Analysis of Development Activity in Crypto Space

A recent report from crypto analytics platform Santiment highlights a prominent Ethereum competitor leading the industry in terms of development activity.

In a recent update shared by Santiment on social media platform X, it was acknowledged that the decentralized app protocol Hedera (HBAR) has emerged as a front runner in the realm of crypto development activity within the last 30 days, outperforming other major players such as Cardano (ADA) and Optimism (OP) in the process.

Several noteworthy digital assets featured in the top 10 list of assets showcasing substantial development activity include Polkadot (DOT), Kusama (KSM), Chainlink (LINK), and Cosmos (ATOM) - each contributing significantly to the sector's technological advancement.

Here are the leading coins in the crypto sphere based on their development frequency. Hedera's team has exhibited the highest level of activity during this period. The list below is arranged by tallying non-repetitive activities from projects and calculating the average daily activity observed over the past 30 days:

1) Hedera 2) Optimism 3) Cardano 4) Chainlink 5) Starknet 6) Ethstatus 7) Dfinity 8) Cosmos 9) Polkadot Tied 9) Kusama Network.

The market intelligence firm's data indicates that Hedera has garnered a development activity score of 552.97 in the last month, surpassing the scores of Optimism and Cardano, which stood at 543.13 and 539.53, respectively.

Previously in February, Santiment's findings placed HBAR in the 6th position among the top 10 crypto assets with the highest development activity, trailing behind Cardano, Polkadot, Kusama, Optimism, and Internet Computer (ICP) - a public decentralized network.

At the time of reporting, Hedera is valued at $0.0998, registering a 1.82% decrease in the past 24 hours.