[Ethereum leads the way with strong developer strength]
Ethereum has maintained its dominance over the blockchain industry over the past week, having the highest development activity. According to data from Artemis, Ethereum recorded 42,800 commits on GitHub, demonstrating its continued efforts to enhance the network's capabilities and position as a leading smart contract platform.
Following closely behind are SKALE and Algorand, which recorded 22,500 and 17,000 commits respectively. These blockchains are focused on improving scaling functionality and security to attract more developers and users. Newer blockchains like Scroll and Base also performed well, with 5,779 and 5,734 commits respectively. Arbitrum and Cosmos, blockchains focused on interoperability and expanding functionality, recorded 5,555 and 5,473 commits respectively.
Polygon (MATIC), Polkadot (DOT), and BNB Chain (BNB) rank in the top ten with 5,293, 5,285, and 5,237 submissions, demonstrating their efforts in improving user experience and network efficiency.
Developer participation is an important indicator for assessing the health of a blockchain network. Ethereum leads with 2,823 weekly active developers, Base is second with 953 active developers, Cosmos and Polkadot have 824 and 819 active developers respectively. Arbitrum and Polygon have 713 and 762 active developers respectively. Despite SKALE's high number of commits, its developer base is relatively small at only 64, indicating that its development activity is primarily driven by a small number of active developers. BNB Chain has 548 active developers, while Algorand has 75.
In terms of market capitalization, Ethereum leads the way with a fully diluted market capitalization of $305 billion, while Polkadot and BNB Chain have market capitalizations of $6.55 billion and $79.4 billion respectively. Other blockchains such as Arbitrum, Cosmos and Polygon have market capitalizations of US$5.34 billion, US$1.87 billion and US$4.49 billion respectively, showing their market competitiveness. Base and Scroll have not yet established significant market capitalization, but their active development efforts show potential.
