The crypto industry appears to be slowly recovering from the catastrophic collapse of the FTX crypto exchange, marking one of the worst years in the sector’s history.
However, several blockchain networks are making strides in the terms of development activity.
- According to the latest data from the crypto-analytic firm Santiment, Polkadot (DOT) and Kusama (KSM) are leading with the most GitHub commits over the past 30 days. Both networks had a score of 441.5.
- Cardano (ADA), Decentraland (MANA), and Status (SNT) are trailing behind, capturing the top five of development activity with a score of 337, 309.83, and 308.83, respectively.
- Ethereum (ETH), which went on to become the blockchain with the most active developers in 2022, assumed ninth place with a development activity score of 219.83.
- It was ranked behind networks such as Cosmos (ATOM), Filecoin (FIL), and Internet Computer (ICP), which scored 258.33, 252.67, and 220.47, respectively.
- GitHub activity is considered a crucial metric when analyzing projects. A lot of developers dedicating their time and skills typically indicates confidence in the particular ecosystem.
- Despite the brutal crypto winter, Web3 developers are on the rise. In fact, a recent report by Electric Capital stated that the number of monthly active Web3 developers has increased by 5.4% to more than 23,300 in the past year.
- More precisely, the number of “full-time” devs, defined as those who contribute to 76% of GitHub commits, surged by over 8%
- A major slump in developer activity was during the fall of the Terra ecosystem in May of 2022. The following three months saw a 26% drop in the number of weekly active Web3 developers.
- Overall, 61,127 new Web3 developers were recorded to have entered the industry in 2022, an increase of almost 26% compared to the previous year.