Internet Computers (ICP) and Chainlink (LINK) are leading the cryptocurrency sector with a “historic pace” of recent development activity, according to digital asset analytics firm Santiment.
Santiment points out that Internet Computer, a public, cloud-focused decentralized network, has recorded 829 notable GitHub events over the past 30 days.
Chainlink, a decentralized oracle network, came in second place with 789.87 notable events over the same period. Hedera, a decentralized open source proof-of-stake public ledger, ranked third with 527.8.
Internet Computer, Chainlink, and Hedera (HBAR) also ranked 1st, 2nd, and 3rd, respectively, in last month’s rankings.
Ethereum (ETH) competitor Cardano (ADA) rose to fourth place this month with 430.97 notable events.
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 the project is unlikely to become an exit scam.
ICP is trading at $7.79 at the time of this writing. The 31st-ranked cryptocurrency asset by market capitalization is down nearly 2% in the last 24 hours.
LINK is trading at $12.57 at the time of this writing. The 18th-largest cryptocurrency asset by market capitalization is up nearly 3% over the past day.
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