The speculation around the approval of ETH ETFs by the SEC has brought significant attention to the Ethereum network. Santiment, a renowned crypto market intelligence forum, has compiled a list of the top ERC-20 coins that have experienced substantial rates of development activity. This information comes at a time when traders are focused on Ethereum’s network due to rising prices in May and the anticipation of the SEC approving the first ETF.
The list provided by Santiment ranks the ERC-20 tokens based on their notable daily development activity rates over the past 30 days. Topping the list is Chainlink’s native token, $LINK. Chainlink is a well-known tech and crypto platform that offers interaction services to blockchain entities for external data.
In the second position is the ERC-20 coin $SNT of Status. Status functions as a decentralized and open-source crypto communication application, offering a browser, wallet, messenger, and communities. Ethereum Foundation’s native token, $ETH, takes the third spot according to the past 30-day activity.
Santiment also includes other notable ERC-20 tokens on the list. $MANA, the native coin of Decentraland, which is a virtual world for creators, is placed in the fourth position. The $AUDIO token, utilized by the platform Audius for music streaming and ownership, secures the fifth spot.
The list further includes $SUSD, a stablecoin supported by crypto assets and issued by the decentralized finance platform Synthetix. The $SNX token from Synthetix follows in the rankings.
Holo, a marketplace for hosting distributed cloud services, has witnessed increased development activity for its native coin, $HOT. The decentralized company API3’s token stands in the ninth position. The tenth spot is occupied by the $GRT coin of the Graph protocol.
Santiment emphasizes that providing this information will assist traders and investors in identifying potential risks and making informed decisions.
Tags: ETF, ETH