Crypto developer activity continued to move forward in 2022 amid crypto crashes and liquidation concerns. Santiment Insights announced that in 2022, Ethereum and Cardano have the most dense crypto developer communities. Cosmos (ATOM) and Chainlink (LINK) also managed to rank in the top 10 among developers’ preferences.
Development activity continued in crypto winter
cryptocoin.comAs you follow, 2022 has been pretty tough for the market. Cryptocurrency prices have formed a southward curve after the 2021 bull run subsided. Hence, the crypto community will mark 2022 as perhaps the worst calendar year for the industry. However, developers continued to make their way in the bear market environment. Accordingly, the winter market is a good time for developers to make progress on their blockchain projects. Developer activity is not as often the subject of discussion as price trends. On the other hand, it would be unfair not to say that some projects have made great progress in the last year.
The decline in crypto prices in 2022 did not affect the development of Blockchain in various projects. For example, Ethereum and Cardano are in the top 5 busiest crypto originator networks since November 2021. Interestingly, the crypto market was enjoying its price peak at the time. Bitcoin reached the level of 69 thousand dollars and altcoins were forcing peaks in a breathless rally mood. However, 2022 has been a year when that weather turns around and deepens with crashes. So it is not yet clear how the massive developer activity is reflected in the price increase.
Altcoins with high developer activity include ATOM
Analytics platform Santiment Insights has shared its list of top cryptocurrencies with high developer activity. In this context, Santiment explained, “The sum of GitHub repository activities since the BTC peak in November 2021 is the highest in November.” Santiment’s list includes Kusama (KSM), Polkadot (DOT), Ethereum (ETH), Cardano (ADA) and Uniswap (UNI). They are followed by Solana (SOL), Filecoin (FIL), Status (SNT), Cosmos (ATOM) and Chainlink (LINK).
Meanwhile, crypto prices continue to remain quite low compared to 2021 levels. In recent weeks, leading crypto Bitcoin has continued its sideways movement amid market uncertainty stemming from the FTX bankruptcy. At press time, Bitcoin has been trading sideways at $16,826 over the past 24 hours, according to CoinMarketCap data. Leading altcoin Ethereum is also changing hands with a slight increase in parallel with Bitcoin. Cosmos (ATOM) has shifted to the red zone. At the time of writing, it is priced at $8.90, down 0.72% on a daily basis.
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