Osmosis, dYdX, Synthetix Spearhead DeFi Development Surge, Uniswap Trails Behind

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Osmosis, dYdX, Synthetix Spearhead DeFi Development Surge, Uniswap Trails Behind
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Amidst a broader market rebound, several DeFi-related projects appear to be bustling with development activity.

The crypto analytic platform’s latest compilation of “developer activity” was based on aggregating all unique GitHub activity documented in the records of each project and then calculating the average number of these actions to provide a comprehensive overview.that Osmosis surged by over 239% in a span of just four months from $73.43 million to the press time TVL of $245.81 million.

The decentralized perpetual exchange, dYdX, witnessed a similar uptick in March, rising from $346.34 million to $521.2 million in less than a month. Earlier this year, dYdX brieflymarket leader Uniswap in daily transaction volume after it announced a strategic migration from the Ethereum blockchain to the Cosmos ecosystem.

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