Cardano developers have become leaders in activity in the crypto industry in 2022

The project’s native token ranked third in terms of return on investment

30.12.2022 - 15:00

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Last updated on Aug 5, 2024

What’s new? Analytics company Santiment has published the top 10 blockchains by developer activity in 2022. Cardano (ADA) blockchain took the top spot, according to the activity metric. Polkadot (DOT) and Cosmos (ATOM) were also in the top three. Ethereum (ETH), Internet Computer (ICP), Elrond (EGLD), Flow (FLOW), Optimism (OP), Aptos (APT), and Polygon (MATIC) followed in descending order.

Santiment’s data

Cardano was created by Input Output Hong Kong (IOHK) and Ethereum co-founder Charles Hoskinson in 2017. The native token ADA enables participation in the network’s operation. As of December 30, ADA is trading at $0,2411, down by 1,83% in 24 hours, according to Binance. The asset ranks ninth in the cryptocurrency ranking with a capitalization of $8,47 billion.

What other data has been released? Santiment also notes in its report that the Aptos blockchain worked very intensely before the launch of its mainnet, but slowed down afterward.

The Solana network may also have been in the top 10, but it faced a steady decline in developer activity during the year. However, on December 30, Ethereum co-founder Vitalik Buterin predicted Solana would prosper, citing that the project had gathered a community of skilled developers around it and got rid of “the awful opportunistic money people.” One of Solana’s biggest investors is Alameda Research, part of the bankrupt FTX Group.

Santiment analysts also sorted the native tokens of the top blockchains by current return on investment (ROI). ETH came out on top with 385 x since launch, with MATIC in second place at 301, and ADA rounding out the top three with 102.

On November 28, the total number of smart contracts on the Plutus platform on the Cardano network was 3833. The increase compared to the beginning of the year was 300%. The growth in the number of smart contracts deployed on Cardano followed the introduction of new developments aimed at expanding the functionality of this service.

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