On-chain analytics company Santiment has shown that Polkadot’s development activity, combined with that of its pre-production network Kusama, has been higher than that of Cardano during the past 30 days.
It’s important to note that development activity only accounts for changes made to publicly accessible GitHub repositories when evaluating a project’s success.
🧑💻 Top 10 #crypto assets by development activity: notable #github commits, past 30 days:
1) #Polkadot $DOT
2) #Kusama $KSM
3) #Cardano $ADA
4) #Decentraland $MANA
5) #Status $SNT
6) #Cosmos $ATOM
7) #Filecoin $FIL
8) #InternetComputer $ICP
9) #Ethereum $ETH
10) #Concordium $CCD pic.twitter.com/lwqDix1K6V
— Santiment (@santimentfeed) January 24, 2023
The company claims its technique effectively avoids specific issues, such as projects forking others to “inherit” their commits and contributions. Santiment records development events rather than just GitHub commits.
An “event” refers to on-platform actions such as pushing a commit, opening an issue, making a pull request, forking the repository, and other operations on the platform are all examples of events.
Since the developer who made the fork isn’t accountable for the original team’s work, a simple tally of total commits would not accurately reflect their effort. A fork is counted as one event in Santiment’s “events” measure.
Last year, Cardano was the most active cryptocurrency in terms of development, but this year it came in third. Its market valuation still dwarfs Ethereum ($ETH) and Binance ($BNB).
Ranked behind are Decentraland ($MANA), Status ($SNT), Cosmos ($ATOM), Filecoin ($FIL), and Internet Computer ($ICP).
According to CryptoGlobe, Polkadot had a 300% increase in active users during the cryptocurrency market meltdown of 2018. The relay chain, Polkadot’s primary blockchain, does not currently enable smart contracts, but other blockchains linked to it can.
Therefore, Polkadot will likely develop into a cryptocurrency ecosystem that challenges existing smart contract networks like Ethereum, BNB Chain, and others. It will have several technical characteristics to aid in its mission and will be released in 2020.
Polkadot’s governing token, DOT, is its native cryptocurrency. According to CryptoCompare, DOT token holders can stake their tokens to vote on network enhancements and shape the future of Polkadot through active participation in its governance.
Interestingly, ADA and DOT have both gained value over the previous 30 days, with the former increasing by 43.2% and the latter by 41%, according to CryptoCompare.