Osmosis, Dydx, and Synthetix: The Most Actively Developed DeFi Projects, Santiment

Bittime - In the ever-evolving DeFi landscape, Cosmos' decentralized exchange Osmosis stands out as the most active project in development, according to Santiment, a leading crypto intelligence platform.

In the past month, Osmosis has logged more than 169 commits on GitHub , cementing its position as a hub for innovation in the decentralized finance ( DeFi ) ecosystem.

Dydx and Synthetix: Position and Progression

Ranked second and third on Santiment's developer activity list are dydx and Synthetix, respectively.

Dydx, a decentralized perpetual exchange, saw a surge in development activity related to the v4 update that shifted the Ethereum layer-2 network to a standalone blockchain in the Cosmos ecosystem.

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Meanwhile, Synthetix, a derivatives liquidity protocol, has shown steady growth, with Total Value Locked (TVL) continuing to increase, reaching $994 million across the Ethereum and Optimism networks.

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Development Trends and Achievements of Each Project

The increase in development activity in these projects is largely a result of the growing interest in airdrop farming on the Cosmos infrastructure, with Osmosis being the main hub for decentralized exchanges within it.

Additionally, other projects leveraging the Cosmos ecosystem, such as Celestia (TIA) and Dymension (DYM) , have managed to generate hundreds of millions of dollars through airdrops for farmers.

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Meanwhile, dydx has recorded trading volume worth more than $60 billion since the launch of the V4 version on January 25.

On the other hand, Synthetix is ​​preparing to launch a new derivative front-end called Infinex, which is currently available in Alpha on mainnet, marking a major step in the project's future expansion and innovation.

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