- Chainlink leads Ethereum projects in development despite a sharp weekly price drop.
- Eigenlayer and sUSD show resilience, gaining ground amid broader market weakness.
- Status, Lido, and Decentraland fall behind as developer focus shifts elsewhere.
Amid a broader crypto market correction, Ethereum-based projects are signaling strength through heightened development activity as per Santiment data. In particular, Chainlink ($LINK) has secured the top spot among Ethereum-linked coins, indicating sustained developer engagement. While prices across the board have dipped over the past week, the focus has shifted toward long-term project vitality over short-term market action.
🧑💻 Here are crypto's top ETH-based coins by development activity. Directional indicators represent each project's ranking positioning since last month:
— Santiment (@santimentfeed) June 5, 2025
📈1) @chainlink $LINK 🥇
📈 2) @starknet $STRK 🥈
➡️ 3) @ethereum $ETH 🥉
📈 4) @eigenlayer $EIGEN
📉 5) @ethstatus $SNT
📈 6)… pic.twitter.com/mulb4FLsSQ
Chainlink Tops Development Charts
Chainlink continues to dominate development rankings, pushing into first place this month. Despite this, its price has faced a setback. LINK trades at $13.18, down 4.24% in the last 24 hours and 9.38% over the week.
Nevertheless, developer commitment appears unaffected. With a market cap of $8.67 billion, the project remains a cornerstone of Ethereum’s oracle infrastructure.
Following closely is Starknet ($STRK), climbing to second place. STRK’s developer activity has increased sharply, even as its price declined by 4.70% in 24 hours. Its weekly loss stands at 10.62%, now priced at $0.1279. Despite this, the Layer-2 scaling solution’s push toward zk-rollup adoption keeps it relevant.
Ethereum ($ETH) itself holds third place in development activity, showing consistency. ETH trades at $2,462.28, reflecting a 5.55% daily drop and a 6.29% weekly decline. Still, its core updates and infrastructure developments secure its spot on the list.
Eigenlayer and sUSD Gain Ground
Eigenlayer ($EIGEN), a restaking protocol, has jumped to fourth place. Priced at $1.42, it saw a modest 0.90% dip in 24 hours and 7.26% over the week. Its market cap now stands at $431 million. The protocol’s rise suggests growing interest in modular staking frameworks.
Similarly, sUSD ($SUSD) has moved up to sixth place, the only token on this list with a positive weekly change. It rose 2.42% this week, despite a small 0.61% daily drop. Currently priced at $0.9726, sUSD highlights how stablecoins can thrive amid market uncertainty.
Decliners: Status, Lido, and Decentraland Fall Behind
On the downside, Status ($SNT) suffered the steepest decline. It dropped 47.62% this week and now trades at just $0.02798. Lido DAO ($LDO) also saw significant losses, falling over 20% in the past 7 days to $0.7716.
Decentraland ($MANA) also slipped in development ranking, as its price fell to $0.269. It lost 2.26% in 24 hours and 4.43% over the week.
