With the ongoing market consolidation, the prices of most digital assets are down. However, some crypto projects have fueled the movement amid the correction movement.
Santiment has recently seen significant changes in development activity among prominent crypto projects. As a result, he identified a few projects that put activity on a chain against the slowdown of the market.
Top 10 cryptos in terms of development activity
- Cardano
According to the latest Santiment data, Cardano appeared at the highest level in terms of development activity in the last 30 days, outperforming Ethereum by a small margin.
With a score of 294, Cardano's continuous updates and projects are gaining traction. This is supported by the recently updated Chang hard fork, which promised to increase the security and governance of the blockchain. ADA's win marks a remarkable achievement, highlighting its growth and strength despite a general market slowdown.
- Ether
Ethereum will be the second with a score of 201.8, emphasizing its role in the development activity. Despite falling to second place, Ether has been a leader in the creation of DApps and smart contracts. It owns one of the most proactive developer communities in the crypto landscape.
Ethereum's continuous improvements and upgrades continue to drive developers to develop dApps on its network, cementing its position as a leading digital asset with future growth.
- Sui Network
Sui Network occupied the third position with a score of 161.93, showing its great growth in the past months and a steady accumulation of its native Sui token. The growth is due to the excellent development activity and developer community in the Sui ecosystem.
- Snowflake
Avalanche is the fourth best with a score of 154.8, indicating more developer involvement. This indicates an increase in crypto development activity on its blockchain ecosystem. This growth indicates a positive trend for its cryptocurrency.
- Solana
This time, Solana took the fifth position with a score of 98.97, although it showed an expanded crypto development activity in its ecosystem. Solana's growing popularity indicates its preference for developers seeking cross-chain development with scalability and speed.
Last month, Solana overtook Ether as the leading ecosystem for new developers. It was the first time in eight years that a virtual currency outperformed Ether as the dominant network for development activity.
- Ripple
Ripple took sixth place with a score of 80.73, showing that the attention is growing on interesting developments on its network and more developer activity. The score reflects recent impressive developer activity on the Ripple blockchain, contributing to an increase in XRP prices.
- Bitcoin
BTC took the seventh position with a score of 67.43, showing that the BTC ecosystem is also seeing more developer interest. This interest has been driven by innovations such as the Babylon BTC staking protocol, the performance of Bitcoin ETFs, and the experimentation of the BRC-20 token standard.
This increase in interest is largely due to developers trying to look at how to expand Bitcoin's use cases beyond store of value and payment applications.
others
Other crypto projects with strong developer activity listed in Sentiment data include the following. Lido stopped ETH took the eighth position with a score of 54.5. BNB got position 9 with a score of 44.27. TRON finished 10th position with a score of 3.03. They have stood out because of their great growth potential and innovation.
Why development activities matter to investors
Projects with higher development activity demonstrate their long-term sustainability and innovative potential. This indicates that such projects are in a better position to deal with security and scalability challenges, adopt innovative technologies, and adapt to market demands.
For investors and crypto users, knowledge of projects with outstanding development activity allows them to understand which cryptocurrencies are successful in the competitive market. Crypto tokens with strong developer activity have the potential to offer huge returns, making them valuable to investors and traders.
Source: https://blockchainreporter.net/ada-btc-avax-join-top-10-cryptocurrencies-in-development-activity-santiment/
