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Cardano Ecosystem

The Daily Hodl

12/03/2022

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Cardano Is ‘Head and Shoulders’ Above Ethereum, Polkadot and Other Crypto Assets in One Metric: Santiment - The Daily Hodl

Smart contract platform Cardano (ADA) is unsurpassed compared to other digital assets when it comes to one key metric, according to market intelligence platform Santiment. Santiment says that based on...

Cardano Is ‘Head and Shoulders’ Above Ethereum, Polkadot and Other Crypto Assets in One Metric: Santiment - The Daily Hodl

Smart contract platform Cardano (ADA) is unsurpassed compared to other digital assets when it comes to one key metric, according to market intelligence platform Santiment.

Santiment says that based on submissions to software development hosting platform GitHub, Cardano by far recorded the highest level of development activity over the last 30 days.

“Cardano is head and shoulders above all other crypto assets on development activity.”

According to the crypto analytics firm, Cardano recorded 18% more GitHub development activity than Polkadot (DOT), which came in second.

Cardano also outperformed interoperability blockchain Cosmos Network (ATOM), which came in fourth position, while Ethereum (ETH), the second-largest crypto asset by market cap, came in at fifth place.

“The full top 10 list of development activity, factoring only notable GitHub commits:

1) Cardano (ADA)

2) Polkadot (DOT)

3) Kusama (KSM)

4) Cosmos (ATOM)

5) Ethereum (ETH)

6) Internet Computer (ICP)

7) Status (SNT)

8) Decentraland (MANA)

9) Filecoin (FIL)

10) Vega Protocol (VEGA).”

Santiment previously said that heavy development activity centered around a crypto project is a positive indication that could mean that the developers believe the protocol will be successful or shipping new features. It also indicates that there is less possibility that the project is just an “exit scam.”

This is not Cardano’s first time ranking as the crypto project rife with the most development activity.

Earlier this year, Santiment documented that Cardano had recorded the highest number of GitHub commits among crypto assets.

Cardano is changing hands for $0.31 at time of writing, a 1% gain during the last 24 hours.

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