Hold onto your hats, crypto enthusiasts! The latest buzz from the world of digital currencies reveals some familiar faces leading the charge in development activity. Santiment, the crypto analytics guru, recently crowned Internet Computer (ICP) as the king of development activity for the past month, with a dazzling score of 409.63. Talk about kicking off December with a bang! ICP’s price soared to over $15, hitting a multi-month high before experiencing a little tumble below $10. But hey, who doesn’t love a rollercoaster ride?
Chainlink (LINK) snatched the silver medal with a score of 287.07, with Hedera (HBAR) proudly taking the bronze. It’s like déjà vu, as these top contenders held the same spots in previous research. Breaking into the top five, Starknet (STRK) made a bold leap to fourth place, while Cardano (ADA) cooled off a bit, slipping to fifth. ADA was on fire at the start of the month, touching $1.30—a level not seen since early 2022—before settling around $0.84. Like ICP, ADA rode a wave of early gains but didn’t quite stick the landing.
Meanwhile, crypto stars like Optimism (OP), Polkadot (DOT), Kusama (KSM), DeFiChain (DFI), and sUSD (SUSD) are also shining in the development activity galaxy. To gather this intel, Santiment’s team uses their nifty Ecosystem Dev Activity Dashboard, which keeps a sharp eye on the number of development events across various blockchains and dApps. They ensure only the crème de la crème of programming progress makes the cut.
The Santiment squad underscores the significance of a project's community size, especially the number of developers actively contributing to the ecosystem. They also clarified that development activity isn't the same as GitHub activity, focusing on specific events and excluding things like commits, forks, and comments. This approach allows for a fairer comparison between different crypto projects.
So there you have it, folks! In the ever-evolving crypto universe, development activity is a key indicator of which projects are pushing the boundaries and keeping their ecosystems vibrant. Keep your eyes peeled for the next big movers and shakers in the crypto world!
