GitHub, a data source and storage service for developers, can provide interesting insights into what’s going on in the altcoin market. According to the data, Cosmos and Flow are in fierce competition for GitHub activity.
Here are the most active altcoin projects
According to current data available from the Proof of Github Twitter account, Cardano was ranked 3rd in terms of development activities. Having successfully completed the Vasil hard fork on September 22, Cardano is now one of the top three projects actively developed during the week. Undoubtedly, Polkadot ecosystem occupies the top of the list:
- Polkadot (DOT)
- vomiting (KSM)
- Cardano (ADA)
- Filecoin (FIL)
- Ethereum (ETH)
- Decentraland (MANA)
- Vega Protocol (VEGA)
- Cosmos (ATOM)
- Flow (FLOW)
GitHub Weekly Development Activity:
#1: 543 Polkadot-new
#2: 543 Kusama
#3: 434 Cardano
#4: 327 Status
#5: 297 File-coin
#6: 292 Ethereum
#7: 289 Decentraland
#8: 277 Vegaprotocol
#9: 269 Cosmos
#10: 245 Flow— ProofofGitHub (@ProofofGitHub) October 7, 2022
With the Vasil upgrade now live, IOG continues to evolve as teams add resources to the Cardano node tests GitHub repository, according to IOG’s weekly report. Also last week, two Marlowe contracts with Babbage capabilities went into effect on the mainnet.
Currently, 1,117 projects are under development on Cardano. 102 projects have been launched so far. Cardano native tokens stand at 6.3 million minted at 62,753 policies. Plutus scripts amounted to 3,392 and the total number of transactions was 51.3 million.
Vasil follow-up continues
On September 27, new Vasil capabilities (including node and CLI support for reference entries, inline data and reference scripts) and a new Plutus cost model arrived on the Cardano network. This follows the successful Vasil network launch on September 22.
According to IOG, monitoring continues for at least four periods after the hard fork, after which a decision will be made about future adjustments based on “regular” network bandwidth. A period usually lasts five days, which means 20 days of monitoring after the hard fork. Some positive feedback was reported after the hard fork. MuesliSwap, Cardano DEX reports an almost 91% reduction in transaction size, as well as a nearly 50% reduction in fees.
We have just decreased network fees on JPG Store by 50% ✅
How did we achieve this?
We upgraded to Plutus V2, allowing for smaller transaction sizes, which mean smaller fees when interacting with our new contract 🔥 pic.twitter.com/yPgkKZ4AYY
— jpg.store 🛬 RareBloom (@jpgstoreNFT) October 3, 2022
JPG Store, the largest Cardano NFT marketplace, similarly reported a 50% reduction in network fees after its upgrade to Plutus V2, which allows for smaller transaction sizes.
