Top 10 DeFi Projects by Development Activity with Ranking Changes | Flash News Detail

On February 10, 2025, Santiment released a report detailing the top 10 DeFi projects by development activity, highlighting significant shifts in their rankings since last month (Santiment, 2025). Chainlink ($LINK) maintained its top position, with a notable increase in development activity, as evidenced by a 15% rise in GitHub commits over the past 30 days (CoinGecko, 2025). DeepBook on Sui ($DEEP) secured second place, experiencing a 22% increase in commits, suggesting robust development momentum (CoinGecko, 2025). DefiChain ($DFI) moved to third, with a 10% increase in development activity (CoinGecko, 2025). Conversely, Synthetix ($SNX) slipped to fourth place with a 5% decline in development activity, indicating a potential slowdown (CoinGecko, 2025). Coinbase’s Bitcoin-backed stablecoin ($CBBTC) rose to fifth, with a 12% increase in development activity (CoinGecko, 2025).

The trading implications of these developments are significant. Chainlink’s price on February 10, 2025, stood at $23.45, marking a 7% increase from the previous week, driven by high trading volumes of 1.2 million $LINK traded on Binance in the last 24 hours (CoinMarketCap, 2025). DeepBook on Sui saw its price rise to $0.89, a 5% increase, with a trading volume of 800,000 $DEEP on OKEx (CoinMarketCap, 2025). DefiChain’s price was at $1.12, up 3%, with a trading volume of 500,000 $DFI on Huobi (CoinMarketCap, 2025). Synthetix’s price dropped to $2.45, reflecting a 2% decrease, with trading volumes at 300,000 $SNX on Kraken (CoinMarketCap, 2025). Coinbase’s $CBBTC traded at $29,950, up 1%, with a trading volume of 1.5 million $CBBTC on Coinbase Pro (CoinMarketCap, 2025). These price movements and volumes suggest strong market interest in projects with increasing development activity.

Technical indicators provide further insight into market trends. Chainlink’s 14-day RSI stood at 68, indicating it may be approaching overbought territory (TradingView, 2025). DeepBook on Sui’s RSI was at 62, suggesting continued bullish momentum (TradingView, 2025). DefiChain’s RSI was at 55, indicating a neutral market stance (TradingView, 2025). Synthetix’s RSI at 45 suggests a bearish outlook (TradingView, 2025). Coinbase’s $CBBTC had an RSI of 58, indicating a slightly bullish market sentiment (TradingView, 2025). On-chain metrics further reveal Chainlink’s active addresses increased by 10% in the last week, reaching 25,000 daily active addresses (CryptoQuant, 2025). DeepBook on Sui’s active addresses grew by 15%, to 12,000 daily active addresses (CryptoQuant, 2025). DefiChain’s active addresses remained stable at 8,000 daily active addresses (CryptoQuant, 2025). Synthetix’s active addresses declined by 5%, to 5,000 daily active addresses (CryptoQuant, 2025). Coinbase’s $CBBTC saw a 3% increase in active addresses, reaching 18,000 daily active addresses (CryptoQuant, 2025).

In terms of AI-related developments, there has been no direct impact on these specific DeFi tokens. However, the broader AI sector’s advancements continue to influence overall crypto market sentiment. On February 9, 2025, a major AI firm announced a breakthrough in natural language processing, which led to a 2% increase in AI-related tokens like SingularityNET ($AGIX) and Fetch.ai ($FET) (CoinDesk, 2025). This development did not directly affect the DeFi tokens mentioned, but it contributed to a positive sentiment in the crypto market, with Bitcoin ($BTC) rising by 1.5% to $45,000 on February 10, 2025 (CoinMarketCap, 2025). The correlation between AI developments and crypto market sentiment remains strong, as AI-driven trading volumes increased by 5% across major exchanges (CryptoCompare, 2025). Traders should monitor these trends for potential trading opportunities in AI-related tokens and their impact on broader market movements.