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HomeNewsBusinessPolkadot is now the second most actively developed cryptocurrency after Ethereum

Polkadot is now the second most actively developed cryptocurrency after Ethereum

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News Tech: Different projects seem undaunted by the circumstances, accelerating development efforts on their various blockchains as the bitcoin industry navigates a bad market. Notably, some projects in the area stand out in an effort to satisfy community needs.

Other open-source blockchains Polkadot (DOT) and Kusama (KSM), which each recorded 400 development actions, come in second and third place, respectively. With 389 projects, Cardano (ADA) holds down the fourth position, while Status rounds out the top five with 324.

In particular, according to information released by blockchain analytics platform Santiment on August 22, Ethereum (ETH) ranks first among the projects with the greatest development activity in the previous 30 days at 401.

Based on publicly accessible Github repositories, Santiment tracks development activity and provides free access to all historical and current project data. Only developments-related events are tracked.

It is worth mentioning that over the last 30 days, Ethereum exhibited bullish sentiment in the wake of the Merge upgrade announcement, with the price topping $1,800. However, the recent correction seems not to have affected the development activity.

Ethereum’s declining gas fees attracting developers
Historically, the Ethereum gas fees have been a significant pain point affecting development activity on the network. Additionally, the gas fee partly disincentivized developers and resulted in a stalemate with no solutions. However, the last 30 days have coincided with Ethereum’s gas fees hitting the lowest level in almost two years, hitting 13 gwei.

Elsewhere, other blockchains like Cardano are relentlessly working towards improving the network, attracting more developers ahead of the Vasil Hard Fork to enhance the network’s scalability. Furthermore, in 2021, Cardano emerged as the most crypto project with the highest development activity on Github. Cardano emerged ahead of Kusama, Polkadot and Ethereum.

See also  With no apparent resistance, the price of Ethereum (ETH) is surging

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