This Web3 Altcoin Leads in Development Activity: Santiment Report
A cloud-centric Web3 altcoin has surged ahead of its counterparts in recent development activity, as reported by the analytics firm Santiment.
According to Santiment, the public decentralized network known as Internet Computer (ICP) has logged 466.9 GitHub commits within the past month, surpassing all other crypto projects.
🧑💻 Here are #crypto's top projects, sorted by notable #github activity in the past 30 days:
1 @dfinity $ICP
2 @cardano $ADA
T3 @polkadot $DOT
T3 @kusamanetwork $KSM
5 @optimismFNP $OP
6 @hedera $HBAR
7 @ethstatus $SNT
8 @cosmos $ATOM
9 @ethereum $ETH
10 @suinetwork $SUI pic.twitter.com/VuxWd0eCCD— Santiment (@santimentfeed) February 15, 2024
The analytics firm employs an “advanced methodology” to discern genuine GitHub commits, excluding routine updates from its count.
Internet Computer aims to introduce serverless cloud functionality to the public internet. At present, its native asset, ICP, is valued at $13.45, showing a slight decline of nearly 2% in the past 24 hours.
Cardano (ADA), a competitor to Ethereum (ETH), holds the second position in Santiment’s development activity rankings, with 434.3 commits recorded over the same 30-day period.
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Following closely behind, Polkadot (DOT) and its test network Kusama (KSM) are tied for third place, each boasting 431.33 commits. Meanwhile, the Ethereum layer-2 scaling project Optimism (OP) secures the fifth spot with 405.7 commits.
Santiment has previously highlighted that significant development activity surrounding a crypto project is a positive sign, indicating developer confidence in the project’s success or imminent deployment of new features. Moreover, it suggests a lower likelihood of the project being an exit scam.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
