Cardano Defies Critics With Strong GitHub Activity Among Major Layer 1 Blockchains

Please fol­low and like us:
Pin Share

Despite crit­i­cisms for the alleged aban­don­ment, Car­dano remains one of the top blockchain pro­to­cols in terms of GitHub activity.

Accord­ing to the data com­piled by IntoThe­Block, Car­dano has once again sur­passed Ethereum and oth­er major Layer‑1 blockchains such as Avalanche, Lite­coin, and Tron in GitHub com­mits, reflect­ing its lead­ing posi­tion in devel­op­er engagement.

Between March 11 and 17, Car­dano reg­is­tered 978,780 com­mits on GitHub, exceed­ing its clos­est com­peti­tor, Ethereum, which record­ed 407,170 com­mits dur­ing the same period.

The blockchain intel­li­gence platform’s data fur­ther revealed that Avalanche has a com­mit count of 315,770, while Lite­coin and Tron stand at 84,110 and 79,380 com­mits, respectively.

This activ­i­ty indi­cates poten­tial for decen­tral­ized appli­ca­tion (dApp) launch­es and pro­to­col improve­ments, enhanc­ing over­all resilience and functionality.

Despite Cardano’s strong devel­op­er com­mit­ment, its price has remained below $1 since April 2022, cur­rent­ly at $0.59, with near­ly 18% in week­ly losses.

It is impor­tant to under­stand that devel­op­er engage­ment does not always direct­ly influ­ence price. The met­ric, how­ev­er, helps gauge devel­op­ers’ com­mit­ment to build­ing, main­tain­ing, and secur­ing the ecosystem.

Car­dano is no stranger to FUDs. In fact, the lat­est stats come on the heels of alle­ga­tions its Lay­er 2 project, Hydra, was aban­doned by the team.

Car­dano co-founder Charles Hoskin­son refut­ed the rumors and con­firmed ongo­ing devel­op­ment, deem­ing them to be “pure FUD.”

Accord­ing to DefiLla­ma, Car­dano expe­ri­enced an increase in the total val­ue locked (TVL) in decen­tral­ized finance (DeFi) this year, climb­ing to $520 mil­lion on March 14th. The fig­ure has since come down to $385 mil­lion as of March 20th.

SPECIAL OFFER (Spon­sored)

LIMITED OFFER 2024 for Cryp­toPota­to read­ers at Bybit: Use this link to reg­is­ter and open a $500 BTC-USDT posi­tion on Bybit Exchange for free!



Source link

Please fol­low and like us:
Pin Share

Leave a Reply

Your email address will not be published. Required fields are marked *