• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M
Polkadot ($DOT), Kusama ($KSM), and Cardano ($ADA) Emerge as Front-Runners in the Crypto Development Race, According to Data

Polkadot ($DOT), Kusama ($KSM), and Cardano ($ADA) Emerge as Front-Runners in the Crypto Development Race, According to Data

user avatar

by Max Nevskyi

2 years ago


The leading cryptocurrency network in terms of development activity is Polkadot ($DOT), often referred to as the "blockchain of blockchains." This position is supported by data from on-chain analytics firm Santiment. Following closely behind Polkadot is Kusama ($KSM), which serves as a public pre-production environment for Polkadot. Cardano ($ADA), a smart contract platform, secures the third spot on the list.

In this context, "development activity" pertains to the volume of work completed by developers within the past 30 days on a cryptocurrency project's public GitHub repositories. Santiment's unique metric focuses on "events" rather than the raw number of commits. These events encompass a range of actions on GitHub repositories, such as committing code, creating issues, or forking repositories.

Crypto Development Race

This methodology offers a more accurate representation of developers' actual contributions. It avoids inaccuracies that can arise from counting development activity solely based on commits. For instance, when a repository is forked, it generates a duplicate with all previous commits. By treating the act of forking as a single event, Santiment avoids attributing old commits to new developers.

Santiment's data indicates that both Polkadot and Kusama stand out in terms of development activity, each registering a value of 486 for this metric. This places them well ahead of other cryptocurrencies. Hedera ($HBAR) occupies the fourth position, with Chainlink ($LINK) following in fifth.

Over recent years, both Polkadot (DOT) and Kusama (KSM) have demonstrated consistent growth in development activity. In contrast, Cardano (ADA) has maintained a relatively stable level of activity, albeit at a high level.

Development activity serves as a vital indicator of developers' dedication to a project. While not the sole metric, a high level of activity generally suggests a positive commitment to a project and can help distinguish legitimate efforts from potential exit scams.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Leveraging XTD and OTC Data for Effective Volume Analysis

chest

Effective volume analysis in the derivatives market requires segmenting data sources into Exchange-Traded Derivatives (XTD) and Over-The-Counter (OTC) derivatives.

user avatarSatoshi Nakamura

Volume Divergence as a Technical Warning Signal

chest

Volume divergence serves as a leading indicator of potential trend changes in the derivatives market.

user avatarLucas Weissmann

Understanding the Global Derivatives Market's True Risk

chest

The global derivatives market presents a distorted view of actual capital flow and risk due to regulatory distortions, with analysts encouraged to focus on Gross Market Value for a clearer understanding of credit risk.

user avatarFilippo Romano

Plume Partners with Securitize to Enhance Tokenized Asset Trading

chest

Plume has announced a partnership with Securitize to list institutional-grade assets on its Nest staking protocol.

user avatarNguyen Van Long

RWA Market Expected to Triple by 2026

chest

Recent forecasts suggest that the market for tokenized real-world assets (RWAs) could more than triple by 2026, driven by mainstream adoption and regulatory clarity.

user avatarEmily Carter

Ash Shares Insights on Blockchain and Web3 in Pakistan

chest

Ash shares insights on blockchain and Web3 initiatives in Pakistan, focusing on grassroots efforts and the importance of education, regulation, and real-world adoption in shaping the future of cryptocurrency.

user avatarTomas Novak

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.