Developers Are Flocking to These DeFi Projects – Chainlink Dominates the Pack

Over the past month, Chainlink has emerged as the clear frontrunner, with a development score of 311.43 — well ahead of the rest of the sector.

Rising and Falling Projects

Trailing behind Chainlink is DeepBook Protocol, logging 188.5 in development activity. DeFiChain secured third place at 148.5, despite its token price falling sharply over the same period. Babylon (124.17) and FOX Token (85.87) rounded out the top five, reflecting ongoing developer commitment even as market conditions remain volatile.

Liquidity (LQTY), Lido DAO (LDO), Injective (INJ), Aave (AAVE on Ethereum), and Morpho (MORPHO) also made the list, with scores ranging from 35 to 81. All of these protocols have shown sustained coding contributions despite price turbulence.

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Prices Tell a Different Story

The rankings highlight a frequent contrast in crypto: high developer activity doesn’t always line up with bullish price action. Chainlink, which boasts a market cap of $15.5 billion, recently traded at $22.67 after steep declines in daily performance. DeepBook Protocol sits at $0.1312, down nearly 3% in 24 hours, while DeFiChain dropped 17% in the same timeframe to $0.0035.

Babylon and FOX Token also saw single-digit daily losses, reflecting a broader pullback across the DeFi sector even as development teams continue to build.

Why It Matters

Santiment’s development activity tracker is often used as a proxy for long-term project health, since active GitHub repositories suggest ongoing upgrades, maintenance, and community contributions. While token prices may swing in the short term, projects with higher developer engagement are often seen as better positioned for future growth and adoption.

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