Ethereum Layer 1 Competitor Leads Crypto Space in Development Activity: Analytics Firm Santiment

New data from crypto analytics platform Santiment reveals that a layer 1 Ethereum (ETH) the competitor is the industry leader in terms of development activity.

In a new post on social media platform X, Santiment said this Hedera decentralized application protocol (HBAR) is leading the crypto space in development activity over the past 30 days, surpassing smart contract platform Cardano (ADA) and the Layer 2 scaling solution Optimism (P.O.).

Other notable digital assets featured in the list of top 10 digital assets with the most development activity include layer 2 scaling solution Polkadot (POINT) and its blockchain sister Kusama (KSM), oracle provider Chainlink (LINK), and the Cosmos interoperable blockchain protocol (ATOM).

“Here are the top crypto coins by development frequency. Hedera’s team was the most active during this period. The list below is sorted by counting any non-redundant activity on a project and averaging that daily activity over the last 30 days:

1) Hedera

2) Optimism

3) Gimbal

4) Chain link

5) StarkNet

6) Ethnic status

7) Definition

8) Cosmos

9) Polka Dots

Tied 9) Kusama Network.

Source: SantimentX

The trading information company’s chart shows that Hedera has a developer activity score of 552.97 over the past 30 days, surpassing both Optimism and Cardano, which had scores of 543.13 and 539.53.

In February, Santiment find that HBAR was ranked 6th on the list of top 10 crypto assets with the most development activity, behind Cardano, Polkadot, Kusama, Optimism and public decentralized network Internet Computer (PCI).

Hedera is trading at $0.0998 at the time of writing, down 1.82% in the last 24 hours.

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