Cardano remains development king.
In a tweet yesterday, Contora, a platform tracking social and technology-related data on cryptocurrencies, revealed that it had revised its rankings for August, saying that Cardano had the highest development activity for the period.
“Our team analyzed the development activity of 7,400 crypto projects in August and improved our algorithms. Cardano is a new leader!” Contora said in their tweet.
Our team analyzed the development activity of 7,400 crypto projects in August and improved our algorithms.@Cardano is a new leader!https://t.co/nK5DrTMxWt
— Contora.ai (@Contora_) September 12, 2022
Contora disclosed that Cardano developers reached out following its previous ranking that placed Ethereum as number one and did not see Cardano anywhere in the top 20. Consequently, Contora discovered that it had been tracking only the Cardano Foundation profile on Github and had not taken note of the Input-Output account. As a result, its new analysis reveals that Cardano leads the pack with 357 active Github contributors. Cardano is almost 3% ahead of Ethereum in the number of active contributors.
It bears mentioning that Cardano has led the crypto market in development activity for several months. However, it appeared to be unseated by Ethereum in August as The Merge upgrade edged closer as both Santiment and Contora ranked Ethereum on top.
As highlighted by Contora, some of the projects driving Cardano’s increased development activity are the Vasil hard fork and increased decentralized apps (dApps) development. Notably, aside from this, in recent weeks, Cardano has rolled out Mithril, a network optimization solution for stake pool operators (SPOs) testing. Additionally, a developer last Wednesday launched a wallet-to-wallet Cardano chat platform.
Cardano’s most significant upgrade to date as per the expected date of September 22 is now less than ten days away. At the time of writing, information on the Cardano Vasil hard fork readiness page reveals that 95% of SPOs are producing blocks with the final node version for the upgrade, node 1.35.3, well past the benchmark of 75%, additionally several top exchanges are Vasil ready including Binance with the benchmark of 25 exchanges well within reach and 6 out of the top 10 dApps by Total Value Locked (TVL) have concluded testing.
It bears mentioning that per the Input Output weekly development update, a Vasil test by community-driven NFT marketplace Artano revealed a 76-77% reduction in fees and a 92% reduction in transaction size. Notably, as often reported, the upgrade promises to improve the network’s scalability and smart contract functionality.
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