Layer 1 (L1) proof-of-stake (PoS) blockchain protocol Cardano (ADA) has maintained its position as the leading network, when profiled by development activity. According According to data from cryptanalysis platform IntoTheBlock (ITB), Cardano’s GitHub Commits have surpassed those of Ethereum (ETH), as well as the other top layer 1 blockchain networks.
Layer 1 (L1) proof-of-stake (PoS) blockchain protocol Cardano (ADA) has maintained its position as the leading network, when profiled by development activity. According According to data from cryptanalysis platform IntoTheBlock (ITB), Cardano’s GitHub Commits have surpassed those of Ethereum (ETH), as well as the other top layer 1 blockchain networks.
Cardano and its peers
According to data from ITB, Cardano has registered a total of 978,780 commits on GitHub between March 11 and 17. This figure places it above its second great rival, Ethereum, whose data collected in the same period amounts to 407,170.
Other notable L1 protocols include Avalanche (AVAX), Litecoin (LTC), and Tron (TRX). While they also received significant developer commitments over the past week, they are still behind Cardano. ITB data pegs Avalanche’s commitment count at 315,770, while Litecoin and Tron’s reach 84,110 and 79,380, respectively.
According to some market experts, developer activity is a direct reflection of the protocol’s prospects. While not necessarily true, more confirmations could mean the launch of more decentralized applications (dApps). It also involves updates and improvements to existing applications, a move that can solidify the resilience of protocols overall.
Impact on the price of vomiting
With stronger developer activities, the general expectation is that this will translate into a positive increase in volume and price. However, the opposite trend has been observed in Cardano price so far. The coin has been consistently below the price of $1 since April 2022.
At the time of writing, ADA is also changing hands for $0.6085, down 10.16% in the last 24 hours. Despite visible bullish GitHub commitment data, the coin has given up its gains over the past week, where its price is now down 18.32%.
