According to Santiment, a blockchain analysis firm, the Cardano blockchain was where most of the development in crypto and blockchains in 2021 took place.
This is surprising given the dominance that Ethereum blockchain has. In 2021, Ethereum was responsible for over 63% of the entire total value locked in DeFi.
Furthermore, Santiment established that Ethereum came 4th after Kusama and Polkadot ecosystems which came very close after Cardano – all with over 140,000 instances of development activity.
Ethereum had a much lower number at just over 100,000 instances of development activity.
Santiment’s development activity is taken as a measure of developer confidence in a blockchain ecosystem as a project – and the results from Santiment are an indicator of the low-key strength of the 3 top chains and the pressure that Ethereum is facing because of its high fees and poor throughout.
Santiment also tracked blockchains according to the quantity of contributing developers to a project’s GitHub repository, and Cardano, once more, was the leader – as the trend held.
Cardano, founded by Ethereum co-founder, Charles Hoskinson, prides itself as an eco-friendly and full Proof-of-Stake blockchain with smart contract functionality. Furthermore it is much cheaper and faster compared to Ethereum and users can even stake ADA tokens to earn passive income.
Polkadot and Kusama are related sharing the same underlying architecture, referred to as a multichain, heterogeneously-sharded design based on Nominated Proof-of-Stake (NPoS).
Interestingly, another crypto analytics firm, Messari, however, has Ethereum as the leading protocol when it comes to monthly development activity.
According to Messari, while Polkadot has witnessed an increased rate of activity in 2021, Solana has performed stronger after the leader, Ethereum.
Messari has also highlighted Cosmos as the 4th ecosystem in development activity.
RECOMMENDED READING: Crypto Companies Raised Over $25 Billion in 2021 – Nearly 10x Compared to 2020
Thank you for your support by helping us create content:
BTC address: 3CW75kjLYu7WpELdaqTv722vbobUswVtxT
Follow us on Twitter for latest posts and updates
Join and interact with our Telegram community
Subscribe to the channel below to keep updated on latest news on video: