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Chainlink Dethrones Cardano as Leading Dev Platform

Chainlink Dethrones Cardano as Leading Dev Platform

DailyCoinDailyCoin2024/03/26 15:34
By:DailyCoin
  • Chainlink has displaced Cardano as the top developer platform. 
  • Despite Cardano losing its spot, development on the network remains consistent. 
  • Former leaders of the leaderboard now find themselves far from their previous ranks. 

Cardano has long reigned as the number one developer platform thanks to its slew of consistent updates, solutions, and developer commits. However, it appears there’s a new king in town, thanks to its remarkable performance in the past month.

Chainlink Clinches #1 Title

On Friday, March 22, crypto intelligence tracker Santiment crowned Chainlink as the number one blockchain by developer activity, a title Cardano has held for months due to its active developer community. 

This is the first time Chainlink has ever broken into the top three platforms by developer activity. 

Chainlink, renowned for its decentralized oracle network, secured the top spot by a narrow margin, registering over 451 daily developer submissions on GitHub in the past 30 days. Meanwhile, Cardano closely trailed behind with 445 daily submissions, showcasing its consistent performance in this metric.

Although Cardano has been displaced from its coveted top spot, it remains strong in developer engagement, consistently ranging between 400 and 500 monthly submissions.

Interestingly, the former leaders of the developer activity leaderboard, Polkadot and Kusama, received quite a dent in their positions, dropping to 6th and 7th, respectively. The shift opened the door for newcomers like  Status and Optimism, which recorded 434 and 411 daily submissions in the past 30 days, respectively, to claim their spots.

On the Flipside

  • Chainlink represents almost half of the Total Value Locked (TVL) in oracles, securing over $24 billion .
  • Cardano DeFi TVL stood at $400 million at press time. 

Why This Matters

Developers are the backbone of every blockchain protocol and represent activity and innovation on the network. A higher number is indicative that an ecosystem is consistently building and innovating exciting new solutions. 

Read the latest Dailycoin regular: 

DailyCoin Cardano Regular: USDM Steals the Spotlight and ADA’s Rocky Recovery  

Read more about Cardano’s first Fiat-backed stablecoin:

Cardano Stablecoin Depegs… Upward? USDM Surges 400%

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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