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Coin Edition 2025-01-14 14:30:00

DeFi’s Best: Chainlink and Synthetix Push Innovation in 2025

DeFi’s Best: Chainlink and Synthetix Push Innovation in 2025

Chainlink and Synthetix topped the list of top DeFi protocols by development. DeepBook Protocol, Injective, and Radix (XRD) were the bottom three in the top five. LINK accumulation has dropped amid the recent market crash but the levels are still high as compared to 2024. 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… The post DeFi’s Best: Chainlink and Synthetix Push Innovation in 2025 appeared first on Coin Edition .

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