Two Ethereum Rivals Overtake Cardano on One Critical Metric, Says Crypto Analytics Firm Santiment

Two Ethereum Rivals Overtake Cardano on One Critical Metric, Says Crypto Analytics Firm Santiment

Spread the love

Blockchain analytics platform Santiment says that two Ethereum (ETH) rivals are surpassing Cardano (ADA) in one major area.

According to a new Santiment blog post, Polkadot (DOT) and its canary test network Kusama (KSM) are now seeing more development activity on the development hosting platform GitHub than Cardano during the past 30 days.

“It is many of the usual suspects that currently make up this top 10 ranking board, with Polkadot’s and Kusama’s shared Github repository overtaking Cardano’s rate of development once again, after ADA was outpacing them earlier this summer.”

Source: Santiment/X

Both Polkadot and Kusama registered 570.1 Github commits in the past 30 days, leading all other crypto assets. Cardano came in third with 548.77 Github commits in the past 30 days.

Santiment says that development activity shows “which projects are putting in the most effort to improve and innovate their existing products.”

DOT is trading for $4.02 at time of writing. The 13th-ranked crypto asset by market cap is up 0.6% in the past 24 hours.

KSM, the 173rd-ranked crypto asset by market cap, is trading at $18.07 at time of writing and is up 0.1% in the past day.

ADA is trading at $0.24 at time of writing. The eighth-ranked crypto asset by market cap is down 0.3% in the past 24 hours.

The firm also says that other projects experiencing notable development activity include blockchain oracle Chainlink (LINK) and peer-to-peer decentralized storage network Filecoin (FIL).

“Looking at more recent times, it does appear that Chainlink’s team has been raising its development rates quite notably. Filecoin’s team is also starting to pick up some steam since July.”

Enlarged
Source: Santiment/X

LINK is trading at $5.97 at time of writing. The 23rd-ranked crypto asset by market cap is down 0.4% in the past 24 hours.

FIL is trading at $3.17 at time of writing. The 32nd-ranked crypto asset by market cap is up 1.2% in the past 24 hours.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

&nbsp

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.

Generated Image: Midjourney

Related News

6-month-low-ethereum-fees-suggest-altseason-is-inbound-—-santiment
most-altcoins-in-‘historic-position’-to-rally-as-traders-realize-heavy-losses-over-the-past-month:-santiment
billion-dollar-bank-facing-class-action-compliant-after-data-breach-exposes-customers’-names,-social-security-numbers-and-other-sensitive-information