The on-chain analysis platform Santiment has shed light on the development activity of projects in the altcoin market with its latest GitHub data compilation. The list, which highlights the top altcoins based on development activity, is led by Cardano (ADA), followed by Polkadot (DOT) and Kusama (KSM).
Top 10 Altcoins Based on Development Activity
According to Santiment’s list compiled from GitHub data, the top positions are occupied by Cardano, Polkadot, and Kusama. The rest of the list is completed by Avalanche (AVAX), Internet Computer (ICP), Hedera (HBAR), Cosmos (ATOM), Optimism (OP), Status (SNT), and Chainlink (LINK).
In the world of cryptocurrencies, it is commonly believed that active development activity is generally associated with price performance. The fact that the majority of these altcoin projects in the top 10 development activities are also among the top 50 cryptocurrencies by market value confirms this belief.
What is Development Activity?
“Development activity” typically refers to the progress, growth, or evolution of an altcoin project‘s software over a certain period. The software development process consists of three main components: code development, software design, testing, and debugging.
Code development is where software developers create, test, and improve software code. Software design involves planning development processes such as software architecture and user interface design. Testing and debugging are the testing of the software, identifying, and correcting errors.
This term can be used in a broad context and cover many different areas. In the business world, it is used in various fields, from software development to product design, research projects, and construction activities.
High development activity of an altcoin is an indicator of consistent work, keeping up with innovations, and high long-term potential, according to investors and industry observers.
