Cardano Development Activity is way ahead of the Competition

Paigambar Mohan Raj
Source: Passionate in Marketing

Cardano (ADA) is the most actively developing cryptocurrency asset, according to the crypto analytics portal Santiment. In the last 30 days, GitHub has seen more than 570 noteworthy advancements related to the blockchain. The analytics firm noted that ADA saw 18% more development than Polkadot (DOT), the second-ranked project.

Furthermore, Cardano has outperformed Ethereum (ETH) by a whopping 35.5% on the development activity front. Ethereum is currently ranked 5th in the leaderboards. Nonetheless, Ethereum leads the overall number of daily development efforts, followed by Cosmos, while Cardano is in the third position.

According to GitHub, the ADA node, which functions as a sort of aggregator for the rest of the system, receives the majority of daily developer attention and work.

Cardano smart contracts are surging as well

There were 3,791 smart contracts on Plutus, ADA’s smart contracts platform, as of November 26th. After recording 947 smart contracts on January 1, 2022, the current value indicates an increase of 300%, or by 2,844.

Source: CryptoGlobe

Notably, the surge of Cardano smart contracts comes after more network development aimed at improving the feature’s usability. The team recently focused on expanding script capability, the Plutus Debugger MVP.

Additionally, Cardano just unveiled its Plutus DApp developer resource page. With the new functionality, developers may learn how to create decentralized applications (DApps) using Plutus smart contracts, while newbies can gain knowledge of decentralized applications (DApps).

It is important to note that since the platform’s launch of the Vasil hard fork upgrade on September 22, the number of Cardano smart contracts has significantly increased. The hard fork aims to increase the scalability of the decentralized finance (DeFi) network.

At press time, ADA was trading at $0.315767, down by 0.2% in the last 24 hours. Moreover, the project is down by 89.7% from its all-time high of $3.09, attained in September of 2021.