Crypto developer activity continued to move forward in 2022 amid crypto crashes and liquidation concerns. Santiment Insights announced that in 2022, Ethereum and Cardano have the heaviest crypto developer communities. Cosmos (ATOM) and Chainlink (LINK) also managed to make it to the top 10 amid developers’ preferences.
Development activity continued in crypto winter
2022 has been pretty tough for the market. Cryptocurrency prices have formed a true southward curve after the 2021 bull run has subsided. Hence, the crypto community will mark 2022 as the predictably worst calendar year for the division. However, developers continued to make their way in the bear market environment. Accordingly, the winter market is a good time for developers to make progress on their blockchain projects. Developer activity is not as often the subject of discussion as price trends. On the other hand, it would be unfair not to say that some projects have made great progress in the last year.
The decline in crypto prices in 2022 did not affect the development of Blockchain in various projects. For example, Ethereum and Cardano are in the top 5 heaviest crypto originator networks since November 2021. In a different form, the crypto market was enjoying its price peak at the time. Bitcoin had reached the level of 69 thousand dollars and altcoins were pushing the hills in a breathless rally mood. However, 2022 was a year when this weather turned and deepened with collapses. So it is not clear now how the massive developer activity is reflected in the price increase.
In the midst of altcoins with high Crypto-Linked Stocks Rally After Fed Rate Hikedeveloper activity, there is also ATOM
Analytics platform Santiment Insights has shared a list of the most beautiful cryptocurrencies with high developer activity. In this context, Santiment explained, “The sum of GitHub repository activities since the BTC peak in November 2021 is the highest in November.” The top 5 on Santiment’s list include Kusama (KSM), Polkadot (DOT), Ethereum (ETH), Cardano (ADA) and Uniswap (UNI). They are followed by Solana (SOL), Filecoin (FIL), Status (SNT), Cosmos (ATOM) and Chainlink (LINK).
In the midst of this, cryptocurrency prices remain quite low compared to 2021 levels. In recent weeks, the chairman crypto Bitcoin has continued its sideways movement amid the market uncertainty stemming from the FTX bankruptcy. According to CoinMarketCap information, at press time, Bitcoin has been trading horizontally at $ 16,826 in the last 24 hours. Leading altcoin Ethereum is also changing hands with a small increase in parallel with Bitcoin. Cosmos (ATOM) has shifted to the red zone. At the time of writing, it is priced at $8.90, down 0.72% on a daily basis.