Multi-chain crypto network Polkadot has the highest developer activity, according to the latest research. However, this has not been reflected in the prices of the original DOT token which remains in a digital slump.
On July 6, blockchain analytics platform Santiment published its latest list of crypto development activities, with some surprising results.
Climb Polkadot development activity
Developer activity on Polkadot’s network is much higher than that of its competitors, according to Santiment.
The analytics platform reported a 30-day developer activity number of 546 for Polkadot and its “Canary Network” subsidiary Kusama. The two networks remain at the top of the list.
It analyzes GitHub activity over the course of a month to derive metrics of developer activity on each network.
Cardano was second only to the two Polkadot networks, with 507 monthly developer activity, according to Santiment.
However, there were some surprises with the rest of the rankings.
The relatively obscure secure messaging app, crypto wallet, and web browser Project State 3 came in third with 400 active developers for the month.
Next on the list was the Hedera blockchain network, which also has 400 active developers.
Surprisingly, the Internet Computer (ICP) came in sixth with 392 active developers for the month. Since its launch in May 2021, there has been very little news from Project Dfinity.
Its parent token, which rose to the fourth largest cryptocurrency after its launch, is one of the worst performers on the market, as it has virtually collapsed.
Cosmos, Vega Protocol, Chainlink, and Decentraland made up the rest of the top ten. There was no mention of Ethereum.
Surprisingly, Polkadot is also the most developed network since its native DOT token has had very little in recent months.
However, Polkadot continues to prepare new crypto projects through sidechain or parachain auctions. On July 3, Polkadot posted a dossier to update On recent developments in the ecosystem, including more work with artificial intelligence (AI).
DOT price is in the doldrums
DOT has been on a downtrend over the past year and has done very little during the cryptocurrency market bull run in 2023. As a result, the token has fallen out of the top ten cryptocurrencies.
The coin is struggling to breach the $6 level and is down 2% today at $5.24 at the time of writing.
DOT reached a 2023 high of $7.53 in February but has failed to return to those levels since then despite bitcoin’s big rally this year.
Moreover, DOT has been down 90% since its all-time high of $55 in November 2021.
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