- Cardano recorded the highest development activity in the past 30 days.
- DOT continued to see an uptrend in price, while ADA dropped slightly.
A look at the recent 30-day development activities within blockchain networks has indicated that Cardano [ADA] and Polkadot [DOT] are leading the way.
Cardano and Polkadot top development activity chart
According to a report from Santiment analyzed by AMBCrypto, Cardano and Polkadot claimed the top two spots in terms of development activity.
1 @Cardano $ADA
T2 @Polkadot $DOT
T2 @kusamanetwork $KSM
4 @hedera $HBAR
5 @AptosLabs $APT
6 @ethstatus $SNT
7 @chainlink $LINK
8 @cosmos $ATOM
9 @ethereum $ETH
10 @vegaprotocol $VEGA pic.twitter.com/JJiW1rH7Cy
— Santiment (@santimentfeed) November 6, 2023
This suggested that these networks have seen the highest level of developer engagement over the past 30 days. This metric is commonly used to measure the ongoing development and maintenance efforts within ecosystems.
According to the data, Cardano recorded more than 500 development activity scores. On its own, Polkadot crossed 480 development activity scores within the same 30-day period.
Analyzing the current daily development activity chart
A look at the daily development activity chart on Santiment showed that Cardano has experienced a fall in its development activities.
Also, the chart showed that the network’s development activity has remained below 100 for a long period of time. As of the present moment, the development activity was around 79.
On the other hand, a review of the Polkadot daily development activity chart showed a different trend. The chart showed a rise in activity over the past few days.
At the time of this report, the development activity for Polkadot was measured at 100.
Cardano sees TVL boost
Cardano has recently demonstrated strength in terms of its Total Value Locked (TVL), aside from its development efforts. An examination of the TVL chart on DefiLlama reveals an impressive trend.
Just a month ago, the TVL was around $166 million, but as of the latest data available, it has risen to around $243 million.
However, it is worth noting that the number of users has not followed a similar pattern. Despite this, it gave a respectable performance. At the time of this report, the number of users was around 47,000.
Cardano and Polkadot trends in different ways
A detailed analysis of the daily timeframe chart revealed that Cardano has been quite active in recent days.
On 7th of November, it experienced a notable 6% increase in value. The increase marked only the second time such a value increase has occurred since its uptrend began.
However, as of the most current data available, it was trading with a loss of over 2%, at around $0.3.
How much are 1,10,100 ADAs worth today
Furthermore, Polkadot also closed its trading on 7th of November with a 3.9% increase in value.
However, unlike ADA, Polkadot’s price rise continued. As of this writing, DOT was trading at around $0.6, with a little increase in value of less than 1%.