Cardano Competes With Ethereum For Most Active Developers

Cardano competes with Ethereum for most active developers as it is launching the smart contracts this weekend as a part of the Alonzo network upgrade as we are reading more in our latest Cardano news today.

Cardano is launching a smart contract on the Alonzo network testnet this weekend and Ethereum and Cardano ranked first and second for most active monthly developers but Cardano did beat ETH on the number of Github commits per month. The developers behind Cardano is a proof of stake blockchain which aims to compete with Ethereum as a playground for decentralized applications and NFTs which is getting ready for the anticipated Alonzo update this weekend. They have been working hard according to the numbers from investment company Outlier Ventures.

Outlier’s recent Blockchain Development Trends analyzed the top 50 blockchains by the native asset’s market cap from 2020 and 2021 and found that Cardano had the most commits per month on the GitHub code repositories. That was 24% higher than the commits from a year ago. Ethereum came in second with 447 and IOTA ranked third with 394. Ethereum and Cardano ranked first and second in terms of monthly active developers with 168 and 165 per month but other protocols like Ocean, Terra, and Avalanche came on strogn as well last year with triple-digit percentage growth over the past year.

GitHub commits is a proxy indicator of a blockchain community’s health through an imperfect one but looking at the last year’s reports, there’s instructive in determining how seriously to take the numbers. Outlier Ventures’s Q2 2020 report found a new rise in developer activity for Polkadot and Cosmos. Months later, Polkadot’s DOT came to the top 10 by group by market cap and Cosmos’ price increased 438% over the year. The same report identified Bitcoin Cash, Tron, and EOS as seeing bigger drops in developer activity while the coins for the blockchains saw major gains over the past year. The networks dropped out of the public discourse as the platforms that have emphasized DeFi applications and NFTs took the spotlight.

The Decentralized finance applications that allow people to trade, lend and borrow crypto assets on peer to peer basis without going through financial intermediaries, surged in popularity during the past year’s Defi summer. The wave was instantly followed by a rush for NFTs as a blockchain-based token that is used to indicate ownership in a digital or real-world asset.