The Rise of Blockchain Development
As the new year begins, the blockchain mainnet teams are hard at work expanding their ecosystems. Despite the recent turmoil in the cryptocurrency industry caused by the FTX crash, progress is still being made. The commitment and knowledge of volunteers is a vital resource and often indicates a project’s growth potential.
lead five cryptocurrencies for development
Polkadot (DOT) and Kusama (KSM) currently have the highest developer activity on GitHub, according to statistics from Santiment. Cardano (ADA), which uses a stake verification method and has a development activity score of 337, is in third place.
For those who don’t know, GitHub is a platform that allows programmers to work together on the same project.
As reported on GitHub, Decentraland (MANA), Status (SNT), and Cosmos (ATOM) round out the top 5 in terms of development activity. The list also mentions Filecoin (FIL), Internet Computer (ICP), Ethereum (ETH), and Concordium (CCD).
Does development activity affect the price of a token?
It is important to note that Kusama, Polkadot’s sister channel for experimental development and early deployment, has the same score for development activity. The price of Cardano (ADA), which is up 50% in the last 30 days and 8% in the last week, has also won.
Similarly, the price of Decentraland, a major project in the Web3 metaverse, has surged 73%, bringing the cryptocurrency back to pre-FTX levels. Other projects on the list, including ICP, ATOM, and FIL, have also posted notable value increases of 53%, 45%, and 78%, respectively, recently.
13:00:30 – Real time data