Cardano remains the most active blockchain with daily commitments exceeding 100
At this rate, developers committed more code than those working on Polkadot and Kusama, which had 75 daily submissions each, or the Internet Computer Protocol, with 65. Ethereum, a smart contract platform and Cardano’s fiercest competitor, came in fifth with 57 submissions, while Bitcoin, the world’s most valuable cryptocurrency blockchain, didn’t even make the top 25.
Input Output Global (IOG) is tasked with building Cardano. It is led by Charles Hoskinson, who also served as one of the six original co-founders of the Ethereum blockchain. According to Cardano, the platform’s development is “a methodical, research-based and deliberate approach to innovation,” and in its five-step roadmap, IOG will introduce “new functionality and new features.”
All of these features, Cardano said, will go toward making the platform more robust and suitable for enterprise-class operations. Developers are critical to the success of any project. Investors can use the number of daily or monthly commits on GitHub to measure activity. The more developers that work, regardless of prevailing market conditions, the greater the chance that the platform that is built will be of high quality.
1/Cardano has a vibrant ecosystem, but some news is not reported
IN #LastOnCardano I highlight novelties, minor and major. L1+L2 upgrades, stats, dapps, SPO, NFT, governance, community and more
Everything with Cardano. Irregular, but hopefully frequent. Here is #17 in the series. Please DYOR
— ADA Whale (@cardano_whale) 15 April 2023
Parallel data from Santiment reveals that Cardano’s GitHub commits have been consistent over the past three years, an indicator of engagement that has translated into investor confidence, when looking at the performance of ADA over that time frame. While Cardano aims to eventually topple Ethereum as a smart contract platform, it still lags behind the older blockchains in activities such as decentralized finance (DeFi) and non-fungible tokens (NFT).
This is despite the relentless improvement of the network as the platform encouragingly moves past key development milestones. Currently, Cardano is in the Basho stage, where the goal is to make the network more performant, scalable and interoperable with sidechains and other solutions focused on cross-chain capability. The platform changed from the Goguen phase, where multi-asset (MA) support and smart contract capability were added, enabling the launch of DeFi and other smart contract-driven solutions.