Here's What February's Busiest ERC-20 Dapps Have Been Working On 🏗️

Each month, we shine a spotlight on the 10 ERC-20 projects with the highest-recorded developer activity for the past 30 days, as calculated by Santiment.


Development Activity is an often-underrated indicator of project success, as it demonstrates the month-to-month commitment to creating a working product, continuously polishing and upgrading its features, and staying true to the long-term roadmap.


In this report, we are focusing only on ‘pure ERC-20’, i.e. those projects that are (currently) committed to developing on Ethereum, and have as of yet no working mainnet or an imminent token swap.


You can check out the latest dev activity ‘power rankings’ for all ERC-20 assets on Sanbase, by filtering the ERC-20 projects by Dev Activity (30d).

Top 10 ERC-20 projects by dev activity in February (Source: Sanbase)

As always, we asked all of this month’s top 10 most active ERC-20 dapps what they’ve been working on for the past month. Here’s what they told us:


1. Gnosis

Gnosis is a decentralized prediction market platform
Gnosis' Development Activity for the month of February (Source: Sanbase)

“In February, we were busy working on all three of our product lines:


Prediction markets: We implemented a milestone in interoperability: you can now use the Gnosis Safe to trade on Sight prediction markets by choosing the WalletConnect option. The Sight platform also now supports markets with more than two outcomes. Watch for a big announcement on new markets this week: https://sight.pm/#markets.


Trading protocols: A new, second interface for the dFusion protocol has been completed and is currently undergoing user testing. Additionally, the order matching algorithm was further optimized. And don’t forget: we’re still running a dFusion protocol public bug bounty program with up to $50K for every bug you report.


Wallet solutions: A round of exciting features for the Gnosis Safe Multisig are now almost ready for release. In the next two weeks, you can expect NFT (ERC-721) support, native Ledger and Trezor hardware wallet integrations, and a desktop app.”


2. Status

Status is an open source mobile Dapp browser and messenger built for Ethereum
Status' Development Activity for the month of February (Source: Sanbase)

"Big month over at Status:

  • Status mobile app V1 launched! - a really exciting time all round. You can read all about the specs & features in this reviewers guide.
  • Embark - v5.2 landed, with proxy contract support, scripts execution, and preparation for Embark 6.
  • Vac - we released a new spec, 0.4, for Waku (a fork of the Whisper protocol), and moved closer to integration with Status mobile app.
  • Keycard - we continued working on blockers and high priority items to integrate Keycard into the Status app.
  • Nimbus - we’ve been experimenting and iterating on the first mobile eth2 testnet, have made advances in peer discovery by achieving connectivity with v5 discovery, implemented BLS digital signatures, and replaced our default stack tracing mechanism with an OS lightweight alternative.

3. Aragon

Aragon lets people create and manage a decentralized organization on Ethereum, and create global, bureaucracy-free companies and communities
Aragon's Development Activity for the month of February (Source: Sanbase)

“The Aragon community had a lot to be excited about in February, shipping new products and a number of important updates:



Want to help contribute to any of these projects, or start your own Aragon project? Join us by checking out the Aragon Developer Portal and "good first issues" in the Aragon GitHub organization, and dropping into the #dev channel on Aragon Chat. If you want to work on projects like these full time check out job openings in the Aragon ecosystem.”


4. Augur

Augur is a decentralized oracle and peer-to-peer protocol for prediction markets
Augur's Development Activity for the month of February (Source: Sanbase)

Here’s an excerpt from one of Augur’s recent github releases:


“Augur App v1.16.7

  • 🤓 Reduce the amount of requests that go to Ethereum nodes
  • 😢 Removing Alchemy URL for Mainnet from Augur App
  • 🐛 Update UI to handle breaking Metamask changes due this week.
  • 🕐 Move market cut-off date to Feb 8, 2020 UTC+0”

Also from the Augur weekly blog:


“The Forecast Foundation is excited to announce the launch of the public Augur v2 bug bounty program. Security is the number one priority in the Augur contracts, and now we're seeking help from the community in finding bugs and vulnerabilities prior to deployment.


The most critical and high-level class of bugs and vulnerabilities we're interested in are:

  • Loss of Funds
  • Manipulating Open Interest
  • Forking State"

5. Chainlink

Chainlink is a decentralized oracle network that connects blockchain-based smart contracts to external data sourcess
Chainlink's Development Activity for the month of February (Source: Sanbase)

In lieu of a team quote, here’s an excerpt from Chainlink’s recent community update:


"With Chainlink now able to reliably provide smart contracts access to any off-chain data source in a decentralized, secure and reliable manner, we’re thrilled to announce our upcoming meta oracle functionality, which extends Chainlink’s capabilities to aggregating and reacting to any/all on-chain data.


This meta oracle functionality allows users to combine any on-chain values with Chainlink’s own high quality off-chain data sources, while setting key conditions about how a smart contract should receive, react to and rely on this larger combined data set. Our goal with Chainlink’s meta oracle capabilities is to give smart contract developers more choice when deciding which data resources will be used to build and improve their DeFi smart contracts.


