Here are the top 10 Defi projects in development activity.

TL; DR

Some of the DeFi projects that make the list include Synthetix, Uniswap, and Osmosis.
The methodology for measuring development activity focuses on identifying meaningful programming events on blockchains, focusing on community size and other factors.

The same leaders

Crypto analytics platform Santiment recently ranked the top 10 decentralized finance (DeFi) projects in terms of monthly development activity.

Synthetix Network, with an index of 266.57, takes the first place. The price of Native token SNX increased by 5% on a 30-day scale, currently trading at $1.40 (according to CoinGecko data). Still, it's well above the annual high of $5.10 set in March and the all-time high of $27 seen in February 2021.

Didix (DYDX) comes in second with an index of 170.93. Unlike the SNX, the asset's price has fallen sharply in the past month, falling nearly 15% and falling below $1. It is interesting to note that SNX and DYDX rank high in previous research.as well.

Lido DAO Token (LDO) and Injective (INJ) climbed the ladder and now occupy the third and fourth positions respectively. Osmosis (OSMO) has lost some ground and rounded Top 5 list.

Another DeFi project is on the way. They include Uniswap (UNI), FOX Token (FOX), Centrifuge (CFG), Maker (MKR), and Origin DeFi Management (OGV).

Research methodology

The team behind Santiment he said. The Ecosystem Dev Activity Dashboard shows software development events created on various blockchains and their associated dApps.

“These events are carefully vetted and premeditated. Be a representative Real programming process, i.e. no low cost actions they are. picked up Taking into consideration. In this way, any crypto-curA cruel person can easily see. They say Very active crypto ecosystems out,” the working group explained.

The group went on to argue that paying attention to the size of the community behind each project is important to understanding how many members are developers and active contributors to the ecosystem.

“This can be assessed by looking at their activity on GitHub. The more development activity a project has, the more likely it is that their product will grow Being adopted by users,” the statement said.

Last but not least, Santiment He said a word of disbelief There is a difference between development activity and GitHub activity. The former It takes into account Only selected types of events (except commits, forks, comments, project management events, etc.). GitHub Activity, On the other hand, it covers all kinds of situations except execution.

“One of the key differences between Dev Activity and GitHub Activity is that Dev Activity allows for fair comparisons between different organizations. This “Some of the events that are excluded in Dev Activity are related to issues and comments,” the team concluded.