Chainlink, Hedera, and Avalanche Lead Developer Activity in RWA Space, Santiment Finds

The analytics firm, which tracks GitHub activity across blockchain ecosystems, revealed that these networks are driving innovation in one of crypto’s fastest-growing narratives – the tokenization of real-world value.

RWA Projects See Rising Development Momentum

Santiment’s latest ranking highlights Chainlink’s dominance, with a developer activity score of 372.03, far surpassing Hedera’s 214.03 and Avalanche’s 138.8. The remaining spots in the top 10 were occupied by Stellar, IOTA, Chia Network, Axelar, Centrifuge, Injective, and VeChain. The metric reflects active code commits, updates, and development progress, showing which projects are investing most heavily in long-term infrastructure.

RWA-focused blockchains have become one of the most promising areas in crypto. The sector revolves around tokenizing tangible assets – from real estate and commodities to debt instruments and equities – transforming them into digital tokens that can be traded or collateralized on-chain. Analysts argue that this trend could bridge traditional finance with decentralized systems, unlocking trillions in value over the coming decade.

Chainlink Dominates the RWA Conversation

Chainlink’s leading position is no surprise to industry watchers. Its decentralized oracle network serves as the backbone for real-world data integration across blockchain ecosystems, providing the infrastructure that allows tokenized assets to reflect real-time prices, yields, and conditions.

Over the past few months, Chainlink has deepened its partnerships with major institutions and expanded its Cross-Chain Interoperability Protocol (CCIP) – technology that could become critical for the RWA market’s future scalability.

Meanwhile, Hedera and Avalanche have been quietly advancing their enterprise adoption strategies, targeting use cases ranging from supply chain tokenization to financial settlements. Both have seen strong developer interest as real-world adoption of blockchain technology accelerates.

Analysts See Chainlink in Accumulation Zone

Despite its leadership position in development, Chainlink’s price has yet to reflect that momentum. As of today, LINK trades at $18.06, down roughly 4.8% in the past 24 hours and 2.4% on the week, with a market capitalization of $12.25 billion. Technical indicators show that LINK remains in what analysts call a “healthy accumulation phase.”

On the 4-hour chart, RSI readings hover around 56, suggesting moderate buying strength, while MACD levels indicate a potential shift toward short-term consolidation. Analysts say the $17–$18 region could act as a strong accumulation zone before any sustained breakout, especially as developer activity and institutional adoption continue to climb.

If Chainlink maintains its dominance in RWA infrastructure, it may play a defining role in connecting global finance to blockchain – turning real-world assets into one of crypto’s most transformative narratives heading into 2026.