Developer activity is the key metric to access the health and growth potential of blockchain technology. The recent 30-day development activity data Santiment suggests that Internet Computer ($ICP), Cardano ($ADA), and Hedera ($HBAR) are among the top blockchain projects. The report ranks the contributors, offers their market influence, and focuses on innovation based on the 30-day development activity.
Internet Computer ($ICP) and Cardano ($ADA) Lead Development Metrics
Internet Computer ($ICP) ranks first in the 30-day development activity with a score of 560.03, which underlines its stable technical improvement and dedication to network development. The project has a market capitalization of $4.39 billion, and the trading volume was $114.78 million in the past week, a 40.05% decrease.
Cardano ($ADA) is in second place, with a 409.83 development activity score. The blockchain, which operates on smart contracts, has a market capitalization of $34.75 billion and experienced a 28.83% decline in trading volume, valued at $499.67 million. This activity level demonstrates that both projects are focused on the future development of new technologies in the blockchain sphere.
Growth of Development Scores of Mid-Cap Projects
Ethereum ($ETH), Solana ($SOL), and BNB also show remarkable development activity scores with values of 385.33, 350.53, and 347.87, respectively. In contrast, Hedera ($HBAR), Chainlink ($LINK), and StarkNet show scores of 406.27, 394.83, and 354.83, respectively.
At the same time, StarkNet, a Layer 2 solution that aims to enhance throughput, focuses on the industry’s application layer. Although it has a lower market cap of $907.73 million, its development activity shows ongoing enhancements, given the network requirements. As per Santiment, Other new entrants that underscore the sector’s growth include Optimism ($OP), Kusama ($KSM), and Polkadot ($DOT). The Optimism development score is 324.63, which aligns with Ethereum scaling solutions, while Kusama and Polkadot, with scores of 254.77, each focuses on interoperability.Â
Ethereum ($ETH), still another market leader, was also active in development with a score of 242.83. According to the development activity rankings, the sector is highly competitive with projects focusing on innovation to address emerging market and user needs.
