• Analyst Ben GCrypto shared a list of top ERC20 projects based on development activity.
• tops the list in development score with a $189B market capitalization.
• Decentraland and Aragon experience significant price drops despite moderate development scores.

Generation Crypto Media’s CEO Ben GCrypto tweeted a rundown of the top 10 ERC20 projects as per development activity in the most recent 30 days. He commented, “According to such fundamentals like development activity, there are lots of good projects with moderate market cap.”

Top 10 #ERC20 Projects by Development Activity in the last 30 daysAccording to such fundamentals like development activity, there are lots of good projects with moderate market cap.$ETH $SNT $VEGA $MANA $LINK $LDO $ANT $UNI $AUDIO $BAL pic.twitter.com/qkHrWKEoDa

— Ben GCrypto (@GCryptoBen) March 7, 2023

As indicated by the joined picture, Ethereum is at the highest point of the list with a development score of 396 and a market capitalization worth $189 billion after experiencing a 5.8% decrease in its 30-day value change.

Status came in second, recording 365 regarding development action. Moreover, it experienced a 14.3% decay in its 30-day value change bringing about an absolute market cap worth $106 million.

Vega Protocol ranked third, trailed by Decentraland at fourth spot with a development score of 349 and 295 individually. While Vega noted a market cap of $62 million after a positive 8.4% development in its 30-day value change, Decentraland sank by 22.6%, arriving at a market cap of $1.1 billion.

In the interim, Chainlink came fifth with a 279 development action score and $3.3 billion worth of market cap after a 4.9% decrease in the last 30 days. Then again, Lido DAO scored 174 in the development action after an 18.6% bounce back on market capitalization worth $2.2 billion.

Aragon positioned sixth after scoring 164 in development action. Additionally, it recorded a market cap worth $96 million post a colossal drop of 22.5% in the last 30 days.

Furthermore, got the eighth situation recording a development action score of 162, close by a market capitalization worth $4.8 billion after an 11% plunge in 30 days.

Finally, Audius and Balancer acquired the ninth and tenth spots with a development action score of 159 and 141, separately. At the same time, Audius recorded $268 million in market cap, while Balancer observed $254 million.

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