June 3, 2023

JIC News

The latest cryptocurrency market news for today.

Chainlink up 17% Over Weekend, Outperforming Ethereum by Daily Dev Activity

1 min read

Santiment on-chain analytics agency has shared the reason why Chainlink gained almost 17% over the weekend.

Source: u.today

The 22-ranked cryptocurrency is now changing hands at $18.65, according to CoinMarketCap.

Chainlink surpasses ETH and BTC by dev activity

According to the recent tweet published by Santiment, Chainlink has surpassed the second largest crypto platform, Ethereum, by development activity; this can be seen by significant updates on Github made recently every day.

According to the chart shared by Santiment, LINK developers have been making 304 major update submissions per day.

The chart also shows that LINK dev activity has been higher not only than that of Ethereum but of Bitcoin as well.

LINK has been one of the most popular cryptocurrencies recently, along with FTX Token (FTT) and Shiba Inu (SHIB) meme cryptocurrency. Several of these largest ETH whales actively bought LINK in January and at the start of February as well.

At the moment, LINK is down 64.80% from its historic peak of $52.88 reached on May 10, 2021.

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