The latest GitHub data compiled by the crypto analysis platform Santiment sheds light on the development activity of projects in the altcoin market. According to the development activity, Cardano (ADA), Chainlink (LINK), and Polkadot (DOT) are at the top of the list, revealing the best altcoins.
According to Santiment’s compilation from GitHub, the list of the best altcoin projects based on development activity is topped by Polkadot and Kusama (KSM). Cardano and Chainlink follow them. The rest of the list is completed by Hedera (HBAR), Vega Protocol (VEGA), Status (SNT), Cosmos (ATOM), Internet Computer (ICP), and Filecoin (FIL).
It is believed that active development activity is generally associated with price performance. The fact that seven of the top 10 altcoin projects in terms of development activity are also among the top 35 altcoins in terms of market value confirms this situation. High development activity indicates that investors and industry observers evaluate the steady work and innovation in an altcoin project as an indicator of its long-term potential.
A closer look at Cardano’s high development activity reveals that August was intense for the altcoin project. The developer team is currently working on bootstrapping peers and reorganizing network test packages.
The consensus team reached a milestone with system-level comparisons for the UTXO-HD application, but there was a regression that needs to be addressed in terms of performance. Cardano’s developer team is also focused on the development of Genesis and the release of node v.8.3.0.
On the other hand, Chainlink is busy partnering with major financial institutions to test the integration of tokenized asset transfers between blockchains. Chainlink recently reported testing the integration of tokenized asset transfers between blockchains with SWIFT, a platform that enables secure and fast international money transfers and other financial transactions.