Polkadot ($DOT) surpasses Cardano ($ADA) to take the top spot in terms of development activity.

ETELL
Coinmonks
3 min readJan 27, 2023

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Following Cardano ($ADA), Polkadot ($DOT), a blockchain network frequently referred to as a “blockchain of blockchains,” has lately overtaken it as the most active cryptocurrency network.

Polkadot and its pre-production network Kusama have had more development activity over the past 30 days than the smart contract platform Cardano, according to statistics supplied by on-chain analytics company Santiment.

It’s important to note that development activity is a statistic evaluating development activity in projects’ public GitHub repositories and excludes work done in private repositories.

Instead of focusing just on GitHub commits, Santiment tracks development events, as the company claims that this “effectively avoids” certain issues, such as projects forking another in order to “inherit” their commits and contributions.

On the platform, acts such as publishing a commit, creating an issue, a pull request, forking the repository, and others are referred to as “events.”

Because they would not be accountable for the work completed by the original team, a simple tally of all commits would not fairly depict the activities of a developer who formed a fork.

A fork counts as one event according to Santiment’s “events” measure.

Cardano dominated the rating last year while placing third in terms of development effort.

By market capitalization, it still dominates bigger coins like Ethereum ($ETH) and Bitcoin ($BNB).

Several other well-known cryptocurrencies, such as Decentraland ($MANA), Status ($SNT), Cosmos ($ATOM), Filecoin ($FIL), and Internet Computer ($ICP), were operating behind it.

According to CryptoGlobe, with the collapse of the bitcoin market last year, Polkadot’s active user counts increased by 300%.

Smart contracts cannot be supported on the relay chain, the main blockchain of Polkadot, but they can be supported on other blockchains connected to it.

As a result, Polkadot is anticipated to develop into a cryptocurrency ecosystem that rivals existing smart contract networks like Ethereum, the BNB Chain, and others.

It was introduced in 2020 and offers a variety of technical elements that aid in achieving its objective.

DOT, the Polkadot network’s native cryptocurrency, serves as the network’s governance token.

According to CryptoCompare, DOT owners can actively participate in Polkadot’s governance by staking their tokens to vote on network updates.

Notably, according to CryptoCompare data, ADA and DOT both had similar performances over the past 30 days, with the first rising 43.2% and the latter rising 41%.

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ETELL
Coinmonks

A Predictive Intelligence Platform, Certified Crypto News and Articles and Financial Enthusiast.