As the first month of 2024 came to an end, there was activity in the cryptocurrency market. Not only in terms of trade and investment, but also in the field of development. The top ten cryptocurrency projects with the most developer activity in January have been announced.
The development activities of projects are measured by the number of events in public GitHub repos.
Here are the cryptocurrencies that developers focused on most in January 2024, according to Santiment data:
- Polkadot (DOT) – 422
- Cardano (ADA) – 404
- Optimism (OP) – 360
- Hedera (HBAR) – 335
- Internet Computer (ICP) – 331
- Cosmos (ATOM) – 325
- Sui Network (SUI) – 263
- Avalanche (AVAX) – 192
- MultiversX (EGLD) – 188
- Near Protocol (NEAR) – 167
However, Santiment analysts also shared an analysis of the state of Ethereum. According to analysts, the Ethereum price exceeded the $ 2,345 threshold for the first time since January 22. However, the ETH network is seeing increasing number of addresses and network growth. According to analysts, these developments in the network may justify an increase in ETH's market value.
*This is not investment advice.