Cardano Surpasses Polkadot in Development Activity
Data from on-chain analytics firm Santiment reveals that Cardano (ADA) has overtaken Polkadot (DOT) as the number 1 cryptocurrency in terms of development activity. The measurement is based on the total work done by developers on the public GitHub repository of each project over the past 30 days.
Main breakdowns of the key points:
- Development activity is measured in terms of “events” on the GitHub repository.
- Cardano’s developers have made over 500 daily submissions, indicating significant effort.
- Polkadot and Kusama are tied for second place with an average of 493 daily events.
- Ethereum has fallen out of the top ten list.
- High development activity suggests commitment to the project and long-term growth potential.
This development is a positive sign for Cardano’s future, as it demonstrates the dedication of its developers. While the metric is not the sole determinant of a project’s legitimacy, it is an important factor to consider. Cardano’s current price is around $0.26, experiencing a 10% decline in the past week.
Hot Take: Cardano’s surpassing of Polkadot in development activity showcases its potential for long-term growth and solidifies its position in the crypto market.
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