Cardano
(ADA)

has
faced
a
significant
blow
after
losing
its
top
position
as
the
leading
network
for
development
activities.
Despite
the
Cardano
founder,

Charles
Hoskinson,

lauding
major
updates
and
developments
within
the
blockchain
network,
ADA
has
been
overtaken
by
other
crypto
networks,
pushing
it
down
to
fifth
place. 

 

ADA
Loses
Top
Spot
For
Network
Development
Activity

In
a
recent
X
(formerly
Twitter)

post,
Santiment,
a
market
intelligence
platform
outlined
a
list
of
the
top-ranking
cryptocurrencies
with
the
highest
development
activities.
Cardano,
which
has
been
a
major
front-runner
in

developmental
projects,
has
consistently
topped
charts,
recognized
by
its
research-driven
approaches
and
commitment
to
continually

advancing
its
network

within
the
blockchain
ecosystem. 

However,
in
its
post
Santiment
disclosed
that
Cardano
now
ranks
fifth
position
amongst
the
top
10
crypto
coins
with
the
highest
network
development
frequency.
At
the
top
of
the
list
is

Hedera
(HDAR),
a
decentralized
ledger
platform
followed
by

Chainlink
(LINK),
a
decentralized
oracle
network
specializing
in
smart
contracts.
In
contrast,

Optimism
(OP)

and
Internet
Computer
(ICP)
rank
third
and
fourth
positions,
respectively.

Santiment
has
revealed
that
its
list
of
crypto
coins
with
substantial

network
developments

was
determined
and
sorted
by
observing
and
counting
primary
non-redundant
activities
in
a
project.
The
market
intelligence
platform
disclosed
that
it
had
averaged
this
daily
activity
over
the
past
30
days
to
come
up
with
its
current
results. 

Sharing
a
chart
depicting
the
prices
and
market
capitalization
of
all
top
10
crypto
coins,
Santiment
disclosed
that
the
arrows
in
the
chart
represented
cryptocurrencies
that
have
ascended
or
descended
from
their
previous
positions.
Cardano,
marked
with
a
red
arrow,
has
dropped
from
its
previous
top
position
to
fifth
place. 

 

Update
On
Various
Cardano
Network
Developments

Despite
Cardano
losing
its
top
spot
for
the
highest
development
activities,
the
cryptocurrency
still
runs
a
significant
number
of

key
projects
and
developments

aimed
at
advancing
its
ecosystem
and
improving
its
sustainability.
Collin
Brown,
a
blockchain
researcher
and
Cardano
supporter,
has

disclosed

a
few
of
the
ongoing
developments
within
the

Cardano
ecosystem.

According
to
Brown,
ADA
is
currently
undergoing
core
tech
optimizations
to
enhance
efficiency
and
performance.
The
team
behind

Mithril,
a
protocol,
which
helps
boost
Cardano
adoption,
has
also
released
a
“threat
modeling
explainer,”
enhanced
the
network’s
transaction
certification
and
fixed
transaction
verification
bugs
to

improve
scaling
efficiency. 

Cardano
is
also
taking
the
initiative
to
enhance
network
nodes
and
its

smart
contract
advancements.
The
blockchain
network
has

released

a
list
for
“Partners
and
Real
World
Integration,”
featuring
over
12
global
tier-one
companies.

At
the
heart
of
its
developmental
activities
is
its

Chang
hard
fork,
anticipated
to
launch
any
time
soon.
The
Chang
upgrade
is
expected
to
bring

new
governance

to
the
Cardano
ecosystem
and
improve
its
overall
functionality
and
performance. 

Featured
image
created
with
Dall.E,
chart
from
Tradingview.com

Go to Source
Author: Scott Matherson

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