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Santiment shared a post on X depicting the top Solana ecosystem projects by development activity in the past 30 days. The analysis, based on meaningful GitHub contributions, places the core Solana protocol well ahead of other active projects like Pyth Network ($PYTH) and Helium ($IOT), offering a clear look at where building efforts are concentrated on the network. The ranking is based on Santiment’s enhanced GitHub event data methodology, which focuses on meaningful development contributions rather than superficial metrics like commit counts. Not surprisingly, Solana ($SOL) maintains the top position, reflecting continuous core protocol enhancements, while Pyth Network ($PYTH) is in second place. The two are followed by Helium ($IOT) and Helium Mobile ($MOBILE), while the top five ranking concludes with Wormhole ($W), a cross-chain messaging protocol facilitating interoperability. It’s interesting to note that Solana’s lead is rather substantial, with 165.5 notable development activities. Pyth Network has only 66.13 in the second place. As mentioned, Santiment analyzes specific GitHub events that signify genuine development progress. For instance, this includes activities such as code pushes, issue interactions, and pull request engagements. By filtering out less relevant actions, Santiment provides a more accurate representation of a project’s development health and momentum. The Santiment report also includes Drift Protocol ($DRIFT), Neon Labs ($NEON), Jito ($JTO), Swarms ($SWARMS), and Orca ($ORCA) in the top 10. The list showcases the diverse and robust development within the Solana ecosystem, where projects like Pyth Network and Drift Protocol (in sixth place) are pushing the boundaries in decentralized finance, offering real-time data feeds and advanced trading instruments. Then, there are Helium and Helium Mobile that are pioneering decentralized wireless networks. Wormhole and Neon Labs (in seventh place) are improving interoperability, allowing for seamless interactions between Solana and other blockchain ecosystems. Solana’s commitment to scalability and low transaction costs has made it an attractive platform for developers. Even meme coins and NFT projects tend to pick it, with projects like Bonk or Fartcoin having gained popularity. For example, Solana’s first Layer 2 meme coin named Solaxy, raised almost $30 million in its presale. Also today, Doodles, a prominent NFT brand, announced the launch of its native token $DOOD on Solana. Looking at data, the consistent rise in development activity seems to show the blockchain’s growing adoption and the community’s dedication to continuous improvement. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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🔓 Top 7 Token Unlocks of the Upcoming Week The following tokens with the largest unlock amount will be unlocked next week: Ethena - $50.30M Jito Labs - $18.31M Spectral - $11.69M Movement - $8.46M Neon - $6.41M Galxe - $4.51M Delysium - $4.14M

In the next 7 days, major one-time token unlocks (with unlock amounts exceeding $5 million) will include projects such as LAYER, ENA, SPEC, KAS, MOVE, and NEON. Additionally, significant linear unlocks (daily unlocks exceeding $1 million) are expected for SOL, WLD, TIA, DOGE, TAO, AVAX, SUI, DOT, IP, and MORPHO. The total value of unlocked tokens is projected to exceed $389 million.

The cryptocurrency market is facing supply-side pressure as more than $81.9 million worth of tokens are scheduled to unlock between May 5 and 11, 2025. According to blockchain analytics firm Tokenomist, ENA tops the list with the largest unlock by volume. The project will release tokens worth $55.79 million, representing 3.1% of its circulating supply. As per the data, the unlock, scheduled for May 5, makes it the most substantial single-day release of the week. The tokens are designated for both the founding team and private investors, with 6.61% of total ENA tokens being unlocked through this event. SPEC follows with a $15.42 million unlock scheduled for May 6, but what makes this event particularly noteworthy is that it represents 42.5% of the token’s circulating supply. Nearly half of all tradable SPEC tokens are hitting potential liquidity in a single event. The data indicates that 4.12% of SPEC tokens will be unlocked through this release. The third largest unlock by value comes from CFG, with $676,280 worth of tokens (0.87% of circulating supply) scheduled for release also on May 6. Several mid-sized unlocks are also on the calendar, which include NEON with $3.33 million (10.83% of circulation) set for May 7 and GGP with $2.41 million (9.8% of circulation) on May 8. Other notable unlocks include AGI on May 11 with $2.35 million (2.1% of circulation), MAVIA on May 8 with $1.41 million (10.75% of circulation), and DEVVE on May 10 with $582,380 (0.95% of circulation). The AGI unlock is set primarily for private investors, with 44.89% of tokens unlocked. Token unlocks are important events for cryptocurrency traders and investors, as they usually create clear patterns of selling pressure. When founding teams and early private investors get access to tokens that were locked before, some of these tokens enter the market as early supporters try to make profits or adjust their portfolios. Projects with a high percentage of tokens unlocking, such as SPEC in 42.5%, will directly impact the market, and even small unlockings from liquid tokens will have an impact on their trading pairs as well. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.