Santiment<\/a> has shared the latest ranking for various cryptocurrency projects based on the criterion of \u201cdevelopment activity.\u201d<\/p>\nThis metric keeps track of the total work the developers of any given coin have been doing on the project\u2019s public GitHub repository.<\/p>\n
To measure this work, Santiment\u2019s indicator uses the concept of \u201cevents.\u201d An event refers to the developer\u2019s action on the cryptocurrency\u2019s repository.<\/p>\n
These events aren\u2019t the same as \u201ccommits,\u201d which are records of changes made to the repo\u2019s code. The analytics firm has chosen this methodology rather than simply measuring the number of GitHub commits themselves because the latter can sometimes prove to be inaccurate.<\/p>\n
This is because when a project is forked (that is, a clone of it is created up to a certain point), the commits of the original project are inherited by the newer one. These commits, though, are not proof of the work done by the fork\u2019s developers.<\/p>\n
Events circumvent this issue by counting the forking as a whole as just a single event, with the events of the past project not carrying over, thus providing a truer picture of the developer\u2019s work.<\/p>\n
\u201cOur platform pulls notable GitHub activity from project repositories via a back-tested process to ensure only the team\u2019s significant efforts to innovate and improve are included,\u201d notes Santiment.<\/p>\n
Now, here is a table that shows how the top 10 projects are looking like right now based on their respective development activities over the past 30 days:<\/p>\n
<\/p>\n
As is visible above, Chainlink has improved its standing and has surpassed Cardano to become the top asset in this metric. The gap between the two, though, isn\u2019t that much currently, as LINK has seen over 451 events in the past 30 days, while ADA has observed almost 445.<\/p>\n
Polkadot (DOT) and Kusama (KSM), who used to be at the top fighting with ADA for the first position, appear to have fallen off, as they are now sixth and seventh, respectively.<\/p>\n
Ethereum (ETH), the second-largest cryptocurrency based on market cap, has also improved its development activity rank this month, though it\u2019s still just the ninth-placed\u00a0asset in this metric.<\/p>\n
As for what Chainlink\u2019s surge to the top of the development activity list might mean, the answer is that it usually doesn\u2019t directly correlate to the price.<\/p>\n
What it shows, however, is that the developers of the project are committed to it, which can be one of the signs to look for when estimating whether a project will be around in the long term or not.<\/p>\n
<\/span>LINK Price<\/span><\/h2>\nWhen writing, Chainlink is trading around $18, down 7% over the past week.<\/p>\n
![\"Chainlink](\"https:\/\/www.bitrabo.com\/discover\/wp-content\/uploads\/2024\/03\/Chainlink-Flips-Cardano-To-Become-1-Crypto-In-This-Metric\")
<\/p>\n