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06/01/2024

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Layer-1 Ethereum Competitor Leads Crypto Space in Terms of Development Activity: Analytics Firm Santiment - The Daily Hodl

New data from crypto analytics platform Santiment reveals that a layer-1 Ethereum (ETH) competitor is leading the industry in terms of development activity. In a new post on the social media platform X,...

Layer-1 Ethereum Competitor Leads Crypto Space in Terms of Development Activity: Analytics Firm Santiment - The Daily Hodl

New data from crypto analytics platform Santiment reveals that a layer-1 Ethereum (ETH) competitor is leading the industry in terms of development activity.

In a new post on the social media platform X, Santiment says that decentralized app protocol Hedera (HBAR) is leading the crypto space in development activity over the last 30 days, overtaking smart contract platform Cardano (ADA) and layer-2 scaling solution Optimism (OP).

Other notable digital assets on the top 10 list of digital assets with the most development activity include layer-2 scaling solution Polkadot (DOT) and its sister blockchain Kusama (KSM), oracle provider Chainlink (LINK), and interoperable blockchain protocol Cosmos (ATOM).

“Here are crypto’s top coins by development frequency. The team at Hedera has been the most active over this timeframe. The below list is sorted by counting any non-redundant activity from a project, and averaging this daily activity over the past 30 days:

1) Hedera

2) Optimism

3) Cardano

4) Chainlink

5) Starknet

6) Ethstatus

7) Dfinity

8) Cosmos

9) Polkadot

Tied 9) Kusama Network.”

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Source: SantimentX

The market intelligence firm’s chart indicates that Hedera has a development activity score of 552.97 over the last 30 days, surpassing both Optimism and Cardano, which had scores of 543.13 and 539.53, respectively.

In February, Santiment found that HBAR was ranked 6th on the top 10 list of crypto assets with the most development activity, behind Cardano, Polkadot, Kusama, Optimism, and public decentralized network Internet Computer (ICP).

Hedera is trading for $0.0998 at time of writing, a 1.82% decrease over the last 24 hours.

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