The altcoin market gained significant momentum in January in terms of development activities regardless of prices. Cardano and Ethereum upgrades scheduled for February are leading the heat of competition. In this post, let’s take a look at the top 10 cryptocurrency projects of the day by development activity, based on data from ProofofGitHub.
Top 10 altcoins according to GitHub development event
According to data from ProofofGitHub, Polkadot (DOT) and its pre-production network Kusama (KSM) are leading the GitHub development event, followed by Cardano (ADA) gearing up for February 14. Elsewhere, the second-ranked cryptocurrency by market cap, Ethereum (ETH), has the third-highest development activity. Next, the metaverse game Decentraland (MANA) 607 is fourth and Filecoin (FIL) is fifth.
Other top ten cryptocurrencies include Status (SNT), Internet Computer (ICP), IOTA (MIOTA), Solana (SOL), and Cosmos (ATOM).
Polkadot (DOT) continues development
According to the ranking, Polkadot continues to lead its development activities with its so-called “Blockchain of Blockchains” eclipsing other well-established names such as Cardano and Ethereum. Also, data from crypto analytics platform Santiment showed that Polkadot spearheaded development activity in January 2023.
The development activities reflect the efforts of the Polkadot team after publishing a roadmap to improve the scalability of the platform. Part of the roadmap focuses on simultaneous support, or decoupling the extension of parachains from the extension of relay chains. If the upgrade is carried out, the network speed is expected to increase by between 100,000 and 1 million transactions per second.
Cardano development progress: Altcoin project preparing for February 14
Elsewhere, Cardano has also been in the top spot, concluding stable on-chain operations in recent years. The Charles Hoskinson-backed project was the top Blockchain protocol according to its development event in 2022, leaving Polkadot in second place.
Cardano’s mainnet business also saw significant growth in 2022, led by features such as the smart contract feature, which has since crossed 4,000 milestones. Indeed, Cardano is looking forward to a busy 2023 set for ranked projects to hit the net. Topping the list is the Djed stablecoin, which was launched to act as a bullish price trigger for the platform’s native token ADA. cryptocoin.com We have included details about the planned promotion for February 14th in this article.
An overview of the data from ProofofGitHub shows that Polkadot is making the difference in terms of development activities. Cardano and Ethereum remain in the top 3, with upgrades scheduled for February.
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