Cardano ($ADA) ‘reigns as crypto’s most developed asset,’ says Santiment

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On Tuesday, July 26, crypto-analytics firm Santiment said that Cardano ($ADA) continues to be the king of blockchains when it comes to the frequency of meaningful GitHub activity.

According to a tweet posted by Santiment earlier today, Cardano “continues to see the most frequent notable GitHub activity,” followed closely by Flow ($FLOW), Polkadot ($DOT), Kusama ($KSM), and Etheruem. ($ETH):

On April 17, 2018, Valentin Mihov, who was the CTO of Santiment at the time, published a blog post titled “Monitoring Crypto Projects GitHub Activity – Introducing a Better Approach”, in which he wrote :

GitHub activity is an interesting metric when analyzing ICOs and crypto projects. Developer time is a relatively expensive resource and if a given project has a lot of developers contributing their time and skills, it could mean several things:

  • These people believe that the project will succeed
  • The project offers more features
  • There is less likelihood that the project is just an exit scam




Sure, you could say that with enough money you can “fake” developer activity, but I think in practice we’re not at the stage where scams are going to invest the money and the effort required to do so. Also, simulating development activity will be pretty obvious to someone checking your public GitHub and will compromise the project a lot.

He went on to say that “commit tracking leads to some pretty disappointing results,” and that’s why Santiment “has developed a better methodology to estimate developer activity and that tracks the number of GitHub events generated by the commit.” ‘project organisation”.

He then mentioned that examples of such events are “code push count”, “issue interaction count — add/remove/edit comments in issues”, “request interaction count checkout — add/remove/edit comments in PRs”, “github wiki edit count”, “commit comment count”, “open source repository count”.

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Featured image by Quantitatives via Unsplash

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