ERC-20 Coins See Development Activity Amid Speculations About ETH ETF Approval

The Ethereum network is getting significant attention as community members are speculating about the likely ETH ETFs.Santiment, a famous crypto market intelligence forum, has listed the top ERC-20 coins that see substantial rates of regular development activity while the SEC likely intends to approve ETH ETFs. The analytics provider took to X to disclose the details about the overall market scenario.

🧑‍💻 With #Ethereum's network on most traders' minds with May prices blossoming and the #SEC's approval of the first #ETF looming, here are #crypto's top #ERC20 related coins, sorted by notable daily development activity rates over the past 30 days:

1) @chainlink $LINK 🥇
2)… pic.twitter.com/SklE4VKHEP

— Santiment (@santimentfeed) May 22, 2024

Santiment Offers a List of Top Ten ERC-20 Coins Seeing an Upsurge in Development Activity

Santiment provided a list of ERC-20 tokens that are rising to a great extent. As per the company, these coins have reportedly experienced enormous rates of development activity during the last thirty days. $LINK, the native token of Chainlink, has occupied the 1^st position among the above-mentioned tokens. Chainlink operates as a well-known tech and crypto platform offering interaction services to blockchain entities for external data.

In addition to this, the 2^nd token in the list is the ERC-20 coin $SNT of Status. Status works as a decentralized and open-source crypto communication application. It takes into account a browser, a wallet, a messenger, as well as communities. As Santiment disclosed, according to the past 30-day activity, $ETH (Ethereum Foundation’s local token) obtains the 3^rd position.

Apart from that, the analytics platform placed $MANA in the 4^th position. $MANA operates as the native coin of Decentraland which is a virtual world facilitating creators. Santiment moved on to list the $AUDIO token at the 5^th spot. It is an ERC-20 token that Audius utilizes on its platform. Audius is a platform that offers services dealing with music streaming along with ownership and monetary power.

Santiment also included $SUSD in its list of the top crypto assets witnessing remarkable development activity. $SUSD is a stablecoin that gets support from crypto assets. The decentralized finance platform Synthetix issues the $SUSD token. $SNX, another token from Synthetix, comes next.

The Analytics Platform Intends to Guide Traders and Investors against Potential Risks

Holo, a marketplace for hosting distributed cloud services for peer-to-peer apps, has also witnessed an increased development activity for $HOT. Following that, the native coin of the decentralized company API3 stands in the 9^th position. In the end, the Graph protocol’s $GRT coin occupies the tenth position. Santiment brought to the front that the provision of this information would assist traders and investors in avoiding potential risk.