Data shows Internet Computer has become the number one ranked coin in this metric, ahead of the likes of Ethereum (ETH) and Cardano (ADA).
The indicator makes this measurement in terms of ‘events,’ where an event occurs whenever the developer takes any action on the repository, like pushing a commit, creating an issue, or creating a pull request.
The reason the metric doesn’t simply take the number of commits as the gauge for development work done is that many projects in the sector are forks (that is, copies until a certain point) of another project.
Forks inherit the commits from the prior project, but these commits naturally don’t represent the work done by the new developer. The entire act of forking counts as just one event in the analytics firm’s methodology, with past events not transitioning over, so the indicator provides a ‘true’ representation of the developer’s work.
Now, here is the table shared by Santiment that shows the top 10 cryptocurrencies in this indicator over the last month:
As is visible above, Internet Computer has been the number one coin in Development Activity during the past month, with the metric’s value standing at 557.7 right now. Chainlink (LINK) has taken the second spot with a value of 370.8 and Starknet (STRK) the third position with 260.6.
Internet Computer being above the rest in the metric implies its developers are working hard at improving the network. Though, while this can be a positive indication for the future, this behind-the-scenes work usually doesn’t directly translate to the price, at least not immediately.
At the time of writing, Internet Computer is floating around $5.26, down over 10% during the past week.
