The Ethereum network has become a focal point of attention as members of the community speculate about the possibility of ETH ETFs. Santiment, a well-known forum for crypto market intelligence, has released a list of the top ERC-20 coins that have seen significant rates of development activity, just as the SEC is likely to approve ETH ETFs. The analytics provider chose to disclose this information on X, in order to provide an overview of the current market situation.
With Ethereum’s network dominating the thoughts of most traders, especially with the recent surge in prices and the SEC’s impending approval of the first ETF, Santiment has compiled a list of the top ERC20-related coins in the crypto market. These coins have been sorted based on their notable daily development activity rates over the past 30 days. The list begins with Chainlink’s native token, $LINK, which claims the top spot.
Chainlink is a well-known technology and crypto platform that provides services for blockchain entities to interact with external data. Following Chainlink, the second token on the list is Status’ ERC-20 coin, $SNT. Status is a decentralized and open-source crypto communication application that includes a browser, wallet, messenger, and community features. Ethereum Foundation’s native token, $ETH, takes the third position, according to Santiment’s analysis of the past 30 days.
Moving further down the list, Santiment places Decentraland’s native coin, $MANA, in the fourth spot. Decentraland is a virtual world that empowers creators. The analytics platform then highlights the $AUDIO token, used by Audius on its platform, at the fifth position. Audius is a platform that offers music streaming services along with ownership and financial capabilities.
Santiment also includes $SUSD, a stablecoin supported by crypto assets, in its list of top crypto assets experiencing significant development activity. The $SUSD token is issued by the decentralized finance platform Synthetix. Following $SUSD, Santiment includes $SNX, another token from Synthetix.
Beyond Synthetix, Holo, a marketplace for hosting distributed cloud services for peer-to-peer apps, has seen increased development activity for its native coin, $HOT. API3, a decentralized company, takes the ninth position on Santiment’s list with its native coin. Finally, the tenth position is occupied by the $GRT coin of the Graph protocol. Santiment emphasizes that providing this information will help traders and investors mitigate potential risks.
Tags: ETF, ETH
