The world of decentralized finance (DeFi) continues to evolve at a rapid pace, with numerous projects vying for the attention of developers and investors alike. In a recent tweet, Santiment, a leading crypto analytics platform, revealed the top 10 DeFi-related coins based on their development frequency over the past 30 days.
To compile this list, Santiment counted any non-redundant activity on the projects’ GitHub repositories and averaged the daily activity over the past 30 days. This approach provides a clear picture of the level of development and commitment behind each project, offering valuable insights for investors and enthusiasts.
What you'll learn 👉
Osmosis (OSMO) Takes the Crown
Osmosis (OSMO), a decentralized exchange based on the Cosmos ecosystem, tops the list. Osmosis has demonstrated the highest development frequency among DeFi projects, indicating a strong focus on innovation and continuous improvement. The project’s commitment to expanding its features and capabilities has not gone unnoticed by the crypto community.
DYDX and Synthetix (SNX) Follow Closely
Coming in at second place is dYdX (DYDX), a decentralized derivatives exchange that has been making waves in the DeFi space. The high development frequency suggests that the dYdX team is actively working on enhancing the platform’s functionality and user experience.
Synthetix (SNX), a decentralized synthetic asset issuance protocol, takes the third spot. The project’s consistent development efforts highlight its dedication to expanding the range of synthetic assets available and improving the overall ecosystem.
Radix (XRD) and ShapeShift (FOX) Round Out the Top 5
Radix (XRD), a layer-one protocol designed for building decentralized applications (dApps), ranks fourth in terms of development frequency. The project’s focus on scalability and developer-friendly tools has attracted significant attention from the DeFi community.
ShapeShift (FOX), a decentralized exchange and self-custody platform, secures the fifth position. The high development activity indicates that the ShapeShift team is actively working on expanding the platform’s capabilities and user experience.
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Show more +Uniswap (UNI) and Lido Finance (LDO) Showcase Strong Development
Uniswap (UNI), one of the most popular decentralized exchanges in the DeFi ecosystem, ranks sixth in terms of development frequency. The project’s commitment to continuous improvement and innovation has solidified its position as a leader in the space.
Lido Finance (LDO), a liquid staking solution for Ethereum 2.0, takes the seventh spot. The high development activity suggests that the Lido team is actively working on enhancing the platform’s features and expanding its offerings.
Jupiter (JUP), Bancor (BNT), and Centrifuge (CFG) Complete the Top 10
The Solana blockchain powers Jupiter (JUP), a decentralized exchange aggregator that ranks eighth in terms of development frequency. The project’s focus on providing users with the best prices and liquidity has garnered significant attention from the DeFi community.
Bancor (BNT), a decentralized liquidity protocol, secures the ninth position. The high development activity indicates that the Bancor team is actively working on improving the platform’s functionality and expanding its use cases.
Centrifuge (CFG), a decentralized asset financing protocol, completes the top 10 list. The project’s commitment to bridging the gap between real-world assets and DeFi has attracted significant interest from investors and developers alike.
The top 10 DeFi coins by development frequency, as revealed by Santiment, showcase the projects that are actively pushing the boundaries of decentralized finance. These projects’ dedication to continuous improvement and innovation is a testament to the growing maturity and potential of the DeFi ecosystem.
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