The most important decentralized finance (DeFi) projects in terms of development over the last 30 days
Despite ongoing market corrections, the decentralized finance (DeFi) sector continues to witness strong development activity.
According to the blockchain analysis platform “Santiment”, projects like Chainlink (LINK), Uniswap (UNI), and Injective (INJ) top the list of the most developed protocols in the last 30 days.
The most notable projects in terms of development:
The “Chainlink” project: Led development with a score of 547.5 points, despite LINK's price dropping by 22% over the last 30 days.
The “DeFiChain” project: The second highest project in terms of development activity with a score of 265.3 points, but the price of DFI fell by 40% to reach $0.0069.
The “DeepBook on Sui” project: Recorded 254.17 points, but the value of DEEP declined by 50% during the month.
The “Synthetix” project: Recorded 195.13 points, and the SNX token decreased along with the rest of the market by 13.6% to $0.83.
The “Wrapped BTC” project: Ranked fifth with an activity score of 148.3 points, which is linked to the price of Bitcoin.
Projects like “Lido Finance” and “Liquidity” also saw increased activity, while the “Injective” and “Uniswap” projects ranked ninth and tenth, respectively.
Despite the growth in the development of DeFi projects, most cryptocurrencies associated with them are experiencing price declines, reflecting the gap between technological advancement and the current market performance.