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HomeCrypto NewsMarketCardano (ADA) Ranks High In List Of Top Ten Crypto Assets Based On Development Activity

Cardano (ADA) Ranks High In List Of Top Ten Crypto Assets Based On Development Activity


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A newly surfaced list by Santiment ranks Cardano (ADA) high in the list of the top ten most developed cryptocurrencies per developmental growth in the past month.

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In the wake of a bearish crypto market outlook that seems to be frustrating the development of most crypto projects, Cardano’s development team has proven dependable, as highlighted by the multiple actions recorded by the blockchain.

Amid these efforts to improve the chain, Cardano has earned a high ranking in the list of blockchains with the most increased development activity in the past month, according to Santiment, a renowned crypto analytics platform with the platform taking to X to relay its findings to its teeming followers.

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An Insight Into Cardano’s Evolution

According to the above tweet, Cardano ranks third in the standings, two spots below Polkadot (DOT) and Kusama Network (KSM).

Notable Cardano developments in the past month include the launch of a new explorer in the open beta phase and an update to Cardano’s Daedalus wallet, solving several bugs that have hindered the smooth operations of the app.

The new Cardano explorer affords ADA enthusiasts new features like staking lifecycle – a novel characteristic using live data to illustrate core blockchain concepts visually and composing reports – a way to generate downloadable information about the activity of either stake addresses or stake pools.

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Aside from the earlier mentioned three cryptocurrency projects making up Santiment’s list, others include Hedera (HBAR), Chainlink (LINK), Internet Computer (ICP), Status (SNT), Aptos (APT), Vega Protocol (VEGA), and Cosmos Hub (ATOM).

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.



Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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