According to Santiment, the top 10 DeFi projects by development activity this month are 1) Chainlink (LINK), 2) DeepBook on Sui (DEEP), 3) DeFiChain (DFI), 4) FOX (FOX), 5) Lido (LDO), 6) Injective (INJ), 7) Babylon (BABY), 8) dYdX (DYDX), 9) Centrifuge (CFG), and 10) Curve (CRV), with directional markers indicating each project's ranking change versus last month, source: Santiment. Santiment also states it covers development activity for over 4,000 projects and links its methodology for measuring non-price developer activity, source: Santiment.

According to @santimentfeed, the top 10 DeFi projects ranked by development activity for July 2025 are led by Chainlink (LINK), DeepBook (DEEP), and Babylon (BABY). Chainlink (LINK) maintains its position at the top, indicating strong ongoing innovation and potential for sustained user and developer interest. DeepBook (DEEP) holds steady at second place, while Babylon (BABY) rises in the ranks, suggesting growing momentum. Defichain (DFI) and Liquity Protocol also show notable changes in their rankings. Traders should monitor these projects for increased development signals, which often correlate with future price movement and improved network utility. Source: @santimentfeed