- iExec RLC’s development surged past top Ethereum-linked projects this month.
- Whale movement signals renewed interest in Ethereum’s long-term ecosystem growth.
Based on new data from Santiment, developer activity among Ethereum-linked projects is shifting. iExec RLC has climbed to the top, pushing Chainlink to second place. Ethereum remains third, supported by consistent core development. The change signals increased competition in the infrastructure, cloud computing, and DeFi sectors.
Source: Santiment
iExec RLC (RLC) Surpasses Top Projects with 1,000 GitHub Events
Santiment reported that iExec RLC recorded 1,000 GitHub activity events in the last 30 days, the highest among Ethereum-based projects. These metrics only count non-automated updates to reflect genuine development. iExec, a decentralized cloud computing platform, currently holds a market cap of $76.8 million.
The platform moved ahead of larger-cap tokens, indicating growing attention from its developer community. Santiment’s report credits this to meaningful code activity such as commits and pull requests.
Source: Coinmarketcap
RLC is trading at $1.08, rising from its recent low of $1.0492. The data places iExec RLC ahead of familiar projects that previously led the rankings.
Chainlink (LINK) Drops to Second as Sentiment Turns Cautious
Chainlink registered 721.33 GitHub events in the same period, falling to second place. Development continues around data feeds, staking tools, and infrastructure improvements. The LINK token is trading at $12.64 with a market cap of $8.23 billion.
Source: Santiment
Santiment highlighted a rare drop in crowd sentiment for LINK, with more negative mentions logged than usual. Analysts like Anton Kharitonov noted this has happened only three or four times in 2024. He added that these periods often precede accumulation phases, as traders reassess market positions. Despite the sentiment shift, development activity remains steady.
Ethereum (ETH) Holds Third Amid Whale Activity and Core Upgrades
Ethereum ranked third with 331.27 GitHub events, according to Santiment’s tracking. Development continues on scalability, modular design, and security upgrades. Ethereum’s market cap is $319.34 billion, the highest of any listed project.
Source: Nansen
However, a dormant whale address (0x71555c…) transferred 1,000 ETH, worth $1.6 million, to Binance after over a year of inactivity. The ETH originated from withdrawals made five to seven years ago. The transaction was split into two parts and routed to Binance-linked wallets. The main address involved was (0x26B3d…), and analysts monitor the wallet for further movement.
Other projects also saw rising development momentum. Status (SNT) ranked fourth with 190.63 events. The Graph (GRT) followed with 185.93, and Decentraland (MANA) reached 181.2. Lido DAO (LDO), sUSD, Synthetix (SNX), and Holochain (HOT) completed the top 10, showing wide activity across DeFi, staking, indexing, and virtual environments.
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