Polkadot Tops Rivals in Developer Activity Following Influx From Solana

  • The proof of stake network and its pre-production platform Kusama had the most activities last month. 
  • Cosmos, Internet Computer, Decentraland, and Ethereum are among the busiest blockchains.

Cryptocurrencies are emerging from last year’s catastrophic events, with prices of most digital assets looking up. Amidst the improving sentiment, developer activity is also on the rise, especially among the non-Ethereum blockchains.

The market intelligence platform Santiment released the latest data on developer activity over the past month, ranking Polkadot and its pre-production platform Kusama at the top, with 558 GitHub commits.

Polkadot’s thrust to become the top blockchain with the most activities mirrors the strides the blockchain, which describes itself as a ‘blockchain of blockchain,’ makes in connecting other networks. That includes the just concluded merging of the network’s XCM version 3 for bridges, cross-chain locking, and transfers of non-fungible tokens. The network was also one of the beneficiaries that received the most developers after the collapse of the Solana network.

Also making waves among the blockchain with notable development activity is no surprisingly Cardano with 506 GitHub commits. The smart contracts blockchain has been abuzz with significant network upgrades lately, including the most recent cross-chain scalability-enabling SECP upgrade.

Internet Computer, Decentraland, and Ethereum

Internet computer and Decentraland ranked third and fourth with 415 and 389 dev activities, respectively, ahead of Ethereum, which had 365. Notably, the top altcoin had attracted less activity in the period, a far cry compared to 2022, when it ranked top. Equally, Ethereum recently lost the top spot in daily transactions to rival Arbitrum, underscoring the heated competition the second-largest blockchain faces. 

Other notable blockchains made to the top ten list are Cosmos, Status, Vega Protocol, and Filecoin, with 359, 355, 352, and 305 dev activities in the last 30 days.

Santiment’s reports come when the sector is paring some gains made following an extended market rally that started at the beginning of the year. At press time, the global crypto market cap was down 3% to $1.04 trillion, according to data by CoinMarketCap. Ether is down 3%, while Polkadot’s DOT had dropped 4% in the same period.

Source: Read Full Article