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A crypto analytics platform CryptoDep shared the top Decentralized Finance (DeFi) projects by developer activity in a tweet yesterday. According to the post, Osmosis (OSMO) posted the most development activity in the past 30 days, while Uniswap (UNI) and Kyber Network (KNC) occupied the second and third positions on the list respectively.
⚡️Top #DeFi Projects by Developer Activity
— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) June 22, 2023
22 June 2023
Let's take a look at the list of DeFi projects with the highest developer activity score in the last 30 days, data taken from @Santimentfeed.$OSMO $UNI #Uniswap $KNC $DFI $INJ #Injective $KAVA #1INCH $POSI $DYP $ORN pic.twitter.com/9ON3geiVdy
DeFiChain (DFI) and Injective (INJ) also made the list, and were ranked fourth and fifth respectively in terms of development activity in the past month. At number six and seven on the list were Kava (KAVA) and 1Inch (1INCH), while Position Exchange (POSI), Dypius (DYP) and Orion Protocol (ORN) occupied the remaining slots on the top 10 list.
With regards to price performance, CoinMarketCap indicated that OSMO printed a 24-hour loss of 1.45%, which brought its price down to $0.5112 at press time. UNI and Kyber also saw their prices drop slightly during this period. UNI was trading at $4.77 after its 0.95% price drop, and KNC was trading at $0.5239 after the altcoin’s price fell 2.36%.
DFI and INJ were also not able to escape the market-wide drop in prices over the past 24 hours. At press time, DFI was changing hands at $0.3615 following its 0.84% 24-hour loss. Meanwhile, INJ’s price stood at $7.11 after it experienced a 2.04% drop.
KAVA and 1INCH followed the same fate as the rest of the crypto market over the past 24 hours. However, POSI posted a standout performance and gained nearly 10% during this period. At press time, POSI was trading at $0.02825 after its price increased 9.40%.
The altcoin was also able to outperform Bitcoin (BTC) and Ethereum (ETH) by 10.06% and 11.28% respectively. DYP was also one of the few cryptos that printed a 24-hour gain, and was changing hands at $0.1521 at press time after its price rose 1.13%. Lastly, ORN was down 1.81% and was trading at $0.7095 at press time.
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