Cardano (ADA) Edges Out Ethereum (ETH) To Lead All Crypto Assets in Development Activity for 2021: Insights Firm Santiment
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Crypto insights firm Santiment is revealing that in 2021, smart contract platform Cardano (ADA) is ahead of the curve in terms of development activity, surpassing its biggest competitor Ethereum (ETH).
In Santiment’s year-end report, the analytics firm says that it tracked development data from thousands of public GitHub repositories to compile a list of the top 20 projects by aggregated development activity for 2021.
Sitting at the top is Cardano (ADA), followed by Polkadot’s canary network Kusama (KSM). At number three is interoperable blockchain Polkadot (DOT) itself, while leading smart contract platform Ethereum lands at number four.
The data reveals that Cardano not only edged out the competition in terms of total development activity, it is also ahead of the curve in terms of daily active contributors to its Github repository.
Santiment says that Cardano tops the list with an average of 53 daily contributors to its GitHub repositories in the last 12 months. Kusama and Polkadot rank second and third followed by Ethereum and top ETH competitor Solana (SOL).
Though the market intelligence firm says that development activity has very little bearing on short-term market trends, it ultimately does demonstrate how successful a project can be in the long run.
“While it has little to no impact on short-term market trends, development activity is quite an underrated indicator of project success, as it demonstrates the team’s month-to-month commitment to creating a working product, polishing and upgrading its features, and staying true to the long-term roadmap.”
Cardano is exchanging hands at $1.39 at time of writing, a 12% decrease from its seven-day high of $1.58.
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Featured Image: Shutterstock/Sergii Molchenko
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