The Leading Cryptocurrency Networks by Development Activity
The leading cryptocurrency network in terms of development activity is Polkadot ($DOT), followed by Kusama ($KSM) and Cardano ($ADA). This information is based on data from on-chain analytics firm Santiment, which measures development activity by analyzing events on the project’s public GitHub repositories.
Key Points:
- Development activity refers to the work completed by developers on a cryptocurrency project within the past 30 days.
- Santiment’s metric focuses on events rather than the total number of commits to provide a more accurate representation of developers’ work.
- Forking a repository is counted as a single event to avoid falsely attributing older commits to new developers.
- Polkadot and Kusama have a significant lead in development activity, with values of 486 for both coins.
- Hedera ($HBAR) and Chainlink ($LINK) rank fourth and fifth, respectively.
Hot Take:
The high development activity on Polkadot, Kusama, and Cardano indicates the commitment of developers to these projects. This is a positive sign that these cryptocurrencies are not just exit scams.
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