Cardano, Ethereum, Solana, Bitcoin, XRP Lead in Monthly Development Activity

Apart from market cap, cryptocurrency networks are also unique in terms of development and innovation. One of the effective approaches to know which crypto projects are developing and innovating is by looking at Santiment’s developer activity .

Today’s data reported by Santiment highlighted the top crypto projects with the highest development activity. The data listed leading projects that are committed to increasing the accessibility and applications of their blockchain networks, including the safety of the users’ assets.

Top 10 crypto projects with developer activity

Cardano

According to the data, Cardano emerged as the top crypto project with the highest developer activity, with a whopping 326.77 commits recorded over the past month.

This means that Cardano is the market leader when it comes in blockchain development activity. The platform’s current condition is remarkable in terms of price performance. As per the data, Cardano’s price surged significantly, currently standing at $0.7937 and its market cap hovering at $28.36 billion.

Ethereum

Ethereum clinched the second position, despite long recognized as the most developer-rich network. It had 326 commits over the past week.

ETH’s price action has been making impressive movements. Currently, trading at $2,478.64, up by 35.3%, 37.95%, and 59.3% over the past seven days, two weeks, and one month, respectively, with a market cap of $305.58 billion.

Solana

Solana took the third position, with 163 commits registered over the last 30 days. With SOL’s recovery, its value is currently trading at $171.74, with a $90.66 billion market cap.

Bitcoin

After Solana, Bitcoin followed with 98.37 commits. BTC, which recently led recovery in the broader crypto market, is currently trading at $104,050, with a $2.07 trillion market cap.

XRP

The XRP developers have 97.37 commits in the last 30 days, making XRP number 5 in this list. This coin is currently trading at $2.36, with a $139.63 billion market cap.

Others

Other crypto projects that are actively developing include BNB, TRON, Dogecoin, Tether, and USDC. BNB settled in the sixth position with 42.53 commits. The seventh on the list is TRON with 10.8 commits.

Dogecoin secured the eighth spot with 1.266667 commits. Tether took the ninth position with 0.13333 commits, while USDC settled at the tenth place with 0.033333 commits.

Active development of the above-listed crypto projects shows confidence in their medium and long-term outlook. More specifically, the prices of their coins will see significant growth, backed by this adage ‘the more development, the higher their technical liquidity.’ Such blockchain developer activity suggests that interest and growth in these networks will continue to be strong over the long term.