• Cardano has unseated 9 other Blockchain protocols to lead blockchain overall development activity in 2022.
• Santiment revealed a bullish reversal trend among ADA sellers, whose short positions have reduced significantly.
• Cardano also led overall blockchain activity in 2021 with development activity surpassing 140,000.
The blockchain industry made a remarkable progress in the year 2022 with Cardano leading the way. According to Santiment’s latest dev-activity metric, Cardano has made a remarkable progress, unseating 9 other blockchain protocols to lead blockchain overall development activity. This is a huge milestone for the network, particularly considering that the year was mostly filled with continuous pushback as the bear market stunted the growth of many protocols.
In addition to Cardano’s lead, Santiment has also observed the state of the Solana and Aptos Blockchain. It was noted that Aptos has been working hard before its mainnet and chilled down after. Solana, on the other hand, could have been on the chart as its devactivity is still strong, but the metric is declining heavily through the year.
In November 2020, Cardano was the first proof-of-stake blockchain to be formally verified. This was a major milestone for the network and it was the first step towards the Cardano platform becoming a trusted source of data storage and verification. This verification also helped Cardano to remain a leader in overall blockchain development activity in 2021. Santiment noted that the network’s development activity has surpassed 140,000.
Moreover, Santiment noted a bullish reversal trend among Cardano sellers as their short positions have reduced significantly. This is a positive sign for the network as it will help the network to remain a leader in the blockchain industry.
In conclusion, Cardano has made a remarkable progress to become the lead blockchain for development activity in 2022. The network’s development activity has surpassed 140,000 and Santiment has observed a bullish reversal trend among Cardano sellers. This is a major milestone for the network and it is a positive sign for the network to remain a leader in the blockchain industry.