Developer activity is a key crypto investing metric that investors have to evaluate before jumping into an unpredictable cryptocurrency market. Investors can study developer activity on blockchain data platforms like Flipside and Santiment. They can also receive direct updates from leading blockchain developers on social platforms like X and Discord.
Remember, cryptocurrencies are highly-risk assets. Always do your own research before investing. The information in this guide does not constitute investment advice and is meant for informational purposes only.
Developer activity refers to work being done behind the scenes to upgrade blockchain systems, fix issues, and add new features and smart contracts to a cryptocurrency network. The open-source nature of cryptocurrency projects allows us to measure developer activity in near real-time by monitoring contributor activity on a developer platform called GitHub and by tracking smart contract deployment on-chain.
