Top 10 RWA cryptocurrencies by development activity

TL;DR

RWA coins are trending, with significant development activity noted by Santiment, highlighting the top 10 performers. Despite notable recent price gains, some high performers did not make the list. These are the leaders

Real World Assets (RWA) have been trending quite recently due to the rising prices of some tokens. They represent physical objects or properties and operate on the blockchain using smart contracts.

Crypto market intelligence platform Santiment outlined the top 10 coins in terms of development activity over the past 30 days. As expected, the first place with an index of 512 belongs to Chainlink (LINK), the largest in the kingdom, with a market capitalization of almost 8 billion dollars. Synthetix Network (SNX) is second, trailing behind with a score of 255.

“Chainlink is seeing more than double the average daily development activity (512) compared to the closest project,” Santiment noted.

Centrifuge (CFG) rounds out the top 3 clubs, while the remaining assets include Oraichain Token (ORAI), Dusk (DUSK), Maker (MKR), IX Swap (IXS), Creditcoin (CTC), Polymesh (POLYX), and Rights of reserve (RSR).

The ranking is similar to last month, when LINK, SNC and CFG occupied the top three positions in the same order.

The Disappeared

Meanwhile, one of the best performing RWA cryptocurrencies recently, Mantra (OM), did not make the list. The price of the token defied the latest market correction, rising almost 50% in the last two weeks. Its year-over-year performance is even more impressive, increasing by more than 3,800%.

As recently reported by CryptoPotato, some analysts predicted that its rally would continue in the near future based on certain essential conditions.

An X user predicted a rise to a new all-time high of $1.20 if OM crosses the major resistance level of $1.05. Also, the range of $0.55-$0.60 was defined as a “support zone”.

Remember that OM broke the resistance mark on July 11th. Despite falling short of the $1.20 represented, it hit a new high of $1.12. It will be interesting to see if the asset will maintain its momentum in the following days and if its price will rise to a new ATH.

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