Santiment Analytics Firm: Ethereum Competitor Dominates Crypto Space with Unrivaled Development Activity on Layer-1
New findings from Santiment, a crypto analytics platform, reveal that Hedera (HBAR), a decentralized app protocol and competitor to Ethereum (ETH), is currently leading the crypto industry in terms of development activity. According to a recent post on the social media platform X, Hedera has surpassed other major players like Cardano (ADA) and Optimism (OP) in terms of development activity over the past 30 days. Other noteworthy digital assets on the top 10 list include Polkadot (DOT), Kusama (KSM), Chainlink (LINK), and Cosmos (ATOM).
Santiment’s chart indicates that Hedera has a development activity score of 552.97 over the past month, surpassing Optimism and Cardano, which scored 543.13 and 539.53, respectively. This is a significant improvement for Hedera, as they were ranked 6th on the list in February. Hedera is currently trading at $0.0998, representing a 1.82% decrease in the last 24 hours.
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