Logo
Cardano Ecosystem

Bitcoinke

01/05/2022

·

802 views


Cardano Blockchain Attracted the Most Developers in 2021, Says a Santiment Study

According to Santiment, a blockchain analysis firm, the Cardano blockchain was where most of the development in crypto and blockchains in 2021 took place. This is surprising given the dominance that Ethereum blockchain has. In 2021, Ethereum was responsible...

Cardano Blockchain Attracted the Most Developers in 2021, Says a Santiment Study

Advertise on Bitcoinke

Top 20 Projects by Total Instances of Development Activity

According to Santiment, a blockchain analysis firm, the Cardano blockchain was where most of the development in crypto and blockchains in 2021 took place.

This is surprising given the dominance that Ethereum blockchain has. In 2021, Ethereum was responsible for over 63% of the entire total value locked in DeFi.

Furthermore, Santiment established that Ethereum came 4th after Kusama and Polkadot ecosystems which came very close after Cardano – all with over 140,000 instances of development activity.

Ethereum had a much lower number at just over 100,000 instances of development activity.

______________________________________________________________________

SEE ALSOCardano Signs an MoU with Burundi After Zanzibar

______________________________________________________________________

Santiment’s development activity is taken as a measure of developer confidence in a blockchain ecosystem as a project – and the results from Santiment are an indicator of the low-key strength of the 3 top chains and the pressure that Ethereum is facing because of its high fees and poor throughout.

Santiment also tracked blockchains according to the quantity of contributing developers to a project’s GitHub repository, and Cardano, once more, was the leader – as the trend held.

Cardano, founded by Ethereum co-founder, Charles Hoskinson, prides itself as an eco-friendly and full Proof-of-Stake blockchain with smart contract functionality. Furthermore it is much cheaper and faster compared to Ethereum and users can even stake ADA tokens to earn passive income.

Polkadot and Kusama are related sharing the same underlying architecture, referred to as a multichain, heterogeneously-sharded design based on Nominated Proof-of-Stake (NPoS).

Differences between Polkadot and Kusama

Interestingly, another crypto analytics firm, Messari, however, has Ethereum as the leading protocol when it comes to monthly development activity.

Monthly Development Activity

According to Messari, while Polkadot has witnessed an increased rate of activity in 2021, Solana has performed stronger after the leader, Ethereum.

Messari has also highlighted Cosmos as the 4th ecosystem in development activity.

______________________________________________________________________

RECOMMENDED READING: Crypto Companies Raised Over $25 Billion in 2021 – Nearly 10x Compared to 2020

______________________________________________________________________

Thank you for your support by helping us create content:

BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT

____________________________________________________________________

Follow us on Twitter for latest posts and updates

Join and interact with our Telegram community

_____________________

Subscribe to the channel below to keep updated on latest news on video:

_____________________________________________________________

Advertise on Bitcoinke

AD

SNEKbot by DexHunter on CARDANO

Cardano's Telegram Trading Bot live on Cardano mainnet!TRADE NOW!


Read Original Article on Bitcoinke

ORIGINAL SOURCE

https://bitcoinke.io/2022/01/cardano-blo...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


Genius Yields DEX Launched!

More from Bitcoinke

See more
Pezesha, a Kenyan Leading Digital Lending Platform, Raises $11 Million, with Investment from Cardano
Bitcoinke
Pezesha, a Kenyan Leading Digital Lending Platform, Raises $11 Million, with Investment from Cardano

08/31/2022

·

702 views

Related News

See more
Genius Yields DEX Launched!

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)