Polkadot Leads Cryptocurrency Market in Development Activity: Santiment Data

• Data from Santiment shows that Polkadot was the number 1 cryptocurrency in the market during the past month based on development activity.
• The development activity is measured using the work being done by any project’s developers on its public GitHub repositories.
• Polkadot (DOT), Kusama (KSM), and Cardano (ADA) make up the top three in the development activity list.

The cryptocurrency market has seen a significant rise in development activity over the last month, with Polkadot (DOT) emerging as the top cryptocurrency in terms of development. According to data from the on-chain analytics firm Santiment, Polkadot (DOT), Kusama (KSM), and Cardano (ADA) make up the top three in the development activity list.

The data indicates that Polkadot has seen the highest level of development activity, with more than 4,300 events in the past month. Kusama (KSM) came in second with 3,500 events, and Cardano (ADA) rounded up the top three with 2,500 events.

This development activity is measured using the work being done by any project’s developers on its public GitHub repositories. The “events” metric is an indicator that takes into account actions like pushing a commit, creating an issue, forking the repository, creating a pull request, and several others. This metric is more accurate than using the total number of commits, as it takes into account forks, which would otherwise produce a false picture of the activity of the new developer.

The data from Santiment also suggests that other popular cryptocurrencies such as Ethereum (ETH), Bitcoin (BTC), and Filecoin (FIL) have all seen an uptick in development activity over the past month as well. Ethereum (ETH) has seen a total of 1,500 events, Bitcoin (BTC) has seen 1,100 events, and Filecoin (FIL) has seen 300 events.

The increase in development activity for Polkadot (DOT), Kusama (KSM), and Cardano (ADA) could be the result of their strong focus on building out their ecosystems. Polkadot has been working on developing its cross-chain network, Kusama is working on its experimental network, and Cardano is focusing on its distributed ledger technology. All three projects have also been actively engaging with the community, with Polkadot and Cardano both hosting virtual hackathons and Kusama holding regular AMA sessions.

The data from Santiment indicates that the development activity for the top cryptocurrencies is on the rise and that Polkadot (DOT) is leading the way. With the strong focus on development and community engagement, the future of these projects looks bright.