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The activity of Ethereum developers is growing before the transition to Proof-of-Stake. What other networks are in the ranking of the most developed?
While the cryptocurrency market is under the control of bears, developers continue to create new applications. Some blockchains stand out, accelerating development.
According to Santiment for August 22, over the past 30 days, the most active were developers who work with the ETH network. In total, analysts counted 401 development actions in the network over the past month. Ethereum (ETH). Second place takes Polkadot (DOT), and the third went to his sister network – Kusama (KSM). They have 400 and 389 development actions. A little lack of activity Cardano (ADA) – 324 actions and fourth position. At the end of 2021, it was Cardano that was recognized as the project with the most active community of developers. Then it managed to get ahead of ETH, DOT and KSM.
The development activities tracked by Santiment are based on publicly available data from github’s freely accessible repositories. Monitoring affects only development-related events.
Ethereum’s development activity correlates with the upcoming Merge update – the transition of the main network to Proof-of-Stake (PoS) consensus instead of the previous Proof-of-Work (PoW). With such significant development, the platform is likely to attract more projects, and they will be eager to invest in a new version of the blockchain. The number of ETH projects is likely to grow at an accelerated pace after the transition as network efficiency becomes higher.
Another explanation for the influx of developers into Ethereum is the reduction of gas fees – transaction fees. Traditionally, high network fees have been An Ethereum issue, but recently the fee has dropped to its lowest levels in 2 years. Curiously, the same decrease in commission is observed in the Bitcoin network.
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