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Developers have completed prolific levels of work on Internet Computer (ICP), Chainlink (LINK) and Hedera (HBAR) recently.
In a new analysis, the crypto analytics firm Santiment notes that Internet Computer, a cloud-focused public decentralized network, led all crypto projects with 421.3 notable GitHub events in the past 30 days.
The project’s native token, ICP, is trading at $4.97 at time of writing. The 64th-ranked crypto asset by market cap is up more than 3% in the past 24 hours.
Chainlink, the leading oracle network, was the second-most developed project, with 371.37 notable events in the past month. Hedera, a decentralized, open-source, proof-of-stake public ledger, ranked third, with 246.87.
Source: Santiment/X
Santiment notes that it doesn’t count routine updates in its analysis and relies on a “better methodology” to collect data for GitHub events based on a backtested process.
The analytics firm says crypto projects with high levels of recent development are often primed to ship new features. They are also significantly less likely to be exit scams.
Starknet (STRK), a decentralized validity rollup, was fourth on Santiment’s list, clocking 240.2 notable GitHub events over the past 30 days. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data.
The layer-1 blockchain Sui (SUI) ranked fifth, with 207.1 GitHub events.
