Cloud-Focused Web3 Altcoin Tops All Other Crypto Projects in Terms of Recent Development Activity: Santiment

A cloud-focused Web3 altcoin has surged ahead of all other crypto projects in terms of recent development activity, according to the analytics firm Santiment.

Santiment says the public decentralized network Internet Computer (ICP) registered 466.9 GitHub commits in the past 30 days, leading all other crypto projects.

The analytics firm notes that it does not count routine updates and uses “advanced methodology” to collect data for “true” GitHub commits only.

Internet Computer aims to add a serverless cloud functionality to the public internet. The project’s native asset, ICP, is trading at $13.45 at time of writing and is down nearly 2% in the past 24 hours.

Source: Santiment/X

Ethereum (ETH) competitor Cardano (ADA) is second on Santiment’s development activity rankings, with 434.3 commits in the past 30 days.

Fellow smart contract platform Polkadot (DOT) and its canary test network Kusama (KSM) are tied for third, with both registering 431.33 commits, and Ethereum layer-2 scaling project Optimism (OP) is in fifth with 405.7.

Santiment has previously said that heavy development activity centered around a crypto project is a positive indication that could mean developers believe the protocol will be successful or the project will soon be shipping new features. It also indicates that there is less possibility that the project is an exit scam.

Generated Image: Midjourney

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