According to data compiled by the crypto analytics firm Santiment, a cloud-focused Web3 altcoin project, Internet Computer (ICP), has emerged as a leader in the latest development activity in the crypto world. The data shows that Cardano (ADA) is in second place, right behind Internet Computer.
Internet Computer (ICP) Takes the Lead
Santiment’s data reveals that the public decentralized network Internet Computer recorded an impressive 46.9 GitHub entries in the last 30 days, surpassing all other altcoin projects in terms of development activity.
Internet Computer aims to revolutionize the internet with its serverless cloud feature. The network’s native token, ICP, is trading at $13.45 at the time of writing, facing a slight drop of about 2% in the last 24 hours. Nevertheless, the altcoin project indicates ongoing progress and innovation in its ecosystem with strong development activity.
It is important to note that Santiment uses an advanced methodology to monitor and analyze data, focusing solely on actual GitHub entries rather than routine updates. This approach provides a clearer picture of the real development activity happening in altcoin projects.
The Rest of the Altcoin Projects on the List
Following closely behind Internet Computer, Ethereum (ETH) competitor Cardano ranked second in Santiment’s development activity list with 434.3 entries last month. Cardano continues to attract the interest of both developers and users as a smart contract platform known for its scalability and sustainability features.
The smart contract platform Polkadot (DOT) and its canary network Kusama (KSM) shared third place with 431.33 entries. Ethereum Layer-2 scaling solution Optimism (OP) ranked fifth with 405.7 entries, positioning itself among the leading projects promoting innovation in the crypto world.
Santiment has previously emphasized the importance of intense development activity in an altcoin project, seeing it as a positive indicator of potential success. Such activity demonstrates that developers are actively contributing to and believing in the project’s future prospects, reducing the likelihood of the project being an exit scam.
