Internet Computer (ICP), Chainlink (LINK), and Hedera (HBAR) have retained their top spots in terms of “notable development activity,” according to recent data from cryptocurrency analytics platform Santiment. This ranking is based on filtered development events that reflect real progress and emphasize active contributions from developers. Internet Computer (ICP) took the lead with a score of 409.63, followed by Chainlink (LINK) in second place and Hedera (HBAR) in third place. The top three remained the same as in previous research, with Starknet (STRK) moving up to fourth place and Cardano (ADA) slipping to fifth place.
In terms of price performance, Internet Computer (ICP) saw its price surge to a multi-month high of over $15 at the start of December, only to plummet below $10 due to the latest market correction. Similarly, Cardano (ADA) experienced gains in the first week of the month, reaching $1.30 on December 7 before dropping to around $0.84. Other digital assets in the top 10 list included Optimism (OP), Polkadot (DOT), Kusama (KSM), DeFiChain (DFI), and sUSD (SUSD).
Santiment’s methodology for determining notable development activity involves using the Ecosystem Dev Activity Dashboard to track development events on various blockchains and associated dApps. The team filters these events to ensure they reflect meaningful progress and exclude low-value actions. This approach allows for a clear comparison of the most active crypto ecosystems based on developer contributions. Santiment also highlighted the importance of a project’s community size, particularly the number of active developers contributing to the ecosystem.
It is worth noting that Santiment’s development activity metric differs from GitHub activity, as it focuses on specific types of events rather than all kinds of factors like commits, forks, and comments. This allows for a fairer comparison between different organizations and prevents certain events related to issues and issue comments from skewing the results. By focusing on meaningful development events, Santiment provides valuable insights into the real progress and activity within the cryptocurrency space.
Overall, Internet Computer (ICP), Chainlink (LINK), and Hedera (HBAR) continue to lead the pack in terms of notable development activity, reflecting their strong developer communities and active contributions to their respective ecosystems. While price fluctuations may impact short-term performance, the emphasis on meaningful development events provides a more accurate measure of progress and activity within the cryptocurrency space. Santiment’s methodology ensures a fair comparison of different projects and highlights the importance of developer contributions in driving innovation and growth within the industry.
