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0 CommentsOver the past month, the highest blockchain development activity was recorded in Cardano (ADA), Polkadot (DOT), Kusama (KSM), Cosmos (ATOM), Decentraland (MANA), and Ethereum (ETH) – data from Santiment revealed. Development activity indicates a project’s dedication to creating a viable product.
According to Santiment, Cardano (ADA) is currently the most actively developed crypto. Multiple innovations to the Cardano ecosystem have been revealed this month. ADA leads all other cryptos, with a development activity rate of 444.53.
Polkadot (DOT) has been amongst the highest crypto concerning development activity, leading ahead of Cardano in October. However, DOT has since fallen to 2nd place with a development activity of 402.33.
Meanwhile, Polkadot’s sister network Kusama (KSM) has the same development activity rate as DOT, 402.33. Kusama ensures Polkadot safety by working as a warning system for any issues or updates that could jeopardize the stability of the network.
Cosmos (ATOM) is 4th ranked with a development activity of 346.23. Cosmos prioritizes interoperability, allowing different blockchains to cooperate without conflict. Developers no longer depend on the same blockchains for their decentralized applications (DApps), equaling a high development activity rate.
Decentraland (MANA) sits just behind ATOM, with a development activity rate of 303. Decentraland is a decentralized metaverse platform that uses the Ethereum blockchain. Within Decentraland, users can design, experience, and monetize content and applications, enticing developers with multiple ways to earn profits within its metaverse.
Closing the top 6 is Ethereum (ETH), with a development activity rate of 294.03. Market sentiment presumes that decentralized applications rely on the Ethereum blockchain for their growth. With its decentralized and open-source nature, Ethereum fosters the development of smart contracts and DApps for developers leading to its consistently high development activity.
Despite the Solana ecosystem was affected by the FTX collapse, this did not deter the Solana team from working on new developments for the network.
Data from Santiment indicates that development for Solana is steadily picking up. Solana’s developer activity metric stands at approximately 20.2 at the time of writing. Contrary, active developers working on Solana blockchains have decreased from 2,000 to about 75.
Amid the market’s current bearish stance, these growing development activities can help investors in regaining trust in the crypto sector.
