Internet Computer and Chainlink Dominate the Crypto Sector in Terms of Recent Development Activity: Santiment

Internet Computer ( ICP ) and Chainlink ( LINK ) are leading the crypto sector with “historic rates” of recent development activity, according to the digital asset analytics firm Santiment.

Santiment notes that Internet Computer, a cloud-focused public decentralized network, clocked 829 notable GitHub events in the past 30 days.

Chainlink, a decentralized oracle network, came in second with 789.87 notable events over the same time period. Hedera, a decentralized, open-source, proof-of-stake public ledger, was third, with 527.8.

Internet Computer, Chainlink and Hedera ( HBAR ) also finished first, second and third in the rankings last month, respectively.

Source: Santiment/X

The Ethereum ( ETH ) competitor Cardano ( ADA ) moved up to fourth place this month, with 430.97 notable events.

Santiment notes that it doesn’t count routine updates and utilizes a “better methodology” to collect data for GitHub events based on a “backtested process.”

The analytics firm has previously  said  that heavy development activity centered around a crypto project indicates developers believe in the protocol. Development activity also suggests that the project is less likely to be an exit scam.

ICP is trading at $7.79 at time of writing. The 31st-ranked crypto asset by market cap is down nearly 2% in the past 24 hours.

LINK is trading at $12.57 at time of writing. The 18th-ranked crypto asset by market cap is up nearly 3% in the past day.

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