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AVAX 
CTC 
HBAR 
INJ 
IOTA 
LINK 
VET 
XCH 
XLM 
TRAC Competition for RWA projects intensifies: Development activity rankings reveal new ecological landscape
Competition between projects that introduce real-world assets (RWA) into blockchain is not only reflected in the price level. Recently, various development teams have also accelerated their pace. On-chain analytics platform Sanitation, based on GitHub data from the past 30 days, reveals the most active projects in the RWA ecosystem. Hedera (HBAR) tops the list, followed by Chainlink (LINK) in second place, and Avalanche (AVAX) in third place.
Hedera leads, Chainlink is chasing after
According to a list compiled by Sanitation based on effective development activities on GitHub, Hedera ranks first with a score of 96.07. Chainlink ranked second with 88.53 points, while Avalanche ranked in the top three with 39.7 points. Follow-up projects on the list include Stellar (XLM), OriginTrail (TRAC), Chia Network (XCH), IOTA, Impressive (INJ), VeChain (VET), and Creditcoin (CTC). The top three projects have successfully surpassed other RWA-focused networks in terms of developer activity. It is particularly noteworthy that the score gap between Hedera and Chainlink is not large.
What signal does development activity send?
Sanitation generates this ranking by analyzing effective code development activities in the GitHub repository. The platform focuses on measuring the productive work that developers do directly, rather than daily updates, automated actions, or copy-and-paste code. Therefore, development activity itself does not directly mean that token prices will rise in the short term. However, many investors believe that in the long run, projects that continue to be actively developed will have an advantage in launching new products and expanding ecosystems.
With the recent increase in institutional interest, the RWA ecosystem has once again become the focus. Still, development-side data suggests that it is not just projects focusing on tokenization solutions that are at the forefront of the competition, networks that provide broader blockchain infrastructure are also leading the competition.
Competition in the RWA ecosystem accelerates
Data from the past 30 days shows that competition in the RWA field is no longer limited to new partnerships or price fluctuations. Hedera and Chainlink maintained the lead in development activities, while Avalanche consolidated its top three position. How this momentum in development activity translates into new products, corporate partnerships and network upgrades will be a focus for investors watching the RWA ecosystem going forward.
This content is based on general market data and does not constitute investment advice. It is recommended that you conduct your own research.
