With the recent crypto market recovery, development activity on many prominent blockchain projects remains strong, according to fresh data released by Santiment today.
As per the data, Cardano, Ethereum, Solana, XRP, Bitcoin, and others top the rankings of crypto projects with the highest developer contributions. Here is the entire list below.
ADA and ETH lead in developer activity
The grading shows projects attracting the most development activity, highlighting their continued innovation and growth. Developer activity is measured by the amount of GitHub events, showing how developers are proactively working on a project’s code repository.
Cardano
The assessment, which analyzed GitHub events as an indicator for developer engagement, disclosed that Cardano outperformed its peers with 329 events.
Cardano registered the highest number of GitHub events in the past 30 days. This high level of developer activity is a testimony to the project’s consistent efforts to improve its ecosystem, including the development of dApps and smart contracts.
Ethereum
Despite failing into the second position with 197 GitHub events, Ethereum remains the key environment of developer activity. Its transition to the Proof-of-Stake mechanism and Eth2 continues attracting more developers seeking energy efficiency, scalability, and security.
Solana
Solana takes the third position with 100 GitHub events, indicating a significant rise in development activity within the SOL ecosystem over the last 30 days. These figures not only showcase the ecosystem’s ability to attract and retain talents but also a rising interest and engagement in the network’s development activity.
XRP
XRP clinches the fourth position with 74.17 events demonstrating significant development activity amid a tremendous increase in its price and market capitalization. This signifies the project’s resilience and commitment to technological growth.
Bitcoin
Bitcoin, the project with the largest market cap at $2.06 trillion, registered 68.17 GitHub events. Its price rise of 8.3% over the past 30 days underscores a stable and continued development momentum.
Lido staked ETH
Lido staked ETH scooped the sixth position with 56.2 events, displaying consistent dedication to improving interoperability solutions.
Binance Chain
BNB, which focuses on simplicity and speed, enabling fast transactions of digital assets, took the seventh position with 36.87 events. This level of development activity highlights its growth potential.
TRON
TRON followed with 4.77 events, recognized for offering a low-cost, fast, and scalable platform for developers to build and deploy smart contracts and dApps. It attracts significant development activity as it is deemed a potential alternative to Ether for some applications, especially where low costs and high speed are crucial.
Dogecoin
Dogecoin secured position nine with 0.7 events, indicating some significant developer activity, particularly reflecting constant efforts to enhance scalability solutions.
Tether
Lastly, Tether, with a market cap of $138.19 billion, closed the list with 0.36667 events, suggesting some significant developer contributions.
Why developer activity is important
Assessing developer activity is essential to understanding the value and potential of crypto projects. The frequency of GitHub events offers insights into a project’s adapting to user needs and long-term potential.
Also, stable growth in developer activity normally highlights product improvements or new features. In other words, high developer activity typically indicates consistent improvements and innovations, providing crypto investors and users with a clear outlook of which projects are innovative.
