Uniswap Ranked as the Fastest-Developing Protocol -Breaking
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Uniswap – Ranked the Fastest-Developing ProtocolAccording to Santiment blockchain data analysis firm, decentralized exchange (UNI), has been the fastest-developing cryptocurrency protocol over the past month, in terms of daily noteworthy Github activity.
We’ve seen many of the usual suspects continue their reign amongst the top development activity leaders, like $UNI, $SOL, & $DOT. Our latest insights examine whether they are moving in the correct direction while suppressing prices. https://t.co/UaQmL91Pjq pic.twitter.com/1FlHGI1vFw
— Santiment (@santimentfeed) April 27, 2022
A high degree of involvement by developers is considered a benefit for cryptocurrency projects. Developers value time and won’t contribute to projects they don’t believe have the potential for growth in the future. This is why Github users with high activity are automatically given higher trust ratings. At the same time, it also means faster project development, and a lower likelihood of it being “just another exit scam”.
Santiment kept track of daily Github activity for various cryptocurrency projects, and created a list listing the top 30 most active projects over the last 30 days.
Uniswap The Most Active
By a wide margin Uniswap was the obvious leader, with 1,430K daily Github submissions in the past month, according to Santiment’s data.
Uniswap’s dev activity has seemingly peaked since the middle of January, jumping from “a slightly above average developed Altcoin”, to the “top developed”. UNI’s developer contributions are now three times higher than the next closest project.
The chart shows that dev activity has steadily increased since January. On the other hand, the token’s price has been heading in completely the opposite direction since the start of the year, in fact, UNI has lost more than half of its value, dropping from a price of $18.7 in January, to $8.22 as of the time of publishing.
Uniswap can be used by anyone who runs a node to interact with the smart contracts. It also has more assets than any other DEX, and is worth over $7Billion.
Solana’s Dev Involvement Decreases
On the other side of the coin, Uniswap’s closest competitors in terms of Github activity recorded much lower daily submission numbers and lagged behind by a large margin.
Solana’s (SOL) development activity took a sharp step up last October, reaching its all-time high of more than 550 daily submissions in January 2022. Since then however, Github’s dev community contributions have gradually decreased.
Kusama, (DOT), and (FIL) were the top three most active developers with 342 (for POL) and 325 (for KSM daily Github submissions), respectively.
Santiment included also (ADA), Status, (SNT), FLOW, Flow (FLOW), IOTA(MIOTA), Cosmos (ATOM), and Flow (FLOW) as top 10 most commonly developed cryptocurrency protocols. They all, with the exception of Cardano, received less than 300 Github submissions daily.
As the open-source community grew to 18.5K last year, nearly doubling the 2020 10K developers decentralized in code, Web 3.0 was booming.
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