Despite the harsh winter conditions, the crypto ecosystem continues to develop itself. However, the pressure on the market and the prolonged bear market are discouraging developers. That’s why developers are leaving some altcoin projects. CoinShares’ latest report draws attention to 3 abandoned blockchains. On the other hand, Aptos is impressive in Messari’s speed test results on Blockchains.
Developers are abandoning three altcoin projects!
cryptocoin.com As you follow, the cryptocurrency ecosystem has been hit hard in 2022 amid crashes, bankruptcies, and regulatory pressure. Although he stepped into the new year with hope, the crypto world could not get rid of the impact of this blow. Winter conditions in the market also negatively affected Blockchain projects. Although some projects continued to develop despite the bear market, some lost significant momentum and developers abandoned these Blockchain projects.
Crypto analytics company CoinShares has prepared a report evaluating the latest situation in the market. According to this report, the decline in developer activity in Solana (SOL), Near Protocol (NEAR), and Polygon (MATIC) is notable. In the report, CoinShares evaluates developer activity on Github for a 180-day period. The results reveal striking facts. Because the report reveals that the number of active developers in the Polygon network, one of the most talked about altcoin projects of recent times, has decreased by 66%. With this drop in diameter, Polygon ranks first among developers abandonment.
Near Protocol and Solana, the layer-1 blockchain projects, follow Polygon, the Ethereum layer-2 solution. During CoinShares’ review period, Solana and Near Protocol lost 58% of their active developers. Meanwhile, the leading Blockchain Ethereum and another layer-1 Blockchain Polkadot also suffered developer losses, but not as dramatically as the others. On the other hand, Blockchain networks such as Sui and Ton have seen growth in terms of developers.
Messari measured the speed of Blockchains, here is the result!
On-chain analytics platform Messari has produced a report on transaction completion times, which are vital to a Blockchain. In the aforementioned report, Messari evaluated the average times of transactions on layer-1 and layer-2 blockchains. As a result, Aptos (APT) came to the fore with a transaction speed of 0.9 seconds. Following Aptos, Avalanche (AVAX), Phantom (FTM), Cosmos (ATOM) and Polkadot (DOT) took their place in the list, respectively.
1/ Time to finality (TTF) is often overlooked.
As crypto continues to evolve, high-value applications may end up prioritizing the fastest finality times, and hence the networks that prioritize fast finality.
Let's analyze finality across crypto networks. 🧵 pic.twitter.com/GgRDXFeGOc
— Messari (@MessariCrypto) March 3, 2023
Messari revealed in his research that Aptos completes a transaction in an average of 0.9 seconds. However, Sei, an inactive Blockchain yet, surpassed Aptos with a transaction speed of 0.6 seconds. However, Messari did not take it into consideration due to its inactivity.
