Crypto analytics firm Santiment has announced that decentralized crypto exchange Uniswap (UNI) remains the leading altcoin when it comes to development activities.
According to a Santiment tweet, Uniswap was the fastest developed asset in the last 30 days with 1,430 submissions per day on the software development platform GitHub.
The firm also highlights that it sees the continued development momentum of leading altcoin Ethereum (ETH) competitors Solana (SOL) and cross-chain interoperability protocol Polkadot (DOT).
“We’ve seen many of the usual team reign supreme among the top development activity leaders like UNI, SOL, and DOT. In our latest newsletter, we look at whether their trajectory is moving in the right direction as prices are depressed.”
Santiment went down the details in its Insights newsletter where he noted that tracking project development activity is a preferred metric when crypto markets are down.
Last month Uniswap was responsible for 1,070 GitHub submissions per day, and Santiment now has this to say about the project’s continued growth:
“Uniswap is far superior to even the nearest project in terms of notable daily updates on GitHub. Uniswap’s development activity has definitely exploded since mid-January. […]
And the shocking thing is that UNI continues to rise in daily submissions after its initial increase at the start of the year. This DeFi [merkezi olmayan finans] The price of the asset has dropped over the past year, but it’s still a “development” to consider.”
In 2021, Ethereum rival and scalable decentralized blockchain platform Cardano (ADA) led the way in daily GitHub submissions, but Santiment reports that the project failed in sixth place with 304 submissions up to date.
“Cardano continued to fall out of favor as 2022 progressed and is no longer among the top 10 assets with market capitalization. During 2021, it was the #1 enhanced asset according to notable GitHub submissions.
And that probably had a lot to do with the massive divergence from the rest of the market in August. As of now, the pace of development is somewhat back to normal.”
Solana ranks second with 408 GitHub submissions per day, with Santiment noting that the project continues to grow steadily even as SOL has cooled from the October 2021 “craze”. “
Solana is a relatively new asset that has been publicly traded for about two years. […]
After peaking about three months ago, the pace of development has calmed down slightly. But with 408 submissions per day, the team behind Solana is constantly trying to improve the asset.”
Regarding Polkadot, Santiment noted that the project has dropped since last year in terms of productivity, but DOT still ranks fourth with 325 to 334 GitHub submissions per day.
“Polkadot’s development team was surprised by the development rates last year and it doesn’t quite fulfill the staggering 450+ daily shipping rate as it was in 2021. But the 16th-ranked cryptocurrency by market cap still holds up well, with 334 GitHub submissions per day.”
