Ethereum continues to dominate the blockchain space with the highest development activity over the past week. According to data from Artemis, Ethereum recorded a staggering 42.8K commits on GitHub, far surpassing its competitors. This intense development activity reflects Ethereum’s ongoing efforts to enhance its network capabilities and maintain its position as the leading smart contract platform.
Top Blockchains by Commits and Development Activity in last 7 daysLet’s compare the top blockchains by @github commits and active developers in last 7 days, according to @artemis__xyz, in order to evaluate their current development activity. pic.twitter.com/w2beAqiHkS
— TOP 7 ICO | #StandWithUkraine (@top7ico) August 29, 2024
According to TOP 7 ICO, trailing behind Ethereum, SKALE and Algorand have shown significant development activity. SKALE registered 22.5K commits, while Algorand followed with 17K commits. Both blockchains are striving to improve their scalability and security features, aiming to attract more developers and users to their platforms. The high number of commits indicates that these blockchains are actively pushing for advancements in their protocols.
New Entrants and Consistent Performers
Newer blockchains like Scroll and Base have also made notable entries on the list, with 5,779 and 5,734 commits, respectively. These platforms are gaining traction as they introduce innovative solutions to the blockchain ecosystem. Meanwhile, Arbitrum and Cosmos, known for their focus on interoperability and scalability, recorded 5,555 and 5,473 commits, respectively, showcasing their consistent efforts in network improvement.
Polygon (MATIC), Polkadot (DOT), and BNB Chain (BNB) rounded out the top 10 with 5,293, 5,285, and 5,237 commits, respectively. These platforms have maintained a steady pace of development, focusing on enhancing user experience and network efficiency.
Developer engagement is a critical metric for assessing the health and potential growth of a blockchain network. Ethereum leads with 2,823 weekly active developers, a testament to its robust community and ongoing development efforts. Base follows with 953 active developers, while Cosmos and Polkadot also show strong developer engagement with 824 and 819 weekly active developers, respectively. These numbers reflect a vibrant ecosystem where innovation and continuous improvement are prioritized.
Other notable mentions include Arbitrum and Polygon, with 713 and 762 active developers, respectively. SKALE, despite its high number of commits, has a relatively smaller developer base of 64, which suggests that a few highly active developers may drive its development activity. BNB Chain, with 548 active developers, and Algorand, with 75, indicate a focused yet dedicated development community.
In terms of market capitalization, Ethereum stands tall with a fully diluted market cap of $305 billion, reinforcing its position as the most valuable blockchain network. Polkadot and BNB Chain also have significant market caps, with $6.55 billion and $79.4 billion, respectively. These figures highlight the economic potential and investor confidence in these networks.
Other blockchains like Arbitrum, Cosmos, and Polygon have market caps of $5.34 billion, $1.87 billion, and $4.49 billion, respectively, showcasing their competitive standing in the market. Newer entrants like Base and Scroll are yet to establish significant market caps but show promise with their active development efforts.
