Cardano Leads in Developer Activity
Cardano has experienced significant development activity throughout September, despite the overall slowdown in the crypto market. According to data from Santiment, Cardano scored an impressive 572, surpassing other prominent projects such as Polkadot, Hedera, Chainlink, and Cosmos.
Cardano Bounces Back
In the second half of 2023, Cardano faced challenges due to regulatory concerns and competition from layer-2 networks like Base, Arbitrum, and Optimism. However, the platform has made a comeback with a notable increase in developer activity. Despite Cardano’s native token trading below $0.25 in September, the surge in developer activity indicates that the team remains committed to advancing the network.
Other Projects Follow
Polkadot and Chainlink closely trail behind Cardano with scores of 501 and 388 respectively. Hedera, Cosmos, Aptos, and Avalanche also show significant developer activity with scores of 358, 338, 248, and 242 respectively.
spike across various metrics after months of low activity. Over the past 30 days, the platform’s UAW was up by more than 7% to 19.92k, while its volume witnessed a boost of over 943% during the same period and currently stood at $3.53 billion, according to data from DappRadar.
Meanwhile, its transaction count was recorded to be at 451.19k after a 15% over the timeframe.
Hot Take: Cardano Dominates Developer Activity
Cardano’s consistent developer activity in September highlights the team’s dedication to advancing the network, despite the challenges it has faced. While its native token may not have performed as desired, Cardano remains at the forefront of development in the crypto space. This positions the platform well for future growth and innovation.
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