Santiment, an online platform that tracks on-chain and social signals for over 2,500 cryptocurrencies, has recently released information regarding the most active projects. According to their assessment, Hedera, an open-source proof-of-stake network for launching the next generation of web applications, has been the most active project in recent times.
Here are the top cryptocurrencies ranked by their development frequency in the crypto market. The team at Hedera has been the most active during this period. The list below is sorted by counting any unique activity from a project and averaging it over the past 30 days:
1) Hedera
2) Cardano
3) Chainlink
4) Optimism
5) Starknet
6) Status
7) DFINITY
8) Cosmos
9) Polkadot
10) Kusama
This data is especially valuable for investors as it allows them to identify and evaluate the most promising projects based on their individual preferences and risk tolerance. By utilizing the numerous filters and indicators offered by Santiment, investors gain an advantage in the market.
GitHub activity, a primary metric used in this study, is particularly useful when analyzing ICOs and other cryptocurrency projects. The significant allocation of developers’ time and expertise to a project indicates positive factors such as regular updates on new features and a low probability of the project being an exit scam.
Santiment emphasizes the importance of genuine developer activity for investors. While there may be arguments about funding being used to simulate developer activity, the practicality of such deception is unlikely. Any attempt to stage developer activity would be easily detectable in public repositories like GitHub, which would undermine the authenticity of the project.
Although there are other sites that monitor and analyze developer activity across various projects, a closer examination of their statistics may reveal irregularities. Therefore, using a reliable platform like Santiment allows for a better understanding and analysis of development dynamics and the potential prospects of different cryptocurrency projects.
Ultimately, tracking developer activity is a crucial indicator of a project’s health and potential success, and platforms like Santiment rely on it. Investors should monitor this metric for their portfolios while keeping an eye out for the most popular and potentially profitable projects.
