• Polkadot ( DOT ) and its canary test network Kusama ( KSM ) are leading the crypto space in terms of development activity.
• According to crypto analytics firm Santiment, high levels of development activity indicate that developers have faith a crypto project will be successful.
• Ethereum ( ETH ) competitor Cardano ( ADA ) and the Web3 project Internet Computer ( ICP ) were third and fourth on Santiment’s list with 450.9 and 391.1 GitHub commits respectively.
Polkadot and Kusama Outrunning Crypto Space in Terms of Development Activity
According to crypto analytics firm Santiment, Polkadot (DOT) and its test network Kusama (KSM) continue to outrun the rest of the crypto space in terms of development activity. This is evidenced by both projects having registered 527.7 notable GitHub commits in the past 30 days, leading all other crypto projects.
Development Activity Indicates Crypto Project Success
Santiment notes that high levels of development activity can indicate developers have faith a crypto project will be successful. Moreover, this type of development activity indicates that a crypto project could potentially be shipping new features, while also decreasing the possibility that it is an exit scam.
Competitors Lagging Behind
Ethereum (ETH) competitor Cardano (ADA) was third on Santiment’s list with 450.9 GitHub commits, while the Web3 project Internet Computer (ICP) was fourth with 391.1 notable commits per month over the same period of time.
Current Market Prices for DOT & KSM
At time of writing, DOT is trading at $5.23 and has dropped more than 6% in value over the past week alone while KSM is trading at $23.09 down more than 2%.
Conclusion
Although there are several competitors vying for dominance within the blockchain space, Polkadot’s continued success when it comes to developer activity proves that it may just become one of the major players in this space moving forward as indicated by their impressive listing on Santiment’s leaderboard for notable Github commits over thirty days ago..
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