Analytics firm Santiment says decentralized blockchain platform Cardano (ADA) is the most developed crypto project over the last month.
Cardano recently shared some of the latest project milestones, including over 13,000 GitHub commits in June while discussing the importance of robust development.
“June On-chain Cardano Stats
Did someone [Santiment] say Cardano was the top project by development activity in the last 30 days?
Let’s take a look at what developer activity is and why it matters…
High development activity implies that:
1. The project is serious about its business proposition.
2. The project will likely ship new features in the future.
3. It’s less likely that the project is just an exit scam.
Development activity can be used to gauge a project’s commitment to creating a working product, and continuously polishing and upgrading its features.”
After retweeting the Cardano tweet thread, Santiment highlighted Cardano’s impressive number of GitHub repositories over the past month compared to declining numbers from both cross-chain interoperability protocol Polkadot (DOT) and smart contract platform Solana (SOL).
“Cardano is showing continued impressive levels of development activity on a week-to-week basis, as Polkadot and Solana have slid.”
The latest data is an indicator of Cardano’s momentum. Over a month ago, Santiment discussed its impressive rate of development on GitHub.
Cardano is currently up 2.76% over the last 24 hours, trading for $0.47.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Everyonephoto Studio/Andy Chipus