Blockchain Analysis Platform Santiment Reveals Cardano Losing Ground to Ethereum Rivals - COINTURK NEWS
reklamı kapat

Blockchain Analysis Platform Santiment Reveals Cardano Losing Ground to Ethereum Rivals

9:34 pm (7 days ago)
September 14, 2023

Santiment, a blockchain analysis platform, has announced that two Ethereum (ETH) rivals have surpassed Cardano (ADA) in a significant area. Will the smart contract platform Cardano lose its popularity?

Striking Report from Santiment!

According to Santiment’s new blog post, Polkadot (DOT) and the popular altcoin Kusama (KSM) have made more progress than Cardano on the development platform GitHub in the last thirty days. Santiment stated the following:

Polkadot and Kusama, with Cardano falling behind them once again in terms of development speed after Cardano surpassed them earlier this summer, currently make up many of the usual suspects in this top 10 ranking.

However, both Polkadot and Kusama led all other cryptocurrencies with 570.1 commits on GitHub in the last 30 days. Cardano ranked third with 548.77 GitHub commits in the last 30 days.

Altcoin Developments in the Spotlight!

In addition, Santiment revealed which projects put the most effort into improving and updating their existing products. DOT is currently trading at $4.02. The cryptocurrency, ranking 13th by market cap, has experienced a 0.6% increase in the last 24 hours. Additionally, KSM, ranking 173rd by market cap, is trading at $18.07 and has seen a 0.1% increase in the last day.

The leading analytics firm also highlighted other projects experiencing significant development activity, including the blockchain oracle Chainlink (LINK) and the peer-to-peer decentralized storage network Filecoin’s (FIL). The analytics company emphasized the following:

Looking at more recent times, it is evident that the Chainlink team has significantly increased their development rates. The Filecoin team has also started to gain some momentum since July.

FIL, currently ranked 32nd by market cap, has seen a 1.2% increase in the last 24 hours.

You can follow our news on Telegram, Facebook, Twitter & CoinMarketCap
Related Posts