Cardano (ADA) Shows Crazy Development Activity, Competitors Massively Outperformed

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Gamza Khan­zadaev

Car­dano up 18% in devel­op­ment activ­i­ty from its near­est competitor

Accord­ing to cryp­to ana­lyt­ics por­tal San­ti­ment, Car­dano is by far the most active­ly devel­oped cryp­to asset. The blockchain has received more than 570 sig­nif­i­cant devel­op­ments on GitHub in the past 30 days. This result is 18% more than Car­dano’s clos­est com­peti­tor in this race, Polkadot.

Inter­est­ing­ly, Car­dano is 35.5% ahead of Ethereum (ETH), which ranks fifth in this rank­ing in terms of sig­nif­i­cant devel­op­ment imple­men­ta­tions. At the same time, as pre­vi­ous­ly report­ed by U.Today, ETH tops the total num­ber of dai­ly devel­op­ment activ­i­ty, fol­lowed by Cos­mos, with Car­dano in third place.

Accord­ing to GitHub itself, the great­est amount of devel­op­er atten­tion and effort on a dai­ly basis is con­cen­trat­ed on the Car­dano node, which is a kind of aggre­ga­tor for the rest of the system.

Development impact on ADA price

At first glance, it might seem that despite Car­dano’s devel­op­ment activ­i­ty, the price of the blockchain’s native token, ADA, is not pos­i­tive­ly affect­ed in any way.

The ADA price has indeed been falling in recent weeks, despite ini­tial­ly being the least affect­ed by the after­math of the FTX crash. How­ev­er, Car­dano (ADA) is falling even against Bit­coin now.

On the oth­er hand, the fact of such a strong devel­op­ment is a major boost for future pos­si­ble suc­cess­es. If you think about it, in a bear mar­ket, it makes no dif­fer­ence whether the token price has fall­en by 85% or 90% from the all-time high. Rather, what mat­ters is what has been built in that dip.



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