• 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

Large TRUMP Token Transfer Raises Market Concerns

chest

A significant transfer of 697 million TRUMP tokens to a custody wallet has sparked worries about potential market supply.

user avatarElias Mukuru

Gemini's Stock Plummets Amid Bankruptcy Concerns

chest

Gemini's stock has dropped significantly, raising fears of potential bankruptcy as multiple issues plague the crypto exchange.

user avatarDiego Alvarez

Technical Analysis Reveals Key Support and Resistance Levels for AUDJPY

chest

Technical analysts emphasize the significance of the 11000 level and the descending channel pattern for AUDJPY, indicating potential recovery opportunities.

user avatarKenji Takahashi

Optimistic Analysts Suggest Dogecoin May Be Preparing for Bull Run

chest

Analyst Trader Tardigrade suggests Dogecoin may be preparing for a bull run as it retests a historical support level, indicating potential recovery and price expansion.

user avatarMaria Fernandez

NVIDIA Faces Class Action Lawsuit Over Concealed Cryptomining Sales

chest

A US federal judge has allowed a class action lawsuit against NVIDIA to proceed, alleging the company concealed over $1 billion in cryptomining-related sales.

user avatarRajesh Kumar

Binance Seeks Settlement with Nigerian Tax Authorities Over $2 Billion Claim

chest

Binance is seeking an out-of-court settlement with Nigeria's tax authorities over a $2 billion claim for unpaid taxes.

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.