Cardano ($ADA) ‘Reigns As the Most Developed Asset in Crypto’, Says Santiment

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On Tuesday (July 26), crypto analytics firm Santiment said that Cardano ($ADA) continues to be the king of blockchains when it comes to the frequency of meaningful GitHub activity.

According to a tweet posted by Santiment earlier today, Cardano “continues to see the most frequent notable GitHub activity,” followed closely by Flow ($FLOW), Polkadot ($DOT), Kusama ($KSM), and Etheruem ($ETH):

On 17 April 2018, Valentin Mihov, who was the CTO of Santiment at the time, published a blog post titled “Tracking GitHub activity of crypto projects — introducing a better approach”, in which he wrote:

“GitHub activity is an interesting metric when analyzing ICOs and crypto projects. Developers’ time is a relatively expensive resource and if a given project has a lot of developers dedicating their time and skills it could mean several things:

  • These people believe that the project will be successful
  • The project is shipping more features
  • There is less probability the project is just an exit scam

Of course one could argue that with enough money you can ‘simulate’ developer activity, but I think in practice we are not at the stage where scams are going to invest the money and effort to do that. Also faking dev activity will be quite obvious for someone that check your public GitHub and will compromise the project a lot.“

He went on to say that “tracking commits leads to quite disappointing results,” and that is why Santiment “developed a better methodology for estimating developer activity and this is tracking the number of GitHub events that the project organization generated.”

He then mentioned that examples of such events are “number of code pushes”, “number of issue interactions—add/delete/edit comments in issues”, “number of pull request interactions —add/delete/edit comments in PRs”, “number of github wiki edits”, “number of comments on commits”, “number of repos open sourced”.

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