Cloud-Focused Web3 Altcoin Leads in Development Activity: Santiment
A recent report from analytics firm Santiment reveals that the public decentralized network Internet Computer (ICP) has taken the lead in development activity among all crypto projects. According to Santiment’s data, ICP registered 466.9 GitHub commits in the past 30 days, surpassing other projects.
Advanced Methodology for Data Collection
Santiment emphasizes that it only considers “true” GitHub commits and excludes routine updates. The firm employs an advanced methodology to collect accurate data on development activity.
Internet Computer’s Aim and Trading Performance
Internet Computer aims to introduce serverless cloud functionality to the public internet. Currently, its native asset ICP is trading at $13.45, with a decline of nearly 2% in the past 24 hours.
Other High-Ranking Projects
In terms of development activity, Cardano (ADA) ranks second with 434.3 commits in the last month. Polkadot (DOT) and Kusama (KSM) are tied for third place with 431.33 commits each. Optimism (OP), an Ethereum layer-2 scaling project, secures fifth place with 405.7 commits.
Positive Indication of Project Success
Santiment has previously stated that extensive development activity within a crypto project signifies a positive indication of potential success or upcoming new features. It also suggests a lower likelihood of the project being an exit scam.
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