Polkadot and Cardano have ascended to the top of the commit rankings on GitHub, as indicated by figures given by Santiment, a leading blockchain analytics business.
The platform has just made public its results about the top 20 cryptocurrencies with the quickest pace of development. Those findings indicated that Polkadot and Kusama scored first. The results also showed that Cardano came in third place.
These rankings demonstrate a high level of development activity, which may be a key indicator for investors evaluating the potential for growth and innovation of Bitcoin enterprises.
The rankings do not simply keep track of the raw activity on GitHub; instead, they consider the number of essential improvements or innovations that have been contributed to a project throughout its lifetime. This method assists in filtering out the noise and provides a more realistic depiction of the progress made by the development team when they are working on a project.
According to data provided by Santiment, high development activity rates are frequently predictive of a focused team, increased shipping of features, and a lower probability of the project becoming an exit scam.
In addition, the study found that 17 of the top 20 leading assets regarding development activity are also in the top 100 cryptocurrencies regarding market capitalization. This was one of the most exciting findings. This demonstrates a significant connection between dedicated development teams and improvements in pricing for a more extended period.
The activity of a cryptocurrency project’s development team is simply one of many elements to consider when determining whether or not a cryptocurrency project will be successful. On the other side, the high level of development activity could provide investors a sense of comfort because it reduces the danger that the value of an asset would drastically decrease shortly.