Cloud-focused Web3 altcoin

Janak9955

Cloud-focused Web3 Altcoin Leads in Recent Development Activities: Santiment

According to data from the analytics firm Santiment, in terms of recent development activities, Web3 altcoins with a focus on the cloud have surpassed all other cryptocurrency projects. Santiment states that the Internet Computer (ICP), a public decentralized network, has registered 466.9 GitHub commits in the past 30 days, leading all other crypto projects.

The analytics company notes that it excludes routine updates and only uses "advanced methods" to collect data on "genuine" GitHub commits.

Internet Computer aims to add serverless cloud capabilities to the public internet. At the time of writing, the native asset ICP of this project is trading at $13.45, having dropped nearly 2% in the past 24 hours.

Source: Santiment/X

Cardano (ADA), a competitor to Ethereum (ETH), ranks second in Santiment's development activity ranking with 434.3 commits in the last 30 days. Polkadot (DOT) and its Canary network Kusama (KSM), both smart contract platforms, are tied for third place, registering 431.33 commits each, while Ethereum Layer 2 scaling solution Optimism (OP) ranks fifth with 405.7 commits.

Santiment has previously indicated that a significant amount of development activity centered around a cryptocurrency project is a positive sign. It may suggest that developers believe in the success of the protocol, or the project is about to introduce new features. This also indicates a lower likelihood that the project is an exit scam.

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