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.
Source: Santiment/XThe 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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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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