Altcoin
Polkadot outshines other networks in the last month with the highest…
- In the last 30 days, Polkadot saw the highest number of development activity.
- User activity on the chain climbed during the period.
Polkadot [DOT] has emerged as a leading blockchain in terms of development activity, according to Santiment. The network recorded the highest number of GitHub commits in the last month, showing a high level of development activity and engagement from its protocols deployed on the interoperable blockchain.
?? Top 10 #crypto assets by development activity: notable #github commits, past 30 days:
1) #Polkadot $DOT
2) #Kusama $KSM
3) #Cardano $ADA
4) #Decentraland $MANA
5) #Status $SNT
6) #Cosmos $ATOM
7) #Filecoin $FIL
8) #InternetComputer $ICP
9) #Ethereum $ETH
10) #Concordium $CCD pic.twitter.com/lwqDix1K6V— Santiment (@santimentfeed) January 24, 2023
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Per data from the on-chain data provider, Polkadot’s development activity in the last 30 days totaled 441.5.
In assessing a network’s performance, development activity is an important metric. This is because it provides insight into the level of engagement and commitment of a project’s community and development team.
A high level of development activity, as indicated by the large number of GitHub commits, suggests that the project is active and continuously being worked on, which can prove its potential for growth and success in the long term. Additionally, it can mark how well developers are adopting the blockchain and how quickly new features and improvements are being added.
The rally in Polkadot’s development activity in the last month is attributable to the increased upgrades and activity on the network’s parachains. For example, Mantra Network, a privacy-preserving DeFi stack built on Polkadot, announced the launch of its MantaPay testnet v3 on 29 December 2022.
Also, Bifrost Finance, a Parachain on Polkadot and Kusama, announced the launch of its new cross-chain function, allowing users to switch easily between its native token BNC and Astar Network’s ANC.
1/ It's #PolkadotRoundup time! Check the ? for the latest key news and announcements from parachain teams, ecosystem projects and infrastructure providers. pic.twitter.com/KuUWp9iZle
— Polkadot (@Polkadot) January 23, 2023
Polkadot in the last 30 days
Per data from Subscan, user activity on the chain has rallied in the last month. The count of new addresses created on Polkadot daily has jumped by 15%. Likewise, the number of daily active accounts on the blockchain has increased by 47% during the same period.
Source: Subscan
Read Polkadot’s [DOT] Price Prediction 2023-24
Further, daily active developer count on the network went up by 15%. Daily code commits on the network went from 10 commits on 25 December to 1,200 code commits on 23 January. This represented over a 10,000% increment in daily code commits on Polkadot in the past 30 days.
Source: Token Terminal
Lastly, daily revenue recorded on the network has also grown significantly during the last month. According to Token Terminal, it increased by 2500%.
Source: Token Terminal
