TL;DR
- 30-day Santiment GitHub data shows RWA development is concentrating on a small group of networks while market conditions remain volatile.
- Hedera leads with 278.17 activity points, followed by Chainlink at 215.37, Avalanche at 135.13, and Stellar at 110.9, forming a clear top tier.
- Beyond the leaders, activity falls to IOTA, Chia Network, VeChain and others, reinforcing that real progress will be proven by deployed RWA products and measurable onchain adoption.
Real world asset development is becoming increasingly concentrated, with a small group of networks separating from the rest of the sector. Santiment’s snapshot of GitHub activity over the past 30 days places Hedera, Chainlink, Avalanche, and Stellar well ahead of peers. This is a high signal read on where teams are spending engineering time while broader markets stay volatile. The concentration matters because it shows which ecosystems are being actively built rather than merely discussed. In RWAs, talk is cheap, but sustained repository work can hint at delivery pressure, partner expectations, and governance maturity.
🧑💻 Here are crypto's top Real World Assets (RWA's) by development. Directional indicators represent each project's ranking rise or fall since last month:
➡️ 1) @hedera $HBAR 🥇
➡️ 2) @chainlink $LINK 🥈
➡️ 3) @avax $AVAX 🥉
➡️ 4) @stellarorg $XLM
📈 5) @iota $IOTA
📉 6)… pic.twitter.com/uTHP9nktz8— Santiment (@santimentfeed) February 2, 2026
What the ranking shows
The ranking puts Hedera firmly in first place with 278.17 development activity points, signaling steady repository level output rather than short bursts. Chainlink follows in second at 215.37, reinforcing its role as core infrastructure for tokenized assets and dependable data feeds. Avalanche ranks third at 135.13, while Stellar is fourth at 110.9. The key implication is that the current RWA buildout has a clear top tier that is shipping consistently. Together these four projects account for most observable RWA focused development momentum in the period shown, by a wide margin, forming a top tier.
After that top tier, development activity drops sharply. IOTA ranks fifth with 79.1, followed by Chia Network at 46.73. VeChain posts 21.6, while Lumerin at 10.67, Creditcoin at 10.2, and Injective at 8.53 round out the top ten. That nuance matters because it ties leadership to sustained contributions, not static reputation. The rankings can shift as teams add or slow code, which is why the list should be read as a moving signal, not a permanent hierarchy today.
GitHub based development metrics do not predict short term price moves, but they can surface longer term commitment. For RWAs, where regulatory alignment, enterprise adoption, and technical reliability are critical, consistent development often precedes integration. This month’s data suggests infrastructure building is not evenly distributed, but concentrated among a few protocols attracting attention despite weaker sentiment. For now, the data points to focused buildout rather than broad expansion, with leadership remaining stable at the top. The professional takeaway is simple: confirm the rankings only when code turns into deployed products and measurable onchain adoption.
