Health data shows polkadot was the number one cryptocurrency on the market in the last month as a function of development activity.
Asset value appears to have decreased in the past day | source: dotusd on tradingviewfeatured image of traxer on unsplash.com, tradingview.com chart.
According to data from the on-chain analytics firm Santiment, Polkadot (DOT), Kusama (KSM), and Cardano (ADA) make up the top three in the development activity list. The “development activity” here is a metric that’s measured using the work being done by any project’s developers on its public GitHub repositories.
This work is measured in the amount of "events" in which an event refers to actions such as pushing a commit, giving rise to a problem, branch off the depot, Create a Draw Requisition, and a lot more.
Some other versions of this indicator generally use only the total number of github project commitments as a means to measure development activity. However, it may not be completely accurate; The reason for this is when someone is pitching a project (a "fork" basically refers to a copy of the code), all commits from the original project are inherited by this range as well.
As the developer who created the fork wouldn’t have been responsible for the work done by the original team, a pure count of the total commits would produce a false picture of the activity of this new developer.
Since Santiment’s metric makes use of events for measuring the activity instead, forks are counted as only 1 new event, and thus the developer’s work is more accurately represented.
Related Reading: Litecoin adoption speeds up, surpasses Ethereum in overall addresses.
Looks like Ethereum is only 9th on this list | Source: Santiment on Twitter
Now, here is a chart that shows the top 10 cryptocurrencies in the industry ranked according to their respective development activities: Kusama is also tied with the point for the top spot, as the indicator value was 441.5 for both coins over this period.
Cardano ranked top of the list one month ago, but it seems the project has slowed down a little bit this month as it has dropped to third place now.
Previously, Ethereum was sixth on the table, but the second-largest crypto by market cap is now in ninth place, implying that ETH developers have also done lesser work this month on the public repository.
It looks like the project has slowed down a bit this month, since it is now in third place.
The second largest crypto per market cap is now in ninth place, implying that developers have also done less work this month on public deposit. The second-largest crypto by market cap is now in ninth place, implying that ETH developers have also done less work this month on public deposit.
Related Reading: EU votes to allow banks hold 2% of the Bitcoin and crypto capital.
The value of the asset seems to have declined over the past day | Source: DOTUSD on TradingView