News and Analytics

0

Santiment Discovers Leading RWA Altcoins: Chainlink in the Lead

Apr 2, 2024

The recent insights shared by Santiment, a prominent financial market data platform, shed light on the top Real-World Asset (RWA) coins in the cryptocurrency space. By examining the frequency of development and active projects on GitHub, Santiment has compiled a list of RWAs that stand out based on their progress and ongoing initiatives.

According to Santiment's analysis, Chainlink emerges as the dominant player in the RWA sector, displaying significantly higher development activity compared to its closest competitors. Despite market fluctuations, Chainlink has maintained its position and even managed to make substantial profits during previous bullish trends, with a nearly 160% surge in the past year attributed in part to continuous advancements like the Chainlink Automation 2.0.

In addition to Chainlink, other significant RWA coins identified by Santiment include Synthetix (SNX), Oraichain (ORA), Maker (MKR), and Dusk Foundation (DUSK), which make up the top 5 list. Oraichain, for example, has experienced a 3.80% decline in the past week, impacting its performance in the global crypto market.

The remaining coins in the top 10 RWA list, as found by Santiment, consist of Centrifuge, Plymesh Network, Bonson Protocol, Reserve Protocol, and Propy Inc. Each of these projects plays a role in advancing the intersection of blockchain technology and traditional assets, showcasing the evolving landscape of cryptocurrency integration.

Comments

Latest analytics

Do Kwon and His...

Do Kwon and His Role in the Collapse of the Terra Ecosystem:...

Pawswap: Decentralized...

Pawswap: Decentralized Exchange for the Shibarium Ecosystem

Show more

Latest Dapp Articles

Show more

You may also like