[...]While Chainlink already provides highly accurate off-chain data for DeFi, insurance, gaming and many other industries, we’ve found that some of the data being generated on-chain can be usefully combined with data about what’s going on in the larger off-chain world. We've also found that combining this data using Chainlink's off-chain aggregation or an on-chain meta oracle smart contract capability can sometimes provide useful functionality.


By combining Chainlink's existing off-chain data delivery, network of high quality nodes and existing on-chain data sets with any/all other on-chain data, we expect to see an expansion in what smart contract developers can build using various on-chain data sources."


6. Simple Token (OST)

OST is a support protocol for native tokens used in consumer applications
OST's Development Activity for the month of February (Source: Sanbase)

"Ost technology enables developers to seamlessly embed Ethereum layer-2 wallets into mainstream applications. By making it easy to create in-app tokens, Ost enables web platforms to use tokens to build community, drive engagement, and unlock new revenue opportunities. Ost easily integrates into existing apps with unified APIs and SDKs.


It’s exciting, though not surprising for us, to be listed once again as one of the top 10 most active dapps. Our development team is busily focused on growing Pepo, the popular crypto community dapp that demonstrates the capabilities of Ost tech: the blazing fast speed and seamless user experience that make Pepo the “dapp that feels like an app”.


Because Pepo is designed with Ost, there’s no need for external wallets or extra pop-ups — users can join in moments and immediately start using tokens to engage with content and other users.We’re continuously shipping new features based on user demand. The newest Pepo features include Communities, which allows users to make meaningful connections and share their passions; camera upgrades; our QR codes reader feature; and webhooks, enabling users to integrate Pepo videos to any website.


We are committed to using Pepo to help strengthen the Ethereum community, and recently announced our partnership with OneMillionDevs — a ConsenSys project aimed at encouraging more developers to build on Ethereum. On Pepo, we will highlight the individual journeys of Ethereum developers, and help developers connect and collaborate on the Ethereum 2.0 roadmap."

7. Raiden Network

Raiden Network facilitates fast, cheap, scalable token transfers for Ethereum
Raiden's Development Activity for the month of February (Source: Sanbase)

"In February the team focussed on bug fixing and improvements of the Matrix transport layer.


The team is constantly working towards improving and getting rid of bugs before releasing Alderaan on the mainnet.


The light client keeps on progressing and one of the major new features is derived subkey support, which means that users no longer have to manually sign every single transaction. From a user perspective this makes a big difference, and the team is looking forward to showing this feature at EthCC, where they will be doing a workshop on the light client."


8. 0x

0x is creating an open protocol for decentralized exchange of assets on the Ethereum blockchain
ZRX's Development Activity for the month of February (Source: Sanbase)

Here’s an excerpt from 0x cofounder’s recent thread:


“Lots of exciting progress happening behind the scenes lately. A few highlights:

0x Mesh is chugging along. Mesh is a censorship-resistant p2p network for distributing off-chain orders. Light-weight node runs in browser: https://mesh-viz.0x.org Used in Augur v2.


0x API is performing well. https://0x.org/api Plugs into money legos. Provides access to deep liquidity. 0x API combines liquidity from multiple DEX protocols to consistently provide the lowest slippage across most trade sizes. $5k trades in ETH/DAI shown below.


The protocol fee and staking system introduced in 0x v3.0 are functioning properly. Each trade incurs a fee denominated in ETH or wETH. Fees accumulate over 10 days before being paid out to market makers that establish staking pools.


0x v3.0 now supports "property-based orders" which unlock sophisticated market making strategies within NFT markets. NFT marketplace @TokenTrove added support for this feature earlier in the month and it has already driven hundreds of @GodsUnchained card trades.”


9. Maker

MakerDAO is building a decentralized stablecoin collateralized by crypto and governed by the community
Maker's Development Activity for the month of February (Source: Sanbase)

Here are the major milestones from the Maker team for the month of February:

  • "The smart contracts team has been working on improving readability and turnaround time of our weekly executive spells, as well as tools like dss-interfaces that make integrating with our smart contracts better and easier.
  • We've also been doing an internal audit of some new code.
  • Improvements to our front-ends with data subscription/fetching optimizations (advanced work done on dai.js w/multicall)."

10. Neufund

Neufund is a blockchain-based equity fundraising platform
Neufund's Development Activity for the month of February (Source: Sanbase)

“At the beginning of the year we've focused on implementing automated identity verification by integrating IDnow and Onfido services on our platform. The new feature allows our users to submit their documents quickly and easily and get verified to start investing on Neufund.


In addition, the identity verification flow has been made mobile-friendly, allowing users to verify their identity with ease on their mobile devices. Moreover, our development team has worked extensively to improve internal functionality tests which are used for testing new features. Improvements were made in the existing testing flows as well as new automated tests were introduced.


Follow our monthly Product Updates and check out the progress live on GitHub; most of our development is open source.”

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Check out Sanbase for more information on development, social, and on-chain activity of all ERC-20 coins, as well as ETH, BTC, XRP, EOS and more!

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