Cardano Leading Bitcoin, Ethereum, Polkadot, and Two Altcoins in One Metric: Analytics Firm Santiment
Crypto analytics firm Santiment highlights the continued growth of the Cardano decentralized blockchain platform (ADA) as it outperforms several key competitors.
According to a new publication, the data aggregator showcases Cardano’s impressive number of GitHub repositories compared to the lower numbers of Layer 1 development tool Flow (FLOW), cross-chain interoperability protocol Polkadot (DOT), and its affiliated testnet Kusama (KSM), as well as the leading smart contract platform Ethereum (ETH).
“Cardano reigns supreme as the most developed asset in crypto, based on our analysis of code pushes, issue interactions, and more.
Routine team updates are excluded to ensure only relevant development is included.”
Font: Sentiment/Twitter
Just three weeks ago Santiment noted the rapid pace of its development on GitHub, with the latest data indicating that Cardano is maintaining momentum.
Valentin Mihov, CTO of Santiment explained the importance of tracking GitHub activity in a blog post saying:
“Developers’ time is a relatively expensive resource and if a given project has a lot of developers putting their time and skills into it, it could mean a number of things:
These people believe that the project will be successful, the project is shipping more features, [or] there is less chance that the project is just an exit scam.”
At the time of writing, Cardano is riding the wave of a broad mid-week market rally, rising 8.62% in the last 24 hours and trading at $0.50.
Santiment also recently he pointed that the distributed ledger XRP Network (XRP) has the most unique active addresses in almost two and a half years. In total, there have been five significant spikes in the network over the last week.
“XRP Network has just reached a huge milestone.
The number of unique addresses currently interacting on the network has exceeded 247,000 in just a 4-hour window. This is the highest peak recorded since February 2020.
The new XRP addresses created remain stable.”
XRP is up 6% on the day with a market value of $0.35 at the time of writing.
Never miss a thing – sign up for crypto email alerts straight to your inbox
Check price action
Follow us Twitter, Facebook Y Telegram
Surf The Daily Hodl Mix
See the latest news headlines
 
Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.
Featured Image: Shutterstock/WWWoronin
source: dailyhodl.com
