These 3 Cryptocurrencies Saw Higher Developer Activity On GitHub Than Ethereum In 2021: Santiment
Ethereum ETH-X rival Cardano (ADA-X) emerged as the cryptocurrency with the highest development activity in 2021, according to a report by Santiment.
Photo by Quantitatives.io on Unsplash
What Happened: Financial market data and content platform Santiment noted that ADA registered more than 140,000 events on the GitHub code repository in 2021.
Kusama (KSM-X) and Polkadot (DOT-X) were the projects that saw the second and third highest development activity and were neck-to-neck in terms of GitHub events.
(Click on image to enlarge)
Image Source: "A Year In Crypto: Santiment's 2021 Market Report"
Ethereum was placed in fourth place with over 100,000 events, according to data from Santiment.
Significantly, for the first time ever a non fungible token-centric project Flow (FLOW-X) made it to the end-of-year development report, which, according to the Santiment, highlights “the meteoric growth of the NFT sector in the last year.”
Why It Matters?
In a December-end Twitter update, Cardano creator Charles Hoskinson revealed that 175 projects are being built on Cardano and more than a dozen will be launching by the end of the first quarter.
The rise in development activity was mirrored in price action as well. In 2021, ADA, KSM, DOT rallied 647.3%, 299.35%, and 221.5% respectively. ETH rose 281% during the period.
Price Action: At press time, ADA traded 3.8% lower at $1.31, KSM was down 2.4% at $286, while DOT was up 1.3% at $29.82, while ETH was down 1.8% at $3,729.56.
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