Bitrabo Editorial
Recent data indicates that the Ethereum ecosystem continues to lead in development activity compared to competitors such as BNB and Polygon.
Ethereum Ecosystem Reports 0.8% Growth in Last Year
A recent post by the analytics firm Santiment highlights how development activities across various cryptocurrency ecosystems have compared over the past year.
“Development activity” measures the overall effort that developers contribute to their project’s official GitHub repository.
This analysis focuses on the collective development efforts within a blockchain, like Ethereum or BNB, rather than individual projects. A common way to assess this activity is by counting the number of commits developers make to a repository. However, this method can be misleading since commits can come from a forked project, not representing the original developer’s work.
To address this, Santiment utilizes a metric based on “events,” which reflect actual changes made by developers. In this system, forking only counts as a single event, ensuring that only new contributions are tallied, leading to a more precise view of development input.
The following chart illustrates the trends in combined development activity across the top 15 ecosystems in the cryptocurrency sector:
According to the chart, Ethereum has maintained the highest development activity over the past year, with an overall increase of 0.8% compared to last year. While this growth is modest relative to other ecosystems, projects like Optimism and Fantom have achieved remarkable growth rates of 39% and 31%, respectively.
Despite this growth from other blockchains, Ethereum’s dominance remains unchallenged, significantly outpacing BNB and Polygon in second and third places.
A high level of development activity often signifies a dedicated developer community, which can indicate the asset’s long-term viability and security from potential scams. However, this metric reflects broader ecosystem interests, so to gauge the health of specific coins, individual development activities must be analyzed.
Current ETH Pricing
As of now, Ethereum’s trading price is approximately $2,300, reflecting a 1% decline over the past week.