Bitcoin 
Ethereum 
Tether 
BNB 
XRP 
USDC 
Solana 
JUSD 
TRON 
Lido Staked Ether 
Dogecoin 
Figure Heloc 
WhiteBIT Coin 
Cardano 
Bitcoin Cash 
Wrapped stETH 
Wrapped Bitcoin 
USDS 
Binance Bridged USDT (BNB Smart Chain) 
Hyperliquid 
Wrapped Beacon ETH 
LEO Token 
Wrapped eETH 
Canton 
Monero 
Chainlink 
Ethena USDe 
Coinbase Wrapped BTC 
Stellar 
USD1 
WETH 
Zcash 
Litecoin 
USDT0 
Sui 
Avalanche 
Dai 
sUSDS 
Shiba Inu 
Hedera 
Ethena Staked USDe 
PayPal USD 
World Liberty Financial 
Tether Gold 
Toncoin 
Cronos 
Rain 
MemeCore 
Polkadot 
Uniswap 
Mantle 
PAX Gold 
Bitget Token 
Falcon USD 
Aave 
Bittensor 
OKB 
Pepe 
BlackRock USD Institutional Digital Liquidity Fund 
Circle USYC 
HTX DAO 
Global Dollar 
NEAR Protocol 
Jupiter Perpetuals Liquidity Provider Token 
Ethereum Classic 
syrupUSDC 
Internet Computer 
Jito Staked SOL 
Ripple USD 
Pump.fun 
Aster 
Sky 
Pi Network 
Kelp DAO Restaked ETH 
Binance-Peg WETH 
Ondo 
BFUSD 
Binance Bridged USDC (BNB Smart Chain) 
POL (ex-MATIC) 
KuCoin 
Wrapped BNB 
MYX Finance 
Provenance Blockchain 
Gate 
Worldcoin 
Ethena 
Binance Staked SOL 
USDD 
Official Trump 
Cosmos Hub 
Aptos 
Rocket Pool ETH 
Algorand 
Lombard Staked BTC 
USDtb 
Polygon Bridged USDC (Polygon PoS) 
Kaspa 
Function FBTC 
Flare 
Kinetiq Staked HYPE 
Superstate Short Duration U.S. Government Securities Fund (USTB) 
syrupUSDT 
Render 
Midnight 
Filecoin 
NEXO 
Arbitrum 
WrappedM by M0 
VeChain 
Janus Henderson Anemoy AAA CLO Fund 
XDC Network 
Ondo US Dollar Yield 
Morpho 
OUSG 
Mantle Staked Ether 
Spiko EU T-Bills Money Market Fund 
Jupiter 
Polygon PoS Bridged DAI (Polygon POS) 
Solv Protocol BTC 
Bonk 
COCA 
USDai 
Beldex 
Liquid Staked ETH 
Arbitrum Bridged WBTC (Arbitrum One) 
clBTC 
Sei 
Wrapped Flare 
Usual USD 
Janus Henderson Anemoy Treasury Fund 
Stacks 
Dash 
L2 Standard Bridged WETH (Base) 
StakeWise Staked ETH 
PancakeSwap 
Binance-Peg XRP 
Renzo Restaked ETH 
Tezos 
GHO 
A7A5 
Jupiter Staked SOL 
TrueUSD 
Stable 
Story 
Pudgy Penguins 
tBTC 
Fasttoken 
Arbitrum Bridged WETH (Arbitrum One) 
First Digital USD 
Chiliz 
Optimism 
c8ntinuum 
EURC 
Curve DAO 
Virtuals Protocol 
Artificial Superintelligence Alliance 
Lighter 
USDB 
Resolv USR 
Resolv wstUSR 
Lorenzo Wrapped Bitcoin 
GTETH 
DoubleZero 
Kinesis Gold 
Steakhouse USDC Morpho Vault 
JUST 
LayerZero 
Aerodrome Finance 
Injective 
Ether.Fi Liquid ETH 
Sun Token 
Maple Finance 
sBTC 
Kaia 
Lido DAO 
Marinade Staked SOL 
Ether.fi 
AINFT 
BitTorrent 
FLOKI 
Savings USDD 
Decred 
Coinbase Wrapped Staked ETH 
Celestia 
The Graph 
Kinesis Silver 
Staked Aave 
IOTA 
Wrapped STX (Velar) 
Stader ETHx 
crvUSD 
Bitcoin SV 
USX 
Cap USD 
ether.fi Staked ETH 
JasmyCoin 
Gnosis 
Starknet 
River 
Avalanche Bridged BTC (Avalanche) 
Blockchain analysis platform Santiment recently released its list of top decentralized finance (DeFi) projects by development activity. Chainlink (LINK) took the top spot, followed by Synthetix (SNX) and DeepBook Protocol on the Sui blockchain.
In a post on X (formerly Twitter), Santiment listed the top DeFi protocols. Injective (INJ) and Radix (XRD) rounded out the top five. The rest of the top ten included Curve Finance (CRV), DeFiChain (DFI), Lido Finance (LDO), dYdX (DYDX), and Fox Crypto (FOX).
Synthetix and Chainlink have led DeFi development this cycle. Chainlink recently partnered with Ripple to improve pricing for Ripple’s new stablecoin, RLUSD. This partnership has boosted Chainlink’s popularity. Meanwhile, Synthetix has seen its popularity surge since last year.
However, the native tokens of most of these projects have dropped significantly in the past week. LINK fell 17%, SNX plunged 20.90%, DEEP dropped 13.76%, INJ plummeted 20.87%, and XRD nosedived 21.36%.
Related: DeFAI Takes the Spotlight: AI-Powered DeFi Tokens Surge
Will LINK Soar Soon?
Notably, CycleX, a leading trading platform, recently adopted the Chainlink standard for “for cross-chain interoperability to help users access its CATF token cross-chain,” as per an X post.
The trading firm will also use Chainlink’s CCIP to power its tokenized fund solutions and bring real-world assets (RWAs) on-chain. Chainlink’s DeFi development shows no signs of slowing down, making LINK a potentially good investment for 2025.
According to CoinMarketCap, LINK is currently trading at $19.57, up 4.10% in the past 24 hours. It’s down 62.84% from its all-time high of $52.88. The TradingView chart below shows that LINK token accumulation has fallen from its mid-December highs, but levels remain higher than most of 2024.
The Relative Strength Index (RSI) is currently at 40.20, indicating that bears control LINK’s price action. The RSI line’s slope suggests that the altcoin could soon become oversold.
Related: TON Blockchain’s DeFi Push Could Spark a 10% Price Rally
