Santiment Rankings Reveal Shift to Fresh Liquidity Layer Projects

Santiment's latest yield farming development rankings have Yearn Finance and Aave taking top spots, while Gearbox Protocol surged into the top five.

The rankings, based on GitHub activity across project repositories, show that despite DeFi tokens experiencing sideways movement in price, certain teams are actively shipping code. This suggests a shift in focus for builders, with fresh liquidity layer projects like Yield Basis gaining traction.

Yearn Finance claimed the top spot, while Aave's Ethereum deployment rose to third place. Gearbox Protocol entered the top five with a sharp upward move, indicating active work on its leveraged yield strategy framework.

On the other hand, established names like Katana and Beefy Finance saw their rankings slip, raising questions about how they plan to retain developer talent and liquidity in a competitive market.