Cardano is unquestionably the most actively developing cryptocurrency asset, according crypto analytics portal Santiment.
In the last 30 days, GitHub has seen more than 570 noteworthy advancements related to the blockchain. This outcome is 18% better than Polkadot, Cardano’s closest rival in this race.
It’s interesting to note that Cardano has a 35.5% advantage over Ethereum (ETH), which comes in fifth in this list for substantial development implementations. ETH leads all other cryptocurrencies in terms of daily development activity, followed by Cosmos and Cardano, as previously reported by U.Today.
According to GitHub, the Cardano node, which serves as a sort of aggregator for the rest of the system, receives the bulk of daily developer attention and work.
Impact of development on ADA pricing At first look, it could appear that despite Cardano’s development efforts, the value of the native coin of the blockchain, ADA, is unaffected. Despite originally being the least affected by the fallout from the FTX crash, the price of ADA has in fact been declining over the past few weeks.
Cardano (ADA), meanwhile, is currently losing ground against Bitcoin.
On the other hand, the fact that such a significant development has occurred is a huge boost for potential future successes.
If you think about it, whether the token price has decreased by 85% or 90% from the all-time high in a bear market is irrelevant.
What counts is what has been constructed in that dip.