Santiment Reveals Top Blockchain Protocols by Developer Activity

• Santiment reports surging developer activity for Internet Computer, Cardano.
• Chainlink and Optimism experience decline in developer engagement.
• Developer activity linked to project growth and adoption, per Santiment.

Santiment, a blockchain analytics platform, recently published data revealing a surge in developer activity for several top blockchain protocols, including Internet Computer (ICP) and Cardano (ADA), while activity on Chainlink (LINK) and Optimism (OP) plunged.

From the post on social media platform X (formerly Twitter), other blockchain protocols that witnessed an uptick in blockchain development activity include Cosmos (ATOM), Starknet (STRK), Ethereum (ETH), and Polkadot (DOT). On the other hand, Status (SNT) and Hedera (HBAR) also saw significant drops in developer activity. 

Notably, Internet Computer (ICP) secured the top spot in Santiment’s ranking of blockchain protocols by developer activity, followed by Hedera (HBAR) and Cardano (ADA). Chainlink (LINK) and Optimism (OP) rounded out the top five, showcasing the ongoing development in the blockchain ecosystem. Santiment emphasized the importance of this metric, stating:

“The more development activity a project has, the greater the chances are that their product will grow and be adopted by the users. However, development activity can be monitored in different ways.”

The market reacted to this news, with ICP’s price rising 5% within 24 hours to $7.70. On the other hand, ADA is up 4.20%, priced $0.3382; HBAR is up 0.58%, trading at $0.0567; LINK is up 2.46%, priced at $10.34; and OP is down 1.5% and is currently trading at $1.30. 

Further, ATOM is up 0.70% and is trading at $4.95; STRK is down 1.19% and is trading at $0.3759; SNT is up 3.58% and priced at $0.01997; and DOT is up 2.74% and is currently trading at $4.58.