Blockchain analysis platform Santiment reported that Cardano (ADA) has lost its lead in a key metric. Monthly development activities are now led by these 2 altcoin projects.
These 2 altcoins outperformed Cardano in the most important metric
According to Santiment’s latest blog post, Polkadot and Kusama’s development activity on GitHub was greater than Cardano in the last 30 days. Santiment states that these two altcoin projects have managed to “once again surpass the pace of development of Cardano.”
Polkadot and Kusama recorded a total of 570.1 commits on GitHub over the past month. Thus, they have been significantly more active than other altcoin projects. Cardano ranked third with 548.77 GitHub transactions.
Polkadot (DOT) is currently trading at $4.05. It gained 0.27% value in the last 24 hours. With $5 billion in volume, DOT currently ranks 13th by market cap. Kusama (KSM) price also continued its horizontal movements. The altcoin is trading at $18.00 with intraday gains of 0.30%. ADA lost 0.3% value during the day. After a rapid recovery, it is currently trading at $0.2508. Santiment says the following about KSM, DOT and ADA in terms of development activities:
Polkadot and Kusama’s shared Github repository now makes up many of the usual suspects in this top 10 ranking, with Cardano outpacing development once again after ADA overtook them earlier this summer.
Development of other projects
Santiment also stated that altcoin projects such as Chainlink (LINK) and Filecoin (FIL) are also undergoing significant development activity.
Looking at more recent times, it seems that the Chainlink team has increased their development rates quite significantly. Filecoin’s team has also been starting to gain some momentum since July.
What do development activities mean for altcoin projects?
Santiment emphasizes that development activities are an indicator that “projects are making the most efforts to improve and innovate their existing products.” The Chainlink team has increased their development rates significantly. Similarly, the Filecoin team has started to gain some momentum since July.
As a result, Polkadot and Kusama’s activity on GitHub shows that these projects are hard at work on innovations that will further strengthen their developing ecosystems. Cardano may have to increase development activities to keep up with Polkadot and Kusama.
Cardano maintains its leadership throughout 2022
cryptokoin.com As we reported, Cardano continued its leadership in development activities throughout 2022. But in recent months, it has been replaced by Polkadot and Kusama. Parachains play an important role in this development for two altcoin projects.
