Crypto Projects Push Ahead With Development as Market Activity Slows
- Developer activity remains strong despite marketwide drop in trading volumes.
- ICP, Chainlink, and Cardano lead in 30-day development scores.
- Ethereum tops market cap but lags in recent development rankings.
Development activity across major crypto projects has remained high over the past month, despite declines in trading volumes and mixed price performance. A review of the top ten actively developed blockchain assets over the past 30 days shows ongoing technical progress on platforms ranging from smart contract networks to Layer 2 protocols. While investor activity appears to be slowing, the data shows that developer engagement remains consistent.
Internet Computer (ICP) leads all projects in development activity, with a 30-day score of 846.9. The token is currently priced at $4.86, gaining 3.72% in the last 24 hours. ICP’s trading volume stands at $54.76 million, though it has declined 39.64% over the same period. Its market capitalization was at $2.59 billion, placing it 81st overall in crypto rankings.
Chainlink and Cardano Maintain Strong Developer Momentum
Chainlink (LINK) ranks second with a development score of 477.13. The asset is valued at $13.78, up 1.29% in the past day. Despite the price increase, LINK’s trading volume dropped 46.14% to $301.73 million. Its market capitalization is recorded at $9.05 billion, with a rank of 32 among all crypto assets.
Cardano (ADA) earned a development score of 315.9, making it third among cryptos. The token is currently priced at $0.662448 following a very slight fall of 0.0383%. ADA is in third place on the list with a market cap of $23.4 billion, and it consistently trades at a daily volume of $579.96 million. Its consistent development and value positioning point to the project’s continued presence in the top tier of blockchain networks.
Filecoin, Starknet, and Optimism Register Gains
Filecoin (FIL) has been given a development score of 294.77. SOL’s value rose by 1.59%, reaching $2.53, and trade activity fell by 45.37% to $108.14 million. The price of Starknet (STRK) rose by 2.54% to $0.131894 because of a high development score and a small total market cap of $442.05 million.
The price of Optimism (OP) is now $0.638667, and it rose 1.7% in 24 hours. According to the report, the development score is 286.03, indicating how actively developers are working on scaling solutions and Layer 2 infrastructure.
Ethereum Leads Market Cap Despite Lower Dev Score
Ethereum (ETH) ranks seventh in development activity with a score of 274.63. However, it remains the dominant project by market capitalization at $301.29 billion. ETH is currently priced at $2,495.74, with a 0.67% daily loss.
The remaining projects, Kusama (KSM), Polkadot (DOT), and DeepBook Protocol (DEEP), each posted growth scores above 256 and saw modest gains. However, all three experienced major drops in trading volume, reflecting reduced market activity even as backend upgrades and protocol maintenance continue.
Crypto Market Surpasses $3.3T, With Ethereum Outcompeting Bitcoin in Daily Profits
Crypto market hits $3.32T as Ethereum ($ETH) outcompeting Bitcoin ($BTC) in daily gains, with top al...
Ripple’s RLUSD Stablecoin Secures Green Light in Dubai’s DIFC
Ripple’s RLUSD stablecoin gets DFSA approval in Dubai and expands with Bitget listing and a new EU-B...
SPX6900 Left You in the Dust? Catch This 226x Presale Before It Blows Up
Missed SPX6900? Punisher Coin’s 226x presale, staking, and mission rewards make it the next big meme...