Cardano (ADA) Climbs to Top #1 in Development Activity – Santiment Analytics Firm Says


Cardano (ADA) has reclaimed its leading position in development activity, according to Santiment, a blockchain analytics firm. Over the past 30 days, Cardano recorded 611.47 significant GitHub commits, surpassing all other major cryptocurrency projects in this category.

Polkadot (DOT) and its associated canary test network, Kusama (KSM), had previously surpassed Cardano. However, the latest data shows that Polkadot and KSM accumulated 500.67 GitHub commits during the same 30-day period, sharing second place in the development activity rankings.

Santiment underscores the significance of robust development activity. This is often seen as a testament to developers’ confidence in the blockchain’s long-term sustainability. The project’s ecosystem will likely integrate new features soon.

Recent Updates from Cardano 

In the recent release of version 1.6 of the Lace wallet for Cardano, several enhancements have been introduced to enhance user experience and functionality. Notable among these improvements is the improved control over multi-staking activities. 

Users can allocate different percentages of their stakes to up to five separate stake pools, effortlessly adjusting these ratios through an intuitive interface under the “Manage” option.

The update also streamlines the multi-staking process by enabling users to conveniently view all selected pools at the top of the “Browse Pools” tab. Tooltips have been added to clarify column names, and the recovery phrase setup within the settings has been made more user-friendly.

Version 1.6 addresses multi-staking bugs, ensuring accurate fund display after multi-staking and precise calculations when a user removes a pool from their selection. The update also enhances screen responsiveness in the multi-staking section and removes the display of $ADA rewards on the mainnet.

More Insights from Santiment

Santiment also shared insights about Ethereum’s wallet activity. Approximately 8.51% of all Ethereum is currently held in exchange wallets, while the top 10 non-exchange and top 10 exchange addresses continue accumulating wealth. The ten largest Ethereum wallets not linked to exchanges have a substantial 39.22 million ETH.

On October 9, Santiment observed changes in whale activity within the XRP Ledger. Despite declining whale activity compared to 2021 and 2022, key addresses holding between 100,000 and 100 million XRP have increased their holdings. These wallets now collectively hold around $7.89 billion in XRP, compared to $7.16 billion a year ago.

Read Also: What Lies Ahead for Cardano (ADA)? Analysts Weigh In on Future Prospects 

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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