Internet Computer and Chainlink Dominate the Crypto Sector in Terms of Recent Development Activity: Santiment
Internet Computer (ICP) and Chainlink (LINK) are leading the crypto sector with “historic rates” of recent development activity, according to the digital asset analytics firm Santiment.
Santiment notes that Internet Computer, a cloud-focused public decentralized network, clocked 829 notable GitHub events in the past 30 days.
Chainlink, a decentralized oracle network, came in second with 789.87 notable events over the same time period. Hedera, a decentralized, open-source, proof-of-stake public ledger, was third, with 527.8.
Internet Computer, Chainlink and Hedera (HBAR) also finished first, second and third in the rankings last month, respectively.
The Ethereum (ETH) competitor Cardano (ADA) moved up to fourth place this month, with 430.97 notable events.
Santiment notes that it doesn’t count routine updates and utilizes a “better methodology” to collect data for GitHub events based on a “backtested process.”
The analytics firm has previously said that heavy development activity centered around a crypto project indicates developers believe in the protocol. Development activity also suggests that the project is less likely to be an exit scam.
ICP is trading at $7.79 at time of writing. The 31st-ranked crypto asset by market cap is down nearly 2% in the past 24 hours.
LINK is trading at $12.57 at time of writing. The 18th-ranked crypto asset by market cap is up nearly 3% in the past day.
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