Chainlink leads in developer activity as LINK hits all-time highs 🚨 This article is 4 years old...
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Chainlink leads in developer activity as LINK hits all-time highs
2 min read
Updated: Aug. 15, 2020 at 8:19 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
Chainlink developers recorded the most code “commits” over the past 12 months, according to data on Github.
The activity underlines LINK’s strong performance in 2020, its plethora of partnerships across various firms, and receiving accolades from international bodies, such as the World Economic Forum (WEF).
High code commits on Chainlink
Developers maintaining Chainlink — known for its strong online community of “marines” and frog-centric memes — have conducted the highest activity on the protocol’s code in the past year, as per data on software hosting platform Github.
Its official Chainlink $LINK is the KING of Crypto. 1st place in terms of Github developer commits over the last 12 months! pic.twitter.com/7VkqXgdYSs
— Ray Hatten (@RayHattenCrypto) August 14, 2020
The project’s Github page shows 11,588 total commits, i.e. changes/additions made to the source code. There are over 54 contributors, while the computer language Go makes up 50% of the code, as per Github data.
At press time, there are 16 open issues developers are currently working on and two “open” projects.
High developer activity implies a project that is “alive” and well-maintained, compared to the numerous “deadcoins” and abandoned projects in the broader crypto market. As per crypto tracking site Deadcoins, over 1,050 projects are now “deceased,” a sign of no developer activity.
For the uninitiated, Chainlink, a blockchain agnostic tool, is a decentralized provider that fetches real-world data to smart contracts on the blockchain. LINK is the digital asset token used to pay for services on the network.
This fills a massive gap in the broader crypto industry, in terms of interoperability and true decentralization. Blockchains, by design, can only store data, not verify its authenticity or accuracy. Oracle services serve this need.
Chainlink, as its strong developer activity shows, leads in that regard. Its oracle solution powers decentralized exchanges, blockchain gaming platforms, digital identity services, and much more.
LINK hits all-time high
Meanwhile, LINK hit an all-time high (ATH) earlier this week. The token surged to $19.50 at the time of writing, as per data on Coinbase. It is up from $7 last month and has returned over 178% to investors in the period.
With the strong code commits, record token prices, and even a recent endorsement from social influencer Dave Portnoy, Chainlink holders are arguably so thrilled.
Chainlink Market Data
At the time of press 8:19 pm UTC on Aug. 15, 2020, Chainlink is ranked #5 by market cap and the price is up 13.17% over the past 24 hours. Chainlink has a market capitalization of $6.64 billion with a 24-hour trading volume of $2.33 billion. Learn more about Chainlink ›
Crypto Market Summary
At the time of press 8:19 pm UTC on Aug. 15, 2020, the total crypto market is valued at at $374.04 billion with a 24-hour volume of $101.81 billion. Bitcoin dominance is currently at 58.62%. Learn more about the crypto market ›
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Chainlink is a decentralized oracle network that connects smart contracts on the blockchain to real-world data.