Top cryptos by technology development over the past month
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Top cryptos by technology development over the past month

<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/ugqngq/top_cryptos_by_technology_development_over_the/"> <img src="https://external-preview.redd.it/AyyLUafL_wUpzKpseD4a-oSYaknyoKju-e6xGtW2Z0M.jpg?width=640&amp;crop=smart&amp;auto=webp&amp;s=9e43991331dd592b4e0550e6dc4d2379209c3a54" alt="Top cryptos by technology development over the past month" title="Top cryptos by technology development over the past month" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Hi everyone! I've been working in the field of alternative data for a long time, and lately I have started researching the cryptocurrency market from a data point of view. Unlike on-chain analytics (like Dune), I'm looking at assets based on their off-chain, alternative, and non-financial metrics. This approach provides an informational advantage and allows to evaluate the market from new perspectives.</p> <p>Together with the team, we've analyzed 7,700 crypto projects from Coinmarketcap, got GitHub links for them, and processed and aggregated development activity data from internal .git files. <strong>Most crypto projects are open-sourced, which means that the more active the development is and the more people work on the project - the more mature it becomes from the technological perspective.</strong></p> <p>For your convenience, I have visualized this data in Metabase to share a bunch of interesting insights I found.</p> <p><strong>Here are the top cryptos by the number of active unique GitHub contributors over the past month:</strong></p> <p><a href="https://preview.redd.it/oesskg37m2x81.png?width=1350&amp;format=png&amp;auto=webp&amp;s=a6d046c1987e52090f469f34996103f36cef97a5">Top tickers by number of active contributors over the last month</a></p> <p>&#x200B;</p> <p><a href="https://preview.redd.it/kz46el09m2x81.png?width=1600&amp;format=png&amp;auto=webp&amp;s=26ce675ce0a42efde67a6e7b1258575792bcea49">Top 5 tickers by number of active contributors over the last month, stats for 1 year</a></p> <p>Looks interesting, isn't it? Solana (SOL) and Polkadot (DOT) have been in the public eye for quite a long time - so it's hardly surprising that they are developing actively and have enough engineers to support the projects.</p> <p>But what about TokenPocket, Elrond, and Interner Computer? Let's dive into them.</p> <p>&#x200B;</p> <p><strong>1.</strong> <a href="https://www.tokenpocket.pro/"><strong>TokenPocket</strong></a> <strong>(TPT)</strong> - is a trusted multi-chain wallet that supports multi coins. You can store, send and receive your Bitcoin (BTC), Ethereum (ETH), EOS, TRON (TRX), IOST, Cosmos and Binance (BNB) easily.</p> <p>Looking at TPT's development activity chart - in June 2021, they had a dramatic increase in the number of GitHub contributors. It can be due to the fact that starting from the summer of 2021, TokenPocker has started actively integrating with other well-known platforms and payment services. See their <a href="https://twitter.com/TokenPocket_TP">Twitter</a> or <a href="https://tokenpocket-gm.medium.com/">Medium blog</a> for all the news.</p> <p><a href="https://preview.redd.it/fmxok3rbm2x81.png?width=1600&amp;format=png&amp;auto=webp&amp;s=e56bcc78e724c091e7a5e5701729f1ead3e5455a">Number of active contributors for TPT</a></p> <p>&#x200B;</p> <p><strong>2.</strong> <a href="https://elrond.com/"><strong>Elrond</strong></a> <strong>(EGLD)</strong> - is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, including fintech, decentralized finance and the Internet of Things.