• Both Cosmos and Polkadot witnessed significant growth in development activity.
• Stakers remained optimistic, while social engagements declined for both protocols.

CosmosHub [ATOM] and Polkadot [DOT], two blockchain protocols with distinct market caps and visions, have experienced remarkable similarities in terms of development activity.

Realistic or not, here’s ATOM’s market cap in BTC’s terms

Recent months have seen significant growth in the development activity of both these protocols, raising questions about which one will emerge as the dominant force.

New developments

According to Token Terminal’s data, the number of active developers on both Cosmos and Polkadot increased steadily over the past month. This surge in development activity carries significant implications for the future of these protocols.

While development activity has been on the rise, both Cosmos and Polkadot have struggled to make a mark on the social front. Lunar Crush’s data reveals a decline of 43% and 39% in social engagements and mentions for Polkadot respectively, in the past week.

Similarly, CosmosHub experienced a decline of 36% and 47% in social engagements and mentions.

Furthermore, both protocols witnessed a decline in sentiment over the last month. Santiment’s data indicated a significant drop in weighted sentiment, with negative comments outweighing the positive ones for both Cosmos and Polkadot.

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Author: Himalay Patel

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