• Polkadot is the top cryptocurrency in terms of development activity
• Santiment measures the work of developers via “events” on the project’s public GitHub repositories
• DOT and KSM have highest development activity, followed by Cardano and Cosmos
Polkadot Continues To Top The Development Activity Chart
Data from the on-chain analytics firm Santiment shows that Polkadot (DOT) is still at the number one spot when it comes to project’s development activity. Following DOT are Kusama (KSM) and Cardano (ADA).
How Does Santiment Measure Development Activity?
The “development activity” metric used by Santiment measures the work done by a cryptocurrency project’s developers on its public GitHub repositories over the last 30 days. This approach is different from other metrics which measure development activity based on total number of commits. Instead, this measurement takes into account “events” like pushing a commit, forking the repository, creating an issue, etc. This provides a more accurate assessment of developer work as it eliminates any duplicate counts due to forks of existing projects.
Development Activity Trend Over Last Few Years
A chart depicting the development activity trend for top 20 cryptocurrencies shows that Polkadot and Kusama have a significant lead over other assets with 4,117 events each. Cardano has seen some decline in this metric during recent weeks while Cosmos (ATOM) follows closely behind in fourth place.
Liquidations As Bitcoin Shows Wild Volatility
Cryptocurrency markets recently experienced $354M worth of liquidations as Bitcoin showed wild volatility.
Polkadot continues to be at the top when it comes to development activity while other cryptocurrencies follow closely behind. Market volatility caused some selling pressure leading to liquidations worth millions of dollars but it remains to be seen what further impact this will have on prices going forward.