (SUSHI)

- Yearn.Finance (YFI)

- Convex Finance (CVX)

- Frax Finance (FXS)

- Hop Protocol (HOPR)

- Orca (ORCA)

- Serum (SRM)

- Unstoppable Domains (UDS)

- Keep Network (KEEP)

- The Graph (GRT)

- Celer Network (CELR)

- dForce (DF)

- CREAM Finance (CREAM)

- Marlin Protocol (POND)

- ASTRO (ASTRO)

- Kava (KAVA)

- Ampleforth (AMPL)

- Automata Network (ATA)

- Balancer (BAL)

- Bancor (BNT)

- CREAM Finance (CREAM)

- dForce (DF)

- Hop Protocol (HOPR)

- Keep Network (KEEP)

- Marlin Protocol (POND)

- ASTRO (ASTRO)

- Ampleforth (AMPL)

- Automata Network (ATA)

- Balancer (BAL)

- Bancor (BNT)

- Celer Network (CELR)

- Chainlink (LINK)

- Compound (COMP)

- Convex Finance (CVX)

- CREAM Finance (CREAM)

- Curve Finance (CRV)

- dForce (DF)

- Frax Finance (FXS)

- Hop Protocol (HOPR)

- Keep Network (KEEP)

- Lido Finance (LDO)

- Marlin Protocol (POND)

- ASTRO (ASTRO)

- Ampleforth (AMPL)

- Automata Network (ATA)

- Balancer (BAL)

- Bancor (BNT)

- Celer Network (CELR)

- Chainlink (LINK)

- Compound (COMP)

- Convex Finance (CVX)

- CREAM Finance (CREAM)

- Curve Finance (CRV)

- dForce (DF)

- Frax Finance (FXS)

- Hop Protocol (HOPR)

- Keep Network (KEEP)

- Lido Finance (LDO)

- Marlin Protocol (POND)

- Ampleforth (AMPL)

- Automata Network (ATA)

- Balancer (BAL)

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