Cardano Takes The Number One Spot On Most Active Developers List
When it comes to developer activity in the crypto space, Cardano network is at the top of the list. However, its price does not appear to correspond with its status, so will it perform significantly better in 2023?
Cardano Developers Are At Work
According to reports, Cardano has topped the polkadot network in developer activities, and its native token ADA remains number one on the developer list.
The amount of work and activities performed on the network’s github repositories is weighed and measured as developer activity.
Some platform trackers weigh these actions based on the overall number of commits made to this Github repository.
This method is not always accurate and efficient, and it can also occasionally lead to errors because different project forks could just as easily be tallied.
These forks, which could have just as many commits as the original one, could be added collectively rather than individually leading to inaccurate data.
Due to this circumstance, the activities are not measured by the commits but rather by the occurrences in the Github repository.
These occurrences could result from actions taken on the account, such as pushing commits, forking, and other operations.
This method presents a more accurate calculation of the network activities because forks are only treated as one event.
Developer Activities And Events
The on-chain actions of various cryptocurrencies are shown in the study report, with Cardano leading the list and Polkadot closely behind.
On the Cardano network, there have been a total of over 440 events, whereas 401 events are accounted for by Polkadot.
Other tokens, like Cosmos and Decentraland, demonstrate increased developer activity filling in the remaining open spots.
The Ethereum chain’s development activity, which ranks sixth overall, is not as high as that of the other chains.
This is surprising because according to reports, ETH has the second-largest market capitalization in the cryptocurrency space.
This developer activity metric measures how committed developers are to improving network functionality. This could be a good indicator of whether a coin has long-term or short-term potential.
Although Cardano has not performed particularly well in terms of market activity and prices, it continues to hold the number one position in terms of developer activities.
Investors however look forward to what the blockchain has in store for 2023.
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