News

Two Ethereum competitors have demonstrated explosive growth in terms of developer activity in the past year, according to a new study.

New research from early-stage venture capital Outlier Ventures gathered data on repository hosting service GitHub to track developer activity across the top 50 blockchain protocols.

ADVERTISEMENT


 

According to the report, the smart contract platforms Cardano (ADA) and Avalanche (AVAX) both surged in terms of their number of GitHub commits.

GitHub commits serve as a barometer of community and developer activity as it refers to the amendments or additions made to the project’s source code.

Outlier Ventures examined two distinct 12 month periods: from June of 2019 through May of 2020 and from June of 2020 through May of 2021.

According to the study, Cardano is showing high volume in terms of average commits per month (CPM).

“Cardano ranks the highest in terms of average commits per month (CPM) with a total of 701 CPM, growing by 24.0% compared to the previous 12-month period.”

Source: Outlier Ventures

Outlier Ventures adds that the total monthly average of commits across all protocols was 107 CPM, which means Cardano (at 701 CPM) was 555% more active than the average protocol. Ethereum, at 447 CPM, was 317% more active than the general average across all protocols.

The study also notes that the number of commits for Ethereum competitor Avalanche has meteorically risen over the last year.

“Avalanche demonstrated an explosive growth of 709.7% of total commits in the recent 12-month period compared to the last one, going from 1,553 commits per year (CPY) to 12,575 CPY.”

Source: Outlier Ventures

The venture firm notes that Avalanche’s activity surge could be related to the launch of Avalanche-Ethereum Bridge (AEB) and Pangolin, the largest DEX on the protocol.

Looking at the number of monthly active developers, the study reveals that Ethereum is second to none, with an average of 168 per month over the most recent 12-month period. Cardano was close behind with an average of 165 active developers per month.

Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix 

ADVERTISEMENT


 

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Matthias G. Ziegler

Products You May Like

Articles You May Like

Grandpa Secret Tokens Crypto in Medicine
Bears Lose Hold On Market As Bitcoin Breaks $44,000, Crypto Market Tops Up $200 Billion
HSBC CEO backs CBDCs against crypto and stablecoins
Trading Giant Robinhood Rolling Out Crypto Wallets Next Month – The Daily Hodl
Despite Dips, Bitcoin Exchange Reserves Reach Lowest Values Since 2018
Life as a Binance Angel: From Crypto Newbie to NFT Extraordinaire – The Daily Hodl

Leave a Reply

Your email address will not be published. Required fields are marked *