• 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

3 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

BNB Trading Volume Surges Ahead of Key Price Level

chest

BNB trading activity saw a significant increase on July 31, with a 65% rise in 24-hour volume as the token approached the $600 mark.

user avatarDiego Alvarez

Coinmarketcap Releases New Report on Market Data

chest

A report has been released by Coinmarketcap focusing on market data.

user avatarKenji Takahashi

Institutional Inflows into XRP ETFs Indicate Growing Interest

chest

Recent reports indicate significant inflows into US spot XRP ETF products, highlighting growing institutional interest in regulated access to XRP.

user avatarMaria Fernandez

XRP Holds Steady Above 104 as Whale Activity Declines

chest

XRP is trading above the critical support level of 104, with decreased whale activity on Binance suggesting a quieter market phase.

user avatarGustavo Mendoza

US Government Bans Import of Advanced Robotic Devices from Foreign Countries

chest

The US government has announced an import ban on advanced robotic devices from foreign countries, particularly targeting China.

user avatarRajesh Kumar

Major US Banks Successfully Test Tokenized Cross-Border Payments

chest

Several major US banks, including JPMorgan, Citi, and UBS, have begun testing tokenized cross-border payments, settling transactions in an average of 80 seconds.

user avatarMiguel Rodriguez

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.