Cardano Outpacing Crypto Majors As ADA Reigns As The Most Developed Cryptocurrency
The crypto industry is all about innovation and periodic advancements. This ensures that projects within the space are caught up with new trends and novel demands by the community are met. In light of this, Cardano has emerged as the most developed project in the space, according to recent data.
Cardano positions itself as the most developed chain
A Santiment chart providing research results based on tracking development activity on GitHub associated with different crypto projects in the industry was just recently revealed. According to the chart, Cardano (ADA) tops the list with a 402.05 development activity mark.
Flow (FLOW) placed itself in the second position, with a mark of 325.62. Polkadot (DOT) and Kusama (KSM) jointly secured the third position with an imprint of 306.21 in development activity. With a 286.17 mark, Ethereum (ETH) came next on the list. The firstborn crypto, BTC, appears to have been the last of the bunch, with a mark of 83.62.
Santiment periodically tracks GitHub activity associated with a crypto project to ascertain its level of development. The Santiment team believes a higher development activity could mean three things: there is less likelihood of the project being a scam, the project is regularly introducing more features, and the team believes in the project’s success.
Because some methodologies can be ineffective, Santiment utilizes a better approach, using a few factors such as number of code pushes, number of issue interactions, number of repos open sourced, and the like.
Cardano’s Vasil Hard Fork is just around the corner
The development of the Cardano blockchain began in 2015 and was launched two years later by Charles Hoskinson. The team behind the project notes that the network aims to address the scalability and interoperability issues plaguing chains in the industry. Cardano has since then grown to be one of the top chains in the space, with its native token ADA sitting at the 7th position of the top 10 crypto assets by market valuation.
The Cardano team is relentlessly aiming to improve the network to reach its desired goal, this accounts for the high development activity. The Cardano Vasil Hard Fork, set to enhance the network’s scalability and overall performance, was slated for launch by month-end but has been delayed again.
As of press time, ADA trades at $0.53, having gained by 1.6% in the past 24 hours.