These Are the Top 10 Cryptocurrencies by ‘Notable Development Activity’ (Santiment)

TL;DR

• Internet Computer (ICP), Chainlink (LINK), and Hedera (HBAR) retained their top spots in terms of “notable development activity.”
• The rankings are based on filtered development events that reflect real progress, emphasizing active contributions from developers.

The Top 10 List

Cryptocurrency analytics platform Santiment recently estimated that Internet Computer (ICP) ranked first in terms of “notable development activity” in the past month, collecting a score of 409.63.

The asset started December on the right foot, with its price jumping to a multi-month high of over $15. However, the latest market correction negatively affected ICP, which plummeted below $10 (per CoinGecko’s data).

Chainlink (LINK) claimed the second spot with a ratio of 287.07, while Hedera (HBAR) ranked third. It is interesting to note that the top 3 club looked exactly the same after the previous research. 

Starknet (STRK) climbed the ladder and was positioned in fourth place, while Cardano (ADA) lost some steam and is now fifth. 

Similar to ICP and many other cryptocurrencies, ADA was at the forefront of gains in the first week of the month. On December 7, its price touched $1.30 (a level last observed at the start of 2022). The peak was short-lived, though, with ADA currently trading at around $0.84.

The other digital assets down the line include Optimism (OP), Polkadot (DOT), Kusama (KSM), DeFiChain (DFI), and sUSD (SUSD).

Santiment’s Methodology 

To conduct the aforementioned research, the platform’s team employs the so-called Ecosystem Dev Activity Dashboard, which shows the number of development events created on various blockchains and their associated dApps. 

“These events are carefully filtered and predefined to be representative of real programming progress, meaning no low-value actions are taken into consideration. This way, any crypto-curious person can easily see which are the most active crypto ecosystems out there,” the working group explained.

The team emphasized the importance of the size of a project’s community, particularly focusing on how many members are developers and actively contributing to the ecosystem.

Finally, Santiment clarified that development activity differs from GitHub activity. The former focuses on specific types of events, excluding things like commits, forks, comments, and project management tasks. In contrast, GitHub is comprised of all kinds of factors apart from commits.

“One key distinction between Dev Activity and GitHub Activity is that Dev Activity allows for a fairer comparison between different organizations. This is because some events excluded in Dev Activity are related to Issues and Issue Comments,” Santiment’s team concluded.