Logo
Cardano Ecosystem

The Daily Hodl

04/28/2023

·

169 views


Polkadot, Kusama and Cardano Massively Dominating Crypto Assets in One Critical Metric: Santiment - The Daily Hodl

A blockchain analytics platform is revealing that over the past 30 days, Polkadot (DOT), Kusama (KSM) and Cardano (ADA) have emerged as the top-three crypto assets in development activity.

Polkadot, Kusama and Cardano Massively Dominating Crypto Assets in One Critical Metric: Santiment - The Daily Hodl

A blockchain analytics platform is revealing that over the past 30 days, Polkadot (DOT), Kusama (KSM) and Cardano (ADA) have emerged as the top-three crypto assets in development activity.

According to Santiment, the three smart contract-enabled blockchains all recorded over 400 GitHub commits over the last 30 days.

Commits are cryptographic algorithms that maintain the confidentiality of a value while permitting later disclosure.

Both Polkadot and Kusama saw 606.5 GitHub commits each, while Cardano’s figure was 461.47 commits.

Santiment says that the level of development activity of a crypto asset indicates that developers have faith it will be successful. A high development activity level also indicates that a crypto project is shipping new features while also increasing the possibility that it is not an “exit scam”, according to the blockchain analytics platform.

Other crypto assets featuring among the top twenty by development activity are the fourth-placed interoperable blockchain ecosystem Cosmos (ATOM) and the fifth-placed enterprise blockchain Hedera (HBAR). Ethereum (ETH) ranked eighth by development activity.

Others in the top 20 by development activity over the past 30 days include decentralized applications (DApps) blockchains Aptos (APT) and Avalanche (AVAX), blockchain oracle Chainlink (LINK) as well as decentralized exchange Uniswap (UNI).

Source: Santiment

Santiment further says there’s a correlation between a crypto asset’s market cap and the level of development activity.

“It’s no coincidence that 17 of these 20 leading assets are ones that are in the top 100 market cap. There is a high correlation between assets that are amongst the leading price gainers over a long period of time, and those that have the most dedicated teams to advance the asset’s presence in the space.”

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

AD

SNEKbot by DexHunter on CARDANO

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


Read Original Article on The Daily Hodl

ORIGINAL SOURCE

https://dailyhodl.com/2023/04/28/polkado...

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 The Daily Hodl

See more
Analyst Predicts Over 80% Rally for Under-the-Radar Ethereum Rival, Updates Forecast on Cardano and Polygon - The Daily Hodl
The Daily Hodl
Analyst Predicts Over 80% Rally for Under-the-Radar Ethereum Rival, Updates Forecast on Cardano and Polygon - The Daily Hodl

03/18/2024

·

15 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)