Two Ethereum competitors have demonstrated 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 gathered data on repository hosting service GitHub to track developer activity across the top 50 blockchain protocols.
[adinserter block="1"]According to the report, the smart contract platforms Cardano (ADA) and Avalanche (AVAX) both surged in terms of their number of GitHub commits.
GitHub commits serve as a barometer of community and developer activity as it refers to the amendments or additions made to the project’s source code.
Outlier Ventures examined two distinct 12 month periods: from June of 2019 through May of 2020 and from June of 2020 through May of 2021.
According to the study, Cardano is showing high volume in terms of average commits per month (CPM).
“Cardano ranks the highest in terms of average commits per month (CPM) with a total of 701 CPM, growing by 24.0% compared to the previous 12-month period.”
Outlier Ventures adds that the total monthly average of commits across all protocols was 107 CPM, which means 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 commits for Ethereum competitor Avalanche has meteorically risen over the last year.
“Avalanche demonstrated an explosive growth of 709.7% of total commits in the recent 12-month period compared to the last one, going from 1,553 commits per year (CPY) to 12,575 CPY.”
The venture firm notes that Avalanche’s activity surge could be related to the launch of Avalanche-Ethereum Bridge (AEB) and Pangolin, the largest DEX on the protocol.
Looking at the number of monthly active developers, the study reveals that Ethereum is second to none, with an average of 168 per month over the most recent 12-month period. Cardano was close behind with an average of 165 active developers per month.
Follow us on X, Facebook and Telegram
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Surf The Daily Hodl Mix
[adinserter block="1"]
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Matthias G. Ziegler
