Tuesday, September 26, 2023

Polkadot and Its Test Network Kusama Continue To Outrun Crypto Space in Terms of Development Activity: Santiment

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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.

Santiment notes that Polkadot and Kusama both registered 527.7 notable GitHub commits in the past 30 days, leading all other crypto projects.

The analytics firm says that high levels of development activity can indicate developers have faith a crypto project will be successful. Development activity also indicates that a crypto project could be shipping new features, and it decreases the possibility that a crypto asset is an exit scam, according to Santiment.

Ethereum (ETH) 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.

Santiment notes that it doesn’t count routine updates and used “advanced methodology” to collect data for “true” GitHub commits only.

DOT is trading at $5.23 at time of writing. The 14th-ranked crypto asset by market cap is down more than 6.4% in the past seven days.

KSM is trading at $23.09 at time of writing. The 161st-ranked crypto asset by market cap is down more than 2% in the past week.

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