Crypto Development Activity Climbs, But Market Volumes Show Signs of Weakness

• Crypto projects report strong development but face sharp drops in daily trading volumes.
• iExec RLC, ICP, and Chainlink lead development despite price and volume declines.
• Sui and DeepBook Protocol record notable price gains amid broader market caution.

According to new data, crypto projects have reported a surge in development activity over the past month. However, despite strong technical progress, daily trading volumes across the market declined, signalling cautious sentiment among investors.

iExec RLC (RLC) recorded the highest growth activity score in the past 30 days, achieving 995.83 points. The token’s price increased by 0.75% to $1.258494. Nevertheless, RLC’s trading volume dropped 53.52% to $3.36 million. The project’s market capitalization now stands at $91.09 million, ranking it at 480 among crypto assets.

Internet Computer (ICP) secured the second-highest development score at 838.43. Despite this, ICP’s price declined by 3.35% to $5.10. Trading volume also fell 32.66% to $53.69 million. ICP holds a market capitalization of $2.71 billion and ranks 69th in overall valuation.

Chainlink (LINK) posted a growth activity score of 618.17. The asset’s price dropped 1.82% to $14.54, and its trading volume contracted by 33.36% to $255.93 million. LINK’s market capitalization stands at $9.55 billion, ranking it 29th in the crypto market.

Starknet, Cardano, and Optimism Record Mixed Results

Starknet (STRK) posted a 30-day development score of 407.87. With a 12.64% decline in trading volume to $24.45 million, STRK’s price fell by 3.93% to $0.0149284. Starknet’s current market cap is $433.71 million, ranking it at 193.

Cardano (ADA) achieved a growth activity score of 344.4. ADA’s price fell 1.48% to $0.696756, while its trading volume declined sharply by 46.04% to $504.51 million. ADA holds a $24.59 billion market cap, maintaining 18th in the crypto rankings.

Optimism (OP) followed with a development score of 343. OP’s price dropped by 1.94% to $0.805622. Trading volume decreased by 35.46% to $82.77 million. OP’s market capitalization stands at $1.33 billion, ranking it 102nd overall.

DeepBook and Sui Show Strong Price Gains

DeepBook Protocol (DEEP) reported a 5.43% price gain to $0.175822, despite a 23.69% decline in trading volume to $81.82 million. DEEP currently has a market capitalization of $537.66 million, placing it at rank 180.

Sui (SUI) posted the strongest price growth among the top ten projects. The token rose 5.92% to $3.62, although trading volume dropped by 41.47% to $1.33 billion. SUI’s market cap now stands at $11.77 billion, ranking 25th among all cryptocurrencies.

Ethereum and Polkadot Reflect Broader Market Trends

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, saw a 1.1% price increase to $1,806.30. However, trading volume for ETH declined by 33.43% to $10.34 billion. Ethereum’s market capitalization remains strong at $218.06 billion, securing its position behind Bitcoin.

Polkadot (DOT) rounded the list with a 2.82% price drop to $4.12. Trading volume for DOT fell by 35.44% to $117.31 million. Its market capitalization is now $6.46 billion, ranking it at 41.

Despite major development efforts across leading crypto projects, the broader market displayed uncertainty, which was reflected in decreasing daily trading volumes. While certain assets, such as Sui and DeepBook Protocol, posted gains, the general decline in liquidity suggests that many investors are approaching the market with increased caution.