Ethereum continues to be the top dog in the crypto world when it comes to development activity. Data from Santiment shows that Ethereum has consistently had the highest level of developer activity over the past year, even though it only saw a modest 0.8% increase.
Developers are Busy Building on Ethereum
Santiment tracks development activity by looking at changes made by developers on a project’s codebase. This gives a more accurate picture of how much work is being done than simply counting the number of code commits.
While Ethereum’s growth was modest, other blockchains like Optimism and Fantom saw huge jumps in development activity. Optimism saw a 39% increase, while Fantom saw a 31% increase.
Despite the growth of other blockchains, Ethereum still has a significant lead over BNB and Polygon, which are in second and third place.
What Does Development Activity Mean?
High development activity suggests that developers are committed to a project. This can be a good sign for investors, as it indicates that the project is being actively developed and improved.
However, it’s important to note that development activity is just one factor to consider when evaluating a cryptocurrency.
Ethereum’s Price
At the time of writing, Ethereum is trading at around $2,300, down 1% over the last week. /p>
