Santiment has released a ranking of the top 10 DeFi altcoins that crypto developers are focusing on, based on activity from public GitHub repositories.
Research Methodology
Santiment analysts compiled this list based on code changes in open-source cryptocurrency projects. The company claims it uses a system to prevent fake changes from inflating developer activity metrics.
Ranking Changes
The new list shows significant changes. Chainlink (LINK) has reclaimed the top spot, significantly widening the gap ahead of the second-ranked altcoin. Notably, DeFiChain (DFI), known for price drops and with a low market cap of $5.4 million, is at the top of this list.
Complete List of Active Altcoins
1. ChainLink (LINK) – 492.87 2. DeepBook Protocol (DEEP) – 264.83 3. DeFiChain (DFI) – 221.77 4. Synthetix (SNX) – 151.53 5. Liquidity (LQTY) – 126.73 6. Lido DAO Token (LDO) – 116.17 7. Injective (INJ) – 99 8. Babylon (BABY) – 85.3 9. Coinbase Wrapped BTC (CBBTC) – 79.6 10. FOX Token (FOX) – 67.47
Santiment's ranking highlights the changing landscape of developer activity within DeFi altcoins and the importance of monitoring technical engagement in this sector.
