Layer-1 Ethereum Competitor Leads Crypto Space in Terms of Development Activity: Analytics Firm Santiment

New data from crypto analytics platform Santiment reveals that a layer-1 Ethereum (ETH) competitor is leading the industry in terms of development activity.

In a new post on the social media platform X, Santiment says that decentralized app protocol Hedera (HBAR) is leading the crypto space in development activity over the last 30 days, overtaking smart contract platform Cardano (ADA) and layer-2 scaling solution Optimism (OP).

Other notable digital assets on the top 10 list of digital assets with the most development activity include layer-2 scaling solution Polkadot (DOT) and its sister blockchain Kusama (KSM), oracle provider Chainlink (LINK), and interoperable blockchain protocol Cosmos (ATOM).

“Here are crypto’s top coins by development frequency. The team at Hedera has been the most active over this timeframe. The below list is sorted by counting any non-redundant activity from a project, and averaging this daily activity over the past 30 days:

1) Hedera

2) Optimism

3) Cardano

4) Chainlink

5) Starknet

6) Ethstatus

7) Dfinity

8) Cosmos

9) Polkadot

Tied 9) Kusama Network.”

The market intelligence firm’s chart indicates that Hedera has a development activity score of 552.97 over the last 30 days, surpassing both Optimism and Cardano, which had scores of 543.13 and 539.53, respectively.

In February, Santiment found that HBAR was ranked 6th on the top 10 list of crypto assets with the most development activity, behind Cardano, Polkadot, Kusama, Optimism, and public decentralized network Internet Computer (ICP).

Hedera is trading for $0.0998 at time of writing, a 1.82% decrease over the last 24 hours.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney