LDO Coin and These 9 Are on the List!

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As the cryptocurrency market experiences fluctuations, investors are having a hard time deciding which altcoins they should invest in. At this point, data provided by analysis companies such as Santiment can be guiding. Santiment has released the top 10 altcoins with the highest developer activity in the last 30 days. There is also LDO coin among these altcoins. Here are the details…

LDO coin and those cryptos are on Santiment’s list

The ranking is based on the “development activity score”, which reflects the intensity of development work done on a project. This score is calculated by taking into account various factors such as code submissions on GitHub, comments to issues, and code pull requests. Here are the top 10 altcoins and their scores:

  • Osmosis (OSMO) – 147
  • Radix (EXRD) – 84
  • Uniswap (UNI) – 76.5
  • FOX Token (FOX) – 73.8
  • dYdX (DYDX) – 72.7
  • Lido DAO (LDO) – 67
  • Synthetix (SNX) – 66.4
  • Centrifuge (CFG) – 57.63
  • Sora Validator Token (VAL) – 51.83
  • Bancor (BNT) – 49.47

Why is developer activity important?

cryptokoin.com As we reported, developer activity shows how active and committed the community behind a project is to the project. Because as the number and activity of developers increases, the chances of the project to innovate and be successful in the long term also increase. So what do we know about the altcoins on this list?

  • Osmosis is a decentralized exchange belonging to the Cosmos ecosystem. Recently there was a significant increase in trading volume and number of users on Osmosis.
  • Radix is ​​a blockchain platform for decentralized finance (DeFi) applications. Additionally, Radix promises to offer high transaction speed and scalability.
  • Uniswap is one of the most popular decentralized exchanges. Uniswap, in particular, allows users to swap tokens and generate income by providing liquidity.
  • FOX Token is the native token of the ShapeShift platform. In addition, FOX Token is used to pay transaction fees on the platform and participate in management.
  • dYdX is a decentralized margin trading platform. Because dYdX offers users the opportunity to make leveraged transactions on cryptocurrencies.
  • Lido DAO Token is the governance token of Lido, the liquid staking platform on Ethereum. LDO token holders can participate in the management of the platform and earn staking rewards.
  • Synthetix is ​​a DeFi platform designed to create and trade synthetic assets. Synthetix offers users access to assets such as stocks, forex and commodities via cryptocurrency.
  • Centrifuge is a platform designed to tokenize real-world assets. Moreover, Centrifuge enables assets such as real estate, invoices, and works of art to be transferred to the blockchain and traded with cryptocurrency.
  • Sora Validator Token is the token used by validators who ensure the security of the Sora parachain. VAL token holders earn rewards by staking and participating in block verification.
  • Bancor is a blockchain protocol that allows users to directly and instantly convert their different cryptos instead of exchanging them on cryptocurrency exchanges like Coinbase. BNT is the Bancor Network Token, the primary token used on the Bancor network.

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