Ethereum (ETH), the Layer-1 blockchain, was conceived by Vitalik Buterin and launched in 2015. Over the years, developers have favored Ethereum for its use in blockchain and decentralized applications (dApps) development.
Chainlink Leads High Developer Engagement
Over the years, many protocols and crypto infrastructures have come to rely on the Ethereum ecosystem. In a recent update, Santiment, an on-chain market intelligence platform, listed projects built on the Ethereum blockchain and their performances.
Santiment ranks those Ethereum-based projects by their development activity over the past month. The ranking relies on their GitHub development activity and tracks code commits, updates, and overall contributions from developers.
Interestingly, according to the ranking, five out of the top 10 ETH-based projects have remained the same as last month. These include Chainlink, Starknet, Ethereum, EigenLayer, and Fuel Network.
Chainlink (LINK) is the most active project, possibly due to its continued improvements in oracles and smart contract integrations. It operates on the Ethereum blockchain with LINK as its native currency.
The Chainlink network runs as a large open-source community. It has consistently retained the top spot with 691.07 notable GitHub events. Additionally, the ecosystem has flipped $20 trillion in transaction value-enabled (TVE) since 2022. That emphasizes its massive adoption in the global market.
One unique feature of Chainlink is that it is one of the first networks to allow for the integration of off-chain data into smart contracts. Its consistent lead in development activity and role in DeFi give it an edge and significance in the Ethereum ecosystem.
Other Ethereum Projects in the Top Five Ranking
In second place is Starknet (STRK), a Layer-2 scaling solution that uses ZK rollups to improve security, privacy, and scalability. It was designed to reduce transaction costs while increasing speed without compromising Ethereum’s security.
The third-ranked project is Ethereum, which maintains its ranking from last month. It is the foundational blockchain famous for its robust ecosystem and ongoing upgrades, which target increasing scalability, sustainability, and security.
Ethereum is the major backbone for many projects, particularly Layer-2 scaling solutions. Analysts have highlighted that its commitment to upgrades remains crucial for the broader blockchain ecosystem that relies on it.
The fourth-ranked project is the EigenLayer staking protocol. EigenLayer allows users to leverage Ethereum’s security to manage off-chain applications. Its users can stake ETH and earn rewards, providing revenue streams for stakers.
The fifth-ranked project is the Fuel Network (FUEL), a Layer-2 rollup that aims to scale Ethereum. It primarily focuses on high-throughput transactions and powers networks like Optimism.
Altcoin Market Set to Gain Momentum Amid Shifting U.S. Policies
Meanwhile, amid these Ethereum projects’ successes, analysts are predicting a shift that could favor altcoins. Notably, since the inauguration of U.S. President Donald Trump, there has been deliberate attention to altcoins in addition to Bitcoin.
For instance, the U.S. has established a strategic Crypto Reserve, and there is potential for including other assets besides Bitcoin. Despite the division, a multi-asset reserve outlook has caused in the broader crypto industry. Matt Hougan, Bitwise’s CIO, says it will mark a tailwind for the sector in the long run.
President Trump has even endorsed projects like World Liberty Financial (WLFI), which has continued to invest in altcoins.
Market observers see a situation where altcoins in the WLFI portfolio, such as SEI, AAVE, and TRX, could gain increased investor interest, leading to a surge in value. Additionally, the regulatory hurdles that existed during Gary Gensler as Chair of the Securities and Exchange Commission (SEC) have now rolled off.
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