Polkadot and its sister-chain Kusama have been able to consistently put their best foot forward when it comes to development activity. As a result, they have been able to give neck-to-neck competition to other top projects like Ethereum and Cardano. In fact, at times, they have also been able to fare better than them.
Per a recent tweet from GitHub Analytics tracker ProofofGitHub, Polkadot, Kusama, and Ethereum occupied the top-three positions on 6 September.
In fact, there have been tangible results of development activity. For Ethereum, developers have been diverting their efforts toward the upcoming Merge. Polkadot and Kusama too have been refining their games. As reported recently, the Polkadot parachain Moonbeam reportedly integrated LayerZero, a cross-chain messaging protocol. With this, the network intends to uphold Web3 interoperability.
Now, even though the said projects have sort of sealed top spots for themselves w.r.t. GitHub activity, it should be noted that the number of weekly commit submissions and active developers for all major crypto protocols has dropped.
As illustrated below, most numbers across the board are all red for all projects. Ethereum’s monthly change on the commit front was one such exception. As such, commits refer to the changes made to the code of the ecosystem by developers.
As far as the developer count is concerned, nonetheless, the figure is down by 30% on the quarterly window for the largest altcoin project.
For Polkadot, the count has shrunk by 45%, while for Solana, Bitcoin, and Cardano the same depreciated by 52%, 33%, and 30% respectively. As far as Kusama and Polkadot are concerned, the fall in their numbers hovered in the 49%-50% bracket.
Coin flip: The other side
It’s a known fact that bear market phases are litmus test periods for investors. Weak hands usually tend to leave the ecosystem when market conditions get choppy. The ones who remain, are considered to have diamond hands, and to date, have mostly been fetched with returns over the long run.
So, just like the weak hand sieving is currently taking place in the in investor arena, a similar phenomenon is unraveling in the development space too, and ‘tourist’ builders/developers are leaving the ecosystem. Resultantly, the industry is “having some peace” to “get real work done,” per the founder of Soundwise, Natasha Che.
Furthermore, as far as the long-term game is concerned, the activity on this front for top projects like Solana, Bitcoin, and Ethereum has not remained stagnant, reassuring the growth potential.