Chainlink, the pioneering crypto for RWA, once again eclipses its competitors

Chainlink (LINK), the native token of the decentralized oracle network, has recently regained the top spot among real-world crypto assets (RWA) in terms of development activity, surpassing popular projects such as Synthetix and Centrifuge.

An Unquestioned Dominance in the RWA Market

For two consecutive months, April and May, Chainlink recorded the most sustained development activity among real-world assets.

According to data from Santiment, the blockchain analytics company, the Ethereum-based decentralized oracle maintained its top spot in May, showing an average daily development activity of 428.83. This is a nearly 12% increase from April and 2.5 times higher than its closest competitor, Synthetix.

Santiment evaluates development activity by extracting GitHub data from projects and focusing only on concrete efforts in innovation and improvement. Not only did Chainlink maintain its leadership in May, but it also significantly increased its activity from April, rising from 383.03 to 428.83.

This sustained development activity demonstrates the vitality of the Chainlink network and its LINK token. It coincides with LINK’s 25% rally during the month of May and fuels analysts’ optimistic forecasts for the coming months.

Synthetix (SNX) and Centrifuge (CFG) are ranked second and third respectively among the most prolific real-world crypto assets, but with a substantial gap compared to the leader Chainlink.

The Cross-Chain Oracle with Global Reach

Since its creation in 2017, Chainlink has established itself as one of the most used and reliable blockchain oracle networks for integrating real-world data into smart contracts. Today, the protocol already secures more than $1.1 billion in crypto assets.

Its success is partly due to its decentralized architecture, which allows developers worldwide to propose their own oracles after a rigorous verification process.

Supported by a fervent community, Chainlink continues to forge strategic partnerships, such as its recent ones with financial institution SWIFT and Google Cloud. These partnerships contribute to its growing recognition and continuous development.