Development activity plays a crucial role in determining a cryptocurrency project’s potential success and growth. A dedicated team of developers, like Ethereum, consistently working on improvements and innovations enhances a digital asset’s functionality and long-term prospects.

Development activity can be tracked by filtering out redundant updates and noise, focusing on meaningful contributions to a project’s growth.

Key Indicators of High Development Activity

When a project exhibits high development activity, it suggests:

• Confidence in the project’s success.
• A commitment to shipping new features.
• A reduced likelihood of being an exit scam.

Top Blockchain Projects by Development Activity

In the past 30 days, Santiment, a leading crypto analytics platform, has identified several leading blockchain projects in terms of development activity.

Among these projects, 17 of the top 20 are also ranked within the top 100 market cap, indicating a strong correlation between development activity and market performance.

Performance of Top Developed Projects Over Six Months

A comparison of the price returns of the top 20 developed projects over the past six months reveals interesting insights:

• Kusama (KSM) and Polkadot (DOT) both experienced a decline in price, with changes of -12% and -8%, respectively.
• Ethereum (ETH) recorded a significant price increase of +26%.
• Cardano (ADA) and Hedera (HBAR) witnessed minor gains, with +2% and +1% changes, respectively.
• Decentraland (MANA) and Vega Protocol (VEGA) saw price drops of -14% and -17%, respectively.

The top 10 most developed projects had an average 6-month price change of -3%, while projects ranked 11-20 experienced a more significant average price change of -14%.

Development Activity Trends to Watch: Polkadot, Cardano, Ethereum

It’s essential to monitor trends in development activity, as projects with increasing activity levels are often more promising than those with declining activity. For i

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Author: Ali M.

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