</p> <p><a href="https://preview.redd.it/kkgfqytdm2x81.png?width=1600&amp;format=png&amp;auto=webp&amp;s=f593497974e792e68073831696b36ffaa7c7aedd">Number of active contributors for Elrond</a></p> <p><strong>EGLD</strong> shows a constant growth in the number of active contributors - more than <strong>200 engineers</strong> have been engaged in developing this project in March. It results in <strong>perspective integrations</strong> with other platforms and a massive number of accounts (1.61M). One of the latest - <a href="https://t.co/XdleN9TEkh">Binance integrates Elrond tokens</a>.</p> <p>It's also worth mentioning that EGLD has good enough social performance to compete with other big players(<strong>14K</strong> Reddit members, more than <strong>60K</strong> on Telegram, and <strong>500K!</strong> on Twitter):</p> <p><a href="https://preview.redd.it/etirxetfm2x81.png?width=1600&amp;format=png&amp;auto=webp&amp;s=5a24888f5ad657263a1f26d847f3acfb4df9810f">Members of subreddit and Telegram for Elrond</a></p> <p>Last but not least, Elrond is <strong>still raising funds.</strong> <a href="https://www.crunchbase.com/organization/skynet-egld-capital">Skynet EGLD Capital</a> and <a href="https://www.crunchbase.com/organization/binance">Binance</a> are the most recent investors (March 31, 2022).</p> <p>&#x200B;</p> <p><strong>3.</strong> <a href="https://dfinity.org/"><strong>Internet Computer</strong></a> <strong>(ICP)</strong> - is a decentralized blockchain network that was officially launched in <strong>May 2021</strong> by the DFINITY Foundation with a global goal to push the boundaries of Internet functionality and support smart contract development at a larger scale.</p> <p>After its launch, the <strong>number of active contributors</strong> has started actively growing, almost doubling - from <strong>104</strong> in May 2021 to <strong>189</strong> in March 2022. The main reason for it, in our opinion - is their <a href="https://dfinity.org/grants">DFINITY Developers Grant Program</a> and own <a href="https://forum.dfinity.org/">developers forum</a> (which seems to be quite active).</p> <p><a href="https://preview.redd.it/3g857vvhm2x81.png?width=1600&amp;format=png&amp;auto=webp&amp;s=f5df3f967afa326ec93c037f4b936b7f31e99887">Number of active contributors for ICP</a></p> <p>DFINITY is funded by <strong>16 investors</strong>. <a href="https://www.crunchbase.com/organization/broslyn-capital">Broslyn Capital</a> and <a href="https://www.crunchbase.com/organization/cognisa-capital">Cognisa Capital</a> are the most recent investors. It shows a solid social appearance as well: </p> <p><a href="https://preview.redd.it/3s2eqnjkm2x81.png?width=1600&amp;format=png&amp;auto=webp&amp;s=bc735aebb3a8a2393ef2e4714efd35864ee0f743">Social stats for ICP</a></p> <p>Hope you enjoyed today's analysis! Surprisingly, among strong and popular projects with lots of funding, we can also spot such projects as TokenPocket (TPT) with a price &lt;$0.1, but the same development activity. Are these projects worth investing in? It remains to be seen, but such data insights suggest certain thoughts.</p> <p>And a small bonus - top tickers by development activity of all the time:</p> <p><a href="https://preview.redd.it/v1mgfodmm2x81.png?width=1474&amp;format=png&amp;auto=webp&amp;s=1d8b7548e9a0d3b5ae4d38ef6581ad657c660a53">https://preview.redd.it/v1mgfodmm2x81.png?width=1474&amp;format=png&amp;auto=webp&amp;s=1d8b7548e9a0d3b5ae4d38ef6581ad657c660a53</a></p> <p>P.S. If you represent a business and interested in getting access to these and many other dashboards (Discord/Telegram audience, development activity, Reddit sentiment, etc.) or API, just drop me a line here - vlad AT contora.ai</p> <p>If you want to give some recommendations on the analytics or just discuss the cryptos - please do not hesitate to contact me as well Smile</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/vilnitskiy"> /u/vilnitskiy </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ugqngq/top_cryptos_by_technology_development_over_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/ugqngq/top_cryptos_by_technology_development_over_the/">[comments]</a></span> </td></tr></table>
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