According to recent research, the Polkadot network is the industry’s most active in terms of developer commits on GitHub.
On Feb. 22, market intelligence platform Santiment reported that Polkadot led the way for notable development activity over the past month.
The firm measured GitHub’s commits to determine developer activity for various crypto networks. GitHub is an internet hosting service for software developers and programmers to submit their code.
Polkadot and Kusama had 558 commits for the month, it reported. Kusama is often referred to as the Polkadot ‘canary network’ where development and testing are done.
Cardano (ADA) was in third place after these two with 506 Github commits, according to Santiment. The Internet Computer (ICP) was in fourth place, which is surprising since the project has fallen out of favor among crypto investors.
Polkadot Development Continues
Proof-of-stake Polkadot has a huge ecosystem encompassing hundreds of side chains or “parachain” projects. This ever-expanding system has been attracting developers from embattled networks such as Solana.
Furthermore, networks such as Polkadot have regulatory-compliant, user-focused utilities, which could help them avoid the wrath of regulators. The SEC, in particular, is adamant that most crypto tokens are “investment contracts” or securities.
Additionally, the Web3 Foundation (W3F) is working primarily with Polkadot and Kusama to expand web3 adoption.
On Feb. 21, the Foundation posted an update on the latest Ink! 4.0 release. Ink! is a programming language for smart contracts that is compatible with Substrate built blockchains such as Polkadot.
Last week, the Polkadot-based Astar Network partnered with Sony Network Communications on a web3 incubator program.
DOT Price Outlook
DOT has been pretty lackluster in terms of upward momentum during the 2023 crypto rally. Furthermore, the coin has dropped out of the top ten by market cap and is currently in thirteenth place.
DOT has retreated 4.3% on the day in a fall to $7.15 at the time of press. It has only managed to gain 15% over the past month while those around it have surged.
DOT has been hit hard during the bear market, tanking 87% from its November 2021 all-time high of just under $55.
The Kusama KSM token has fared a little better, gaining 27% over the past week. At the time of writing, KSM had lost 6.3% on the day in a fall to $42.81.
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions.