The computer is outperform on the Internet on ETH, ADA to be number 1 in the main scale star-news.press/wp

Data shows that the online computer has become the first ranked currency in this scale, before the likes of Ethereum (ETH) and Cardano (ADA).

Internet computer is the first rank in the Dev activity list

In new mail In X, Santiment participated in the Analysis Company in how to classify the higher encrypted currencies in the sector in terms of the scale of development activity during the past month. The development activity, as its name, suggests the amount of work that the developers of the digital assets project in their general GitHub warehouses.

The indicator makes this measurement in terms of “events”, where an event occurs when the developer takes any action on the warehouse, such as paying the commitment, creating a problem, or creating a withdrawal request.

The reason is that the scale does not simply take the number of obligations as the scale for the development work that has been done is that many projects in the sector are thorns (i.e. copies of a certain point) for another project.

FORKS inherits the obligations from the previous project, but these obligations do not represent the work done by the new developer. The full work of counting the charges as only one event in the methodology of the Analysis Company, with no transfer of past events, and thus the index provides a “real” representation of the developer’s work.

Now, here is the schedule that Santiment shares, which shows the 10 best cryptocurrencies in this indicator during the past month:

Looks like ETH is currently dead last on the list | Source: Santiment on X

As visible above, the online computer was the first currency in the development activity during the past month, as the value of the scale stop at 557.7 at the present time. ChainLink (Link) ranked second with 370.8 and Starknet (STRK) in third with 260.6.

Although it is larger in the maximum market, Cardano ended in fourth place where the index sits in 238.63. The most prominent, however, is the Ethereum position. The currency is the second largest in the entire sector, but it has finished working in the encrypted currencies, with a value of only 185.73.

Now, what is the development activity to get an asset? The high value of the scale can indicate that the project developers are committed to it. Although it is not certain that the only factor to be monitored, it may be a sign that the project can be in the long run and not just another rug.

The online computer exceeds the rest of the scale means that its developers are working hard to improve the network. Although this can be a positive indication of the future, this action behind the scenes usually does not translate directly into the price, at least not immediately.

ICP price

At the time of this report, the computer floats online about $ 5.26, a decrease of more than 10 % during the past week.

The price of Internet Computer seems to have moved sideways over the last month | Source: ICPUSDT on TradingView

Distinctive image from Dall-E, Santiment.net, Chart from TradingView.com

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