Real-World Asset Development Surges, Chainlink in Front

Blockchain analytics platform Santiment published a list on X of the top Real World Asset (RWA) projects by development activity. Chainlink (LINK) secured the top spot, followed by Synthetix (SNX), Dusk (DUSK), Oraichain (ORAI), Sky (SKY), Maker DAO (MKR), Polymesh (POLYX), KlimaDAO (KLIMA), IX Swap (IXS), and Centrifuge (CFG).

In its post, Santiment highlighted the rapid development growth in these blockchain-based RWA ecosystems. Chainlink’s development activity has surged by an impressive 14,450%, while Synthetix saw a 45.31% increase.

Interestingly, development activity on Dusk remained stable despite the recent release and update of its web wallet and block explorer. The Dusk developers are actively working on iterations, feature rollouts, and improvements to enhance the user experience.

Other notable increases in development activity include Oraichain (263.64%), Sky (528.57%), Maker (528.57%), and Polymesh (633.33%). KlimaDAO, IX Swap, and Centrifuge also maintained consistent development activity.

RWA Token Prices Surge

The prices of the native tokens for these ecosystems have also shown bullish momentum in the past 24 hours. MKR jumped 10.82% to $1,271.96; DUSK climbed 11.67% to $0.1814; SNX increased 12.14% to $1.43; ORAI rose 8.83% to $5.76; IXS gained 25.12% to $0.4643; SKY is up 9.89% to $0.05420; KLIMA surged 8.16% to $1.66; POLYX rose 8% to $0.2181; and CFG is up 8.7% to $0.3023.

LINK Price Trajectory Looks Optimistic

Chainlink is currently the 14th-largest cryptocurrency by market cap, at $7.39 billion. The price of LINK increased 12.18% in the past 24 hours to $11.79. Despite a 5.38% drop since November 2023, LINK appears poised for a rally in this cycle.

According to the TradingView chart, the Relative Strength Index (RSI) for LINK is at 55.30, indicating that bulls are in control. The upward gradient of the RSI line suggests that further price increases are possible in the near future.