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ADA’s development activity soars, but the active users metric shows that…

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Cardano’s vibrant development activity has put it in the spotlight, but amidst the buzz, we explore the network’s active user landscape—unveiling the journey of adoption and growth.

Cardano's development activity soars, but what about active users?

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  • Cardano emerges with the second-highest development activity.
  • ADA price trend flashes positive as it trends above its short moving average.

Cardano [ADA} emerged as a top-ranking platform, garnering significant attention for its bustling development activity. Many talented developers are actively contributing to the network’s growth and evolution. Amidst this thriving activity, what is the state of active users on the network?


– How much are 1,10,100 ADAs worth today


Cardano dev activity makes a mark

As of 26 July, Santiment unveiled a development activity ranking chart, revealing Cardano’s remarkable position in second place. This chart meticulously tracked the development efforts of various platforms over the past 30 days, and Cardano had an impressive score of over 450.

Analyzing the data on Santiment, it became evident that Cardano’s network had experienced a surge in developer activity, reaching substantial heights until the start of July. However, it also witnessed a significant decline during that time.

As of this writing, developer activity on the Cardano network was again on the rise, surpassing a score of 75. 

Cardano dev activity

Source: Santiment

Cardano’s active addresses remain stable

Over the past 30 days, development activity on Cardano witnessed fluctuations with occasional spikes. On the contrary, another crucial on-chain metric exhibited a more stable trend.

As depicted in the Santiment chart, the number of active addresses consistently maintained the impressive milestone of 1 million since its rise in June.

Cardano active addresses

Source: Santiment

Although a slight decline was noted around 2 July, the active addresses rebounded and stood at approximately 1.03 million at the time of this writing. The daily active metric also showed a relatively subdued pattern, lacking major spikes during this period. As of this writing, the daily active addresses hovered around 20,000.

ADA resumes uptrend

When examining the daily timeframe chart for Cardano’s volume metric, it became evident that significant trading activity has yet to occur. However, despite the lack of major interactions, there has been a consistent back-and-forth between buyers and sellers pressure over the past few weeks.

ADA/USD price trend

Source: TradingView


– Is your portfolio green? Check out the Cardano Profit Calculator


As of this writing, the buyers’ pressure seemed to have the upper hand, as ADA was trading at around $0.3, showcasing a notable increase of over 1.3%.

Moreover, the price was currently maintaining its position above the short Moving Average (yellow line), signaling a positive trend in the market. Notably, the overall trend for Cardano remained bullish, as indicated by its Relative Strength Index (RSI) line.

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Adewale is a full-time journalist at AMBCrypto. While he is increasingly fascinating by the world of blockchain and cryptocurrencies, Adewale holds a degree in International Relations. Besides working on insightful articles that touch upon the crypto-space's hottest issues, he finds joy in supporting Manchester United and Afrobeat music.
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