Cardano recorded the highest development activity in November
Cardano (ADA) development activity in the month of November was one higher than any other project in the world of cryptocurrencies. This left data from on chain analysis platform Santiment know in a tweet on [...] The post Cardano...
Cardano (ADA) development activity in the month of November was one higher than any other project in the world of cryptocurrencies. This left data from on chain analysis platform Santiment know in a tweet on December 1.
— Santiment (@santimentfeed) December 1, 2022
Santiment ranks crypto projects based on the number of Github commits, also called contributions. Github is a platform where developers can code software together. By providing insight into the number of contributions in Github, one can estimate how active the community of developers of a particular crypto project.
The Cardano network recorded a total of 572.67 Github commits in November, while Polkadot (DOT) was number two on this list with a total of 486.13 commits.
Earlier you could read in the Cardano news that the number of smart contracts on the network had increased by no less than 300% in 2022. On January 1, the total number of smart contracts was 947 and exactly 11 months later, on December 1, this number had increased to 3,944.
On September 22, the network also implemented the Vasil update, which, among other things, would make transactions faster and cheaper and the smart contracts would get more functionalities.
Growth Cardano network
The month of November was not only excellent for development activity on the network. The network itself managed to add a total of 100 thousand new wallets in the past month. Interest in the network therefore continues to grow despite the current market conditions.
The collapse of FTX has precisely ensured that crypto investors want to be in charge of their own cryptocurrencies, which has also resulted in a sharp increase in the number of unique wallet addresses on the Cardano network.
In the past month, two major announcements related to the Cardano network were also made. In fact, two new stablecoins will be available in early 2023: the dollar-backed USDA and the algorithmic stablecoin Djed.
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