As a seasoned crypto investor with over a decade of experience in this volatile yet exciting market, I find the recent rankings by Santiment quite insightful. Seeing Internet Computer (ICP) at the top for “notable development activity” is music to my ears, given its ambitious project goals and potential to disrupt the blockchain landscape.
TL;DR
- Internet Computer (ICP), Chainlink (LINK), and Hedera (HBAR) retained their top spots in terms of “notable development activity.”
- The rankings are based on filtered development events that reflect real progress, emphasizing active contributions from developers.
The Top 10 List
According to recent analysis by cryptocurrency analytics platform Santiment, Internet Computer (ICP) took the lead in significant development activity over the past month, earning a score of 409.63.
At the beginning of December, the value of this asset took off, reaching a high not seen in months above $15. But due to the recent market adjustment, ICP has taken a hit, dropping below $10, according to CoinGecko’s data.
In the latest analysis, Chainlink (LINK) secured the second position with a ratio of 287.07, followed closely by Hedera (HBAR) in third place. It’s worth mentioning that the top three contenders have remained unchanged from our previous study.
In fourth position now, Starknet (STRK), has climbed its way up, whereas Cardano (ADA) has experienced a slight setback, moving to fifth place.
Just like ICP and numerous other cryptocurrencies, Cardano (ADA) saw significant increases during the first week of the month. On December 7, its price reached a level of $1.30, which was last seen at the beginning of this year. However, this peak didn’t last long, as ADA is now trading around $0.84.
Additionally, you’ll find other digital assets such as Optimism (OP), Polkadot (DOT), Kusama (KSM), DeFiChain (DFI), and stablecoin SUSD in the pipeline.
Santiment’s Methodology
To carry out the previously mentioned study, the team utilizes a tool known as the Ecosystem Development Activity Dashboard. This dashboard displays the quantity of development activities generated across different blockchains and their connected decentralized applications (dApps).
As a researcher, I ensure that the events we’re presenting are meticulously selected and defined to truly reflect real-world programming advancements. This means we exclude any insignificant actions, allowing us to provide a clear picture of the bustling crypto ecosystems that are actively shaping the digital currency landscape.
The team highlighted the significance of a project’s community size, specifically zeroing in on the number of members who are developers and consistently engaging in active contributions to the ecosystem.
Ultimately, Santiment made it clear that development activity is distinct from GitHub activity. Development activity concentrates on particular event types, excluding aspects such as commits, forks, comments, and project management tasks. Conversely, GitHub encompasses a variety of elements other than commits.
“One key distinction between Dev Activity and GitHub Activity is that Dev Activity allows for a fairer comparison between different organizations. This is because some events excluded in Dev Activity are related to Issues and Issue Comments,” Santiment’s team concluded.
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2024-12-22 10:38