Analytics Firm Santiment: Ethereum Competitor Dominates Crypto Space in Terms of Development Activity at Layer-1

Analytics Firm Santiment: Ethereum Competitor Dominates Crypto Space in Terms of Development Activity at Layer-1

According to new data from the crypto analytics platform Santiment, Hedera (HBAR), a decentralized app protocol, is currently leading the industry in terms of development activity, surpassing competitors such as Cardano (ADA) and Optimism (OP).

Santiment revealed this information in a recent post on the social media platform X. The post listed the top 10 digital assets with the most development activity in the past 30 days. Alongside Hedera, notable assets on the list included Polkadot (DOT), Kusama (KSM), Chainlink (LINK), and Cosmos (ATOM).

The market intelligence firm’s chart showed that Hedera had a development activity score of 552.97 over the past 30 days, outperforming Optimism and Cardano, which scored 543.13 and 539.53, respectively. This is a significant improvement for Hedera, as in February, it ranked sixth on the list, behind Cardano, Polkadot, Kusama, Optimism, and Internet Computer (ICP).

As of now, Hedera is trading at $0.0998, experiencing a 1.82% decrease in the last 24 hours.

Please note that the opinions expressed in this article are not investment advice, and investors should conduct their own research before making any high-risk investments in cryptocurrencies or digital assets. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets and is not an investment advisor.

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