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Layer-1 Ethereum Competitor Leads Crypto Space in Terms of Development Activity: Analytics Firm Santiment

n70products by n70products
June 2, 2024
in Altcoin
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Layer-1 Ethereum Competitor Leads Crypto Space in Terms of Development Activity: Analytics Firm Santiment
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New information from crypto analytics platform Santiment reveals {that a} layer-1 Ethereum (ETH) competitor is main the business when it comes to growth exercise.

In a brand new publish on the social media platform X, Santiment says that decentralized app protocol Hedera (HBAR) is main the crypto house in growth exercise over the past 30 days, overtaking sensible contract platform Cardano (ADA) and layer-2 scaling answer Optimism (OP).

Different notable digital belongings on the highest 10 listing of digital belongings with essentially the most growth exercise embody layer-2 scaling answer Polkadot (DOT) and its sister blockchain Kusama (KSM), oracle supplier Chainlink (LINK), and interoperable blockchain protocol Cosmos (ATOM).

“Listed below are crypto’s high cash by growth frequency. The workforce at Hedera has been essentially the most lively over this timeframe. The beneath listing is sorted by counting any non-redundant exercise from a challenge, and averaging this each day exercise over the previous 30 days:

1) Hedera

2) Optimism

3) Cardano

4) Chainlink

5) Starknet

6) Ethstatus

7) Dfinity

8) Cosmos

9) Polkadot

Tied 9) Kusama Community.”

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Supply: SantimentX

The market intelligence agency’s chart signifies that Hedera has a growth exercise rating of 552.97 over the past 30 days, surpassing each Optimism and Cardano, which had scores of 543.13 and 539.53, respectively.

In February, Santiment found that HBAR was ranked sixth on the highest 10 listing of crypto belongings with essentially the most growth exercise, behind Cardano, Polkadot, Kusama, Optimism, and public decentralized community Web Pc (ICP).

Hedera is buying and selling for $0.0998 at time of writing, a 1.82% lower over the past 24 hours.

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Tags: ActivityAnalyticsCompetitorCryptodevelopmentEthereumfirmLayer1LeadsSantimentSpaceTerms
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