Polkadot, Kusama and Cardano massively dominate crypto assets in one critical metric: Santiment
A blockchain analytics platform reveals that over the past 30 days Polkadot (DOT), Kusama (KSM) and Cardano (ADA) have emerged as the top three cryptoassets in development activity.
According to Santiment, the three smart contract-enabled blockchains have all recorded over 400 GitHub commits in the past 30 days.
Commits are cryptographic algorithms that maintain the confidentiality of a value while allowing for later disclosure.
Both Polkadot and Kusama saw 606.5 GitHub commits each, while Cardano’s number was 461.47 commits.
Santiment says that the level of development activity of a crypto-asset indicates that developers have faith in its success. A high level of development activity also indicates that a crypto project is shipping new features while increasing the possibility that it is not an “exit scam,” according to the blockchain analytics platform.
Other cryptoassets that are in the top twenty by development activity are the fourth-placed interoperable blockchain ecosystem Cosmos (ATOM) and the fifth-placed enterprise blockchain Hedera (HBAR). Ethereum (ETH) ranked eighth by development activity.
Others in the top 20 by development activity over the past 30 days include decentralized applications (DApps) blockchains Aptos (APT) and Avalanche (AVAX), blockchain oracle Chainlink (LINK) as well as decentralized exchange Uniswap (UNI).
Santiment further states that there is a correlation between the market value of a crypto asset and the level of development activity.
“It is no coincidence that 17 of these 20 leading assets are those in the top 100 by market capitalization. There is a high correlation between assets that are among the long-term leading award winners and those that have the most dedicated teams to promote the asset’s presence in the room.”
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