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- ADA, COS and KSM are the top three ecosystems over the past month.
- Development Activity indicates a project’s dedication to creating a viable product.
- Ethereum holds the sixth position on the list with an activity rate of 294.03.
Over the past month, these six ecosystems have seen the highest blockchain development activity. According to Santiment, the highest recorded activity was seen in $ADA (Cardano), $DOT (Polkadot), $KSM (Kusamanetwork), $ATOM (Cosmos), $MANA (Decentraland), and $ETH (Ethereum).
Cardano (ADA) is currently the most actively developed crypto. Multiple innovations to the Cardano ecosystem have been revealed this month. ADA leads all other cryptos, with a development activity rate of 444.53.
Polkadot (DOT) has been amongst the highest crypto concerning development activity, leading ahead of Cardano in October. However, DOT has since fallen to 2nd place with a development activity of 402.33.
Kusama (KSM) has the same dev act rate as DOT, 402.33. Kusama ensures Polkadot safety by working as a warning system for any issues or updates that could jeopardize the stability of the network.
Cosmos (ATOM) is 4th ranked with development activity of 346.23. Cosmos prioritizes interoperability, allowing different blockchains to cooperate without conflict. Developers no longer depend on the same blockchains for their decentralized applications, equaling a high development activity rate.
Decentraland (MANA) sits just behind ATOM, with a development activity rate of 303. Decentraland is a decentralized V.R. platform that uses the Ethereum blockchain. Within Decentraland, users can design, experience, and monetize content and applications, enticing developers with multiple ways to earn profits within its metaverse.
Rounding off at the top 6 is Ethereum (ETH), with a dev act rate of 294.03. Market sentiment presumes that decentralized applications rely on the Ethereum blockchain for their growth.
It is acknowledged that Ethereum’s decentralized and open-source nature fosters the development of smart contracts and dApps for developers leading to it’s consistently high development activity.
A developer’s time is an expensive resource. Even though the market currently has a bearish stance, these growing development activities can aid investors in regaining trust in the crypto world.
