Cardano (ADA) named the best crypto project in terms of “technology development”
Each top crypto project may have spent millions on developments and upgrades to scale up their business or gain efficiency. But Cardano (ADA) appears as a leading project of ‘Technology Development.’
According to the data seen by Contora, a blockchain information gathering company that tracks the development and growth of crypto projects, the Cardano blockchain has registered intensive development activity and is on top with over 350 commitments in the last month. In particular, crypto projects such as Ethereum and Solana managed to stay on top with over 270 commitments.
Related reading: LUNA founder Do Kwon wanted by Korea, soon Interpol
The blockchain research company revealed in a blog post that the team reached this decision after they changed their data tracking algorithm and double-checked the GitHub repositories of all contributors. GitHub is a software development internet hosting service that connects developers around the world to build one project.
The author added;
We’ve double-checked GitHub repositories we track for all crypto projects in our database, made several fixes to update our developer data, streamlined all repositories, and… We got a new picture of which crypto projects are leading the market in terms of technology development!
In particular, Solana appeared at the top in April’s data, but has now dropped to ninth rank after the adjustments.
Cardano is preparing for Mainnet Vasil upgrade
Contora revealed that the decision to change the data tracking algorithms came after the Cardano development team contacted the company regarding their Top Crypto Project By Technology research. The author mentioned that Contora tracked the GitHub repositories only from the Cardano Foundation profile on GitHub. A crypto project developer suggested another profile to track, which turned the whole picture upside down.
Nothing to see here, folks #Cardano pic.twitter.com/airFmIZS3G
— Dean (@DeansEpoch) 12 September 2022
Since it dropped the smart contract upgrade, Cardano has become the most active project regarding its development in 2022. It is currently working on several solutions and updates.
Recently, the project upgraded its stake pool operators. This update on Cardano node 1.35 prepares the latest node version for the most anticipated mainnet Vasil hardfork launch. Building the new node network will drive the smooth and stable impact on updates of the Vasil release.
Although the crypto project is rolling out a number of developments at the time to prepare for the Vasil hard fork, it still has small solutions such as the UTxO blockchain explorer. This solution has won praise from Charles Honksin, the founder of Cardano and Wingrider’s crypto project.
Related reading: BitGo hits Galaxy Digital with $100m suit after scrapping buyout deal
In contrast to the massive development of the Cardano network, the price has faced sharp drops over the past 300 days, according to TradingView’s chart. It has lost over 84% in value since September, and the ever-increasing use and upgrades haven’t lifted the price much. Currently, Cardano’s ADA price is hovering around $0.48.
Featured image from Pixabay and chart from TradingView.com
