VeChain

Chainlink

Centrifuge

Avalanche

Stellar

Blockchain analytics firm Santiment has ranked Hedera (<a href="https://x.com/search?q=%24HBAR&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$HBAR</a>), Chainlink (<a href="https://x.com/search?q=%24LINK&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$LINK</a>), and Avalanche (<a href="https://x.com/search?q=%24AVAX&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$AVAX</a>) as the top three crypto projects by real-world asset (RWA) development activity, based on 30-day GitHub data.
<h2 id="how-the-rankings-stack-up">How the Rankings Stack Up</h2>
Hedera retained the number one position, holding a development activity score of 278.17, according to Santiment data. Chainlink followed in second place with 215.37 points, while Avalanche ranked third at 135.13. Stellar (<a href="https://x.com/search?q=%24XLM&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$XLM</a>) climbed to fourth with a score of 110.9, rounding out a clear top tier ahead of the rest of the field.
The broader top ten includes IOTA (<a href="https://x.com/search?q=%24IOTA&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$IOTA</a>), Chia (<a href="https://x.com/search?q=%24XCH&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$XCH</a>), Injective (<a href="https://x.com/search?q=%24INJ&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$INJ</a>), Dusk Network (<a href="https://x.com/search?q=%24DUSK&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$DUSK</a>), VeChain (<a href="https://x.com/search?q=%24VET&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$VET</a>), and Centrifuge (<a href="https://x.com/search?q=%24CFG&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$CFG</a>). Santiment's directional indicators, which track each project's monthly ranking movement, showed Injective, Dusk, and Centrifuge rising, while VeChain slipped lower.
Santiment's methodology measures notable GitHub contributions over a rolling 30-day window, pulling data directly from project repositories. The metric tracks development work rather than price performance, making it a gauge of sustained builder commitment.
<h2 id="why-development-activity-matters-for-rwas">Why Development Activity Matters for RWAs</h2>
High development activity in the RWA space typically signals ongoing protocol upgrades, active code contributions, ecosystem expansion, and institutional integration efforts. While it does not map directly to price performance, it is widely treated as a long-term indicator of ecosystem health.
These three networks are at the centre of efforts to integrate physical and financial assets, including treasuries, bonds, and other traditional instruments, into blockchain infrastructure. Hedera's leading position reflects its continued push into enterprise adoption, while Chainlink's role as a leading oracle provider makes it a key connector between off-chain data and on-chain applications. Avalanche, meanwhile, has seen recent integrations with banks and asset managers deploying tokenized funds.
With RWA tokenization gaining momentum as a major crypto narrative in 2026, the projects leading in developer activity may be best placed to capture the next wave of institutional adoption.
Sources: <a href="https://crypto-economy.com/rwa-hedera-chainlink-and-avalanche-emerge/" rel="noopener noreferrer nofollow">Crypto Economy: Hedera, Chainlink, and Avalanche Emerge as Core RWA Hubs</a> <a href="https://www.crypto-news-flash.com/hedera-chainlink-avalanche-lead-in-rwa/" rel="noopener noreferrer nofollow">Crypto News Flash: Hedera, Chainlink, and Avalanche Lead RWA Developer Growth</a>

Hedera, Chainlink & Avalanche Leads RWA Development

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