Cardano ($ADA) continues to lead cryptocurrency development activity, outpacing other major cryptocurrencies such as Polkadot ($DOT), Kusama ($KSM), Hedera ($HBAR), Aptos ($APT), Status ($SNT), Chainlink ($LINK), Cosmos ($ATOM), and Ethereum ($ETH). This information is based on Santiment’s event-based metrics, which evaluate activity on GitHub repositories over the past month. The company’s approach includes monitoring forking actions and pushing commits, while avoiding duplicate commits to ensure accuracy.
The increase in Cardano‘s development activity has been accompanied by robust market performance. In the past two weeks, Cardano’s price has increased by 36.5%, ADA address activity has increased by 23%, and whale transactions have increased by 32%. This overall increase in on-chain activity indicates increased interest and engagement with the Cardano network.
Despite a potential median monthly yield decline of 2.5%, historical data suggests a positive outlook for ADA’s price in November. The data indicates a potential 43.5% increase in ADA’s price this month, which would represent a significant return for investors and further establish Cardano’s position in the market.
