The cryptocurrency market has managed to continue its development even in the harsh conditions of 2022. As 2023 begins, development teams across major networks are building and expanding their ecosystems. According to GitHub data, projects such as MANA, DOT and ATOM are among the top 10 in terms of development activity.
Top 10 altcoins by GitHub development event as of January 2023
According to data from ProofofGitHub, metaverse game Decentraland (MANA) was ranked first at the GitHub development event as of January 3, 2023. The Metaverse project is followed by Polkadot (DOT)/Kusama (KSM) with 339.
Projects that managed to enter the top 5; They were Status (SNT), Ethereum (ETH), and Lisk (LSK). Meanwhile, the top ten projects include Ocean Protocol (OCEAN), Cardano (ADA), Solana (SOL), Cosmos (ATOM), and Osmosis (OSMO).
MANA outperforms Cardano in development
Cardano was the highest-development altcoin project on GitHub last year. “There’s a reason we’re number one on GitHub,” its founder Charles Hoskinson said at the start of 2022. Hoskinson also says that this success is not a coincidence:
It’s not because someone sitting in one place clicks a random button, it’s because there are too many people operating, too much effort.
In particular, in 2022, Cardano took the lead in terms of development activity in the field of Blockchain protocols, followed by Polkadot, Decentraland, and Cosmos. However, as December draws to a close, Polkadot in particular is outpacing Cardano in terms of daily development activities on GitHub.
MANA shows strength in on-chain metrics
The latest Decentraland development activity comes shortly after Santiment reported on December 30 that the supply of MANA on crypto exchanges has decreased significantly and could bode well for price action this year. cryptocoin.com We have included detailed data in this article. Santiment included the following analysis for 3 altcoins on this date:
Quant, Decentraland and Enjin are among the projects with the largest market caps to see a significant amount of cryptocurrencies leave exchanges in 2022. While its own prices, like the rest of the coin, have dropped drastically, these bode well for a better 2023.
Meanwhile, Decentraland announced in its year-end performance report that there are 2.7 million unique NFTs released on its platform for the year 2022. With such a figure, it achieved a 440% increase in the volume of NFTs printed on its network from year to year (Annual). In addition, the project managed to increase its sales volume by 510% by selling 143,900 wearable NFTs in the same period. However, despite this outstanding show, the MANA price failed to catch a break from the bearish streak. We have included current technical analysis in this article.
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