- Polkadot and Its Test Network Kusama Outrun Crypto Space in Development Activity: According to crypto analytics firm Santiment, Polkadot (DOT) and its canary test network Kusama (KSM) have registered 527.7 notable GitHub commits in the past 30 days, leading all other crypto projects.
- High Levels of Development Activity Indicate Success: High levels of development activity indicate that developers have faith a crypto project will be successful. It also decreases the possibility that a crypto asset is an exit scam, according to Santiment.
- Cardano and Web3 Project Internet Computer Also Show High Commitment Counts: Ethereum competitor Cardano (ADA) was third on Santiment’s list with 450.9 GitHub commits, and the Web3 project Internet Computer (ICP) was fourth with 391.1.
Polkadot and Kusama Lead Crypto Projects in Development Activity
Interoperability blockchain Polkadot (DOT) and its canary test network Kusama (KSM) continue to outrun the rest of the crypto space in terms of development activity, according to the crypto analytics firm Santiment. The two projects registered 527.7 notable GitHub commits over the past 30 days, leading all other crypto projects by a wide margin.
Development Activity Indicates Faith in Project Success
According to Santiment, high levels of development activity can indicate developers have faith a crypto project will be successful. This also decreases the possibility that a crypto asset is an exit scam. Ethereum competitor Cardano (ADA), was third on Santiment’s list with 450.9 GitHub commits, while Web3 project Internet Computer (ICP), came in fourth with 391.1 commits over the same period of time.
GitHub Data Valuable for Evaluating Crypto Assets
Santiment notes that it does not count routine updates when collecting data for true GitHub commits only – making this type of data valuable for evaluating potential investments into cryptocurrency assets like DOT and KSM. Currently DOT is trading at $5.23 at time of writing while KSM is trading at $23.09 at time of writing – both down slightly over the past week