Report: Cardano ranks first in terms of development and commitment over the past year
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Answer Report: Cardano ranks first in terms of development and commitment over the past year
The journey of cryptocurrencies in the past 12 months has been a very wild one in terms of price volatility, prominence, and some rising to new records.
The price of the digital currency is only one aspect of it as a lot of work and development is going on in the background to support the explosive growth of the project.
According to the report “Outlier Ventures” Which focused on the development trends of blockchain networks between July 2020 and June 2021, and its results were as follows:
Cardano leadership of the monthly development commitments list:
First, the report shows that Cardano ranks highest when it comes to average monthly obligations.
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At a rate of 702, which represents a growth of 24% over the previous twelve-month period.
The second network after Cardano is, somewhat predictably, Ethereum which posted an average of 447 CPM, with a growth of 10.5%.
Next, there’s IOTA with 394, Filecoin with 368, and NFT-centric Flow at 305 CPM.
It is also worth noting that the report indicated that Cardano and Ethereum are 555% and 317% more active than the overall average.
Development commitment:
The report reveals that Project Avalanche is the winner when it comes to the overall increase in commitments on its blockchain.
It increased from 1,553 annual liabilities (CPY) in the previous period to 12,575 CPY in this period.
This represents a massive growth of 709.72%.
So somewhat surprisingly, the price of the AVAX cryptocurrency has skyrocketed over the past 12 months, reaching over $50 just a few weeks ago.
Second comes the “Ocean Protocol” with an increase of 354%, followed by the “Terra” project with an increase of 186%.
Next comes Cosmos with 115% and IOTA with 98%.
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Although there are some networks that are enjoying increased development activity, there are those who suffer from the opposite.
The “Aion” project saw a decline of about 95%, followed by a decrease in the “Energi” project by 94%.
How about the number of developers?
In terms of active developers, Ethereum leads with an average of 168 active developers per month, followed by Cardano with 165, Hyperledger with 157, and Filecoin with 112.
Once again, Avalanche has seen a massive growth of 299% in terms of the number of active developers per month on average.
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Below is a table showing the number of developers in each project at a monthly rate and the variable percentage:
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