Cardano and Avalanche Show Explosive Growth in Developer Activity, New Study Finds
Altcoins Avalanche Bitcoin Cardano Ethereum News

Cardano and Avalanche Show Explosive Growth in Developer Activity, New Study Finds

Two Ethereum competitors have shown 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 collected data on repository hosting service GitHub to track developer activity on the top 50 blockchain protocols.

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

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

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

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

“Cardano ranks highest in terms of average commitments per month (CPM) with a total of 701 CPMs, a 24% growth compared to the previous 12-month period.”

Source: Outlier Ventures

Outlier Ventures adds that the total monthly average of confirmations across all protocols was 107 CPM, which means that 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 confirmations for Ethereum’s competitor Avalanche has skyrocketed over the past year.

ÔÇťAvalanche demonstrated an explosive growth of 709.7% of total commitments in the last 12 months period compared to the previous one, going from 1,553 commitments per year (CPY) to 12,575 CPY “.

Source: Outlier Ventures

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

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

Don’t miss a moment – sign up for email crypto alerts delivered directly to your inbox

Follow us Twitter, Facebook and Telegram

Browse Hodl’s Daily Mix

Check the latest news headlines

Disclaimer: Opinions expressed in The Daily Hodl are not 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 at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

Featured Image: Shutterstock / Matthias G. Ziegler

Leave a Reply

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