Polkadot ($DOT) and Cardano ($ADA) Maintain Crypto Development Activity Lead, Data Shows
Polkadot ($DOT), a blockchain network often described as a “blockchain of blockchains,” has maintained its position as the leading cryptocurrency network by development activity. It’s followed by its pre-production network Kusama and smart contract platform Cardano ($ADA).
According to data shared by on-chain analytics firm Santiment, Polkadot’s development activity, along with that of its pre-production network Kusama, over the last 30 days was superior to that of every other network in the cryptocurrency ecosystem.
Development activity, it’s worth noting, is a metric measuring the development activity in projects’ public GitHub repositories, and does not include private repositories’ work.
🧑💻 Top 10 #crypto asset development activity: notable #github commits, past 30 days:
1) #Polkadot $DOT
2) #Kusama $KSM
3) #Cardano $ADA
4) #InternetComputer $ICP
5) #Decentraland $MANA
6) #Ethereum $ETH
7) #Cosmos $ATOM
8) #Status $SNT
9) #VegaProtocol $VEGA
10) #Filecoin $FIL pic.twitter.com/QcnCwsnXDM— Santiment (@santimentfeed) February 22, 2023
Santiment tracks development events instead of just GitHub commits, as according to the firm its methodology “successfully avoids” specific pitfalls, which for example include projects forking others to “inherit” their commits and contributions.
An “event” refers to actions on the platform like pushing a commit, creating an issue, creating a pull request, forking the repository, and others.
A simple count of total commits would then not accurately reflect the activity of a developer who created a fork, as they would not be responsible for the work done by the original team. With Santiment’s “events” metric, a fork counts as one event.
Cardano came in third place in the ranking, ahead of Internet Computer ($ICP), Decentraland ($MANA), Ethereum ($ETH), and Cosmos ($ATOM). Status ($SNT), Vega Protocol ($VEGA), and Filecoin ($FIL) also made it to the top 10.
As CryptoGlobe reported, Polkadot saw its active user numbers surge 300% amid last year’s cryptocurrency market rout. Polkadot’s main blockchain, called the relay chain, does not support smart contracts, but other blockchains connected to it can support them.
As a result, Polkadot is expected to become a growing ecosystem of cryptocurrencies that competes with other smart contract networks such as Ethereum, the BNB Chain, and more. It was launched in 2020 and brings a number of technical features that help it reach its goal.
DOT is the native cryptocurrency of the Polkadot network and serves as its governance token. DOT holders can stake their tokens to vote on network upgrades and help decide the future of Polkadot by actively participating in its governance, according to CryptoCompare.
