Cardano up 18% in development activity from its nearest competitor
According to Crypto Analytics Portal EmotionCardano is by far the most actively developed crypto asset. Blockchain has received over 570 significant developments on GitHub in the last 30 days. This result is 18% higher than Polkadot, Cardano’s closest competitor in this race.
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, the greatest amount of developer attention and effort on a daily basis is focused on the Cardano node, which is a sort 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.
Despite initially being least affected after the FTX crash, ADA price has actually been falling in recent weeks. However, Cardano (ADA) is now falling against Bitcoin as well.
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.
