Cardano became the most developed crypto on Github in 2021 — Santiment

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According to data compiled by CryptoRank and Santiment, Cardano (ADA) was the most developed crypto on Github in 2021, with over 140,000 events.

Rounding out the top three, Kusama and Polkadot in second and third place, respectively, with roughly the same number of events during the year. Cardano largely beat Ethereum’s development activity, with the latter coming in at number four. Santiment defines a Github event as creating an issue, creating a fetch request, commenting on an issue or a fetch request, and creating / featuring / observing a code repository, among others.

During a live Youtube session last week, Cardano founder Charles Hoskinson revealed that there are around 127 projects in development on the Cardano blockchain. In addition, Hoskinson expects the number of ADA users to increase tenfold from the existing 2 million thanks to the growing popularity of non-fungible tokens.

Cardano’s technological advancement is also gaining ground after Alonzo. One of the notable blockchain work in progress is the Hydra Layer Two upgrade, which channels off-chain transactions to staking pools without partitioning the ledger itself. Theoretically, this could enable advanced linear scaling of the network with hundreds of “water nodes” each processing hundreds of transactions.

Related: VCs Don’t Understand Cardano Has A Community: Charles Hoskinson

Another notable mention is a new fintech funding mechanism, known as an Initial Pooling Offering (ISPO), which is unique to the Cardano blockchain. In this configuration, blockchain enthusiasts delegate their cryptos in a protocol and receive tokens from the new project which they finance as a reward. In contrast, ADA staking rewards go to developers. The funds do not leave the delegator’s wallet, which makes the process rather secure. One such project, Genius Yield, saw its ISPO pools exceed $ 118 million in 24 hours.