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HomeNewsCardano Ascends the GitHub Throne, Eclipsing Polkadot and Kusama

Cardano Ascends the GitHub Throne, Eclipsing Polkadot and Kusama

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  • Cardano dominates in GitHub activity, surpassing Polkadot and Kusama with over 500 daily submissions.
  • Cardano’s latest data reveals an upward trajectory in both Total Value Locked (TVL) and network activity, showcasing its continuous growth.

GitHub Dynamics: Cardano Steals the Limelight

In the ever-evolving digital landscape, Cardano, despite its myriad of accomplishments, historically trailed its counterparts, Polkadot and Kusama, in terms of GitHub activity. That narrative, however, is being rewritten. A fresh report from Santiment indicates Cardano’s meteoric rise to the apex of development activity on GitHub, registering an unrivaled 500+ daily submissions.

GitHub: The Development Battleground

For the uninitiated, GitHub operates as a nucleus for development endeavors, facilitating vast numbers of developers to jointly contribute to projects. The recent statistics not only emphasize the dynamism of the developer communities backing these platforms but also the cutthroat competition in technological progression within the crypto sphere.

Cardano, basking in its newfound acclaim, hasn’t solely banked on GitHub activity to showcase its prowess. While this activity serves as a barometer of community engagement and project trajectory, Cardano’s advancements span far beyond.

Cardano’s Network: A Hub of Innovation and Growth

In their routine dispatches, IOHK, the orchestrator behind Cardano, delineates the strides the network has made. The latest report boasts impressive metrics: a staggering 8.7 million native tokens on Cardano, over 73 million transactions, and the inception of 137 projects, with a mammoth 1270 projects in the pipeline.

Beyond these milestones, Cardano’s financial indices are equally commendable. Although 2022 witnessed a lull in its Total Value Locked (TVL), 2023 marks a resurgence, with the TVL currently valued over $160 million. Parallelly, the stablecoin market capitalization witnesses a surge, its ascent even outpacing the TVL’s trajectory.

Despite these positive strides, ADA’s price currently faces headwinds, mirroring the larger market trend. At the time of reporting, ADA stands at $0.2588, registering a 7.67% dip over the past week.

Reflecting on this evolution, Santiment’s tweet captures the essence: While 2023 predominantly saw Polkadot and Kusama holding the reins of GitHub activity, Cardano has now not only caught up but sprinted ahead, marking a pivotal shift in the crypto development arena.

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Ralf
Ralf
Ralf Klein is a computer engineer specializing in database technology, and as such, he was immediately fascinated by the possibilities of blockchain when he first heard about it, especially since this distributed, tamper-proof technology can be the foundation for much more than just cryptocurrencies. At ETHNews, he translates the articles of his English-speaking colleagues for the German readers. Business Email: info@ethnews.com Phone: +49 160 92211628
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