Osmosis, a decentralized exchange on Cosmos, has witnessed a remarkable surge in development activity, emerging as the most actively developed DeFi project recently.
Data shared by crypto intelligence platform Santiment reveals Osmosis leading with over 169 GitHub commits in the past month, surpassing other DeFi projects.
Santiment’s assessment of “developer activity” involves compiling GitHub commits from various projects and averaging them to gauge development intensity.
The surge in Osmosis activity correlates with heightened interest in airdrop farming across the broader crypto landscape, particularly within the Cosmos ecosystem.
Cosmos-related projects like Celestia and Dymension have leveraged airdrop farming, contributing to significant increases in total value locked (TVL) and trading volumes on Osmosis.
The development activity on dydx, the decentralized derivatives exchange, can be attributed to its v4 upgrade in early January, marking a transition to the Cosmos ecosystem.
Since its launch, dydx V4 has facilitated over $60 billion in trading volume, underscoring the platform’s growing significance in the DeFi space.
Synthetix, another notable DeFi protocol, has experienced consistent growth in TVL, reaching nearly $1 billion across Ethereum and Optimism networks.
Synthetix founder Kain Warwick announced the upcoming launch of Infinex, a new derivatives platform, with its alpha version already live on mainnet.
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