A relatively new Ethereum (ETH) layer 2 scaling solution has topped Santiment’s ranking of ERC-20 coins in terms of recent development activity.
The cryptocurrency analytics firm recorded that Starknet (STRK) recorded 401.97 notable GitHub events over the past 30 days.
Starknet is a distributed validity rollup, also known as a zero-knowledge (ZK) rollup. Rollup is a solution that executes transactions outside of the Ethereum blockchain but records transaction data. The project launched its token last February.
STRK is trading at $0.455 at the time of this writing. The 119th-largest cryptocurrency asset by market capitalization is up more than 7% in the last 24 hours.
Last month, Starknet surpassed its most advanced project, the decentralized oracle network Chainlink (LINK), with 311.57 notable GitHub events registered. Ethereum itself came in third place with 219.13 events.
The ERC-20 project is the standard used by developers to issue tokens on the Ethereum blockchain.
Santiment points out that it doesn’t count routine updates and leverages “better methodologies” to collect data on GitHub events based on “backtested processes.”
The analytics firm previously said that the heavy development activity around cryptocurrency projects indicates that developers believe in the protocol. Development activity also suggests that a particular project is less likely to be an exit scam.
Don’t miss a beat – subscribe to get email alerts delivered straight to your inbox
Check Price Action
follow us XFacebook, Telegram
Daily Hodl Mix Surfing
 
Disclaimer: Opinions expressed on The Daily Hodl do not constitute investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that your transfers and transactions are entirely at your own risk and you will be responsible for any losses you may suffer. The Daily Hodl does not recommend the purchase or sale of any cryptocurrency or digital asset, and The Daily Hodl is not investment advice. The Daily Hodl engages in affiliate marketing.
Image created by: Midjourney