Cardano Leads Development Activity in 2022, Reversing Bear Market Trends

• Cardano is the leading blockchain for development activity in 2022 according to a report shared by Santiment.
• Polkadot, Cosmos, Ethereum, InternetComputer, Elrond, Flow, Optimism, Aptos, and Polygon follow Cardano in the ranking.
• Cardano’s growth can be attributed to active network contributors and development activity surpassing 140,000.

The year 2022 is proving to be a big one for blockchain technology as Cardano has taken the lead in overall development activity. A report shared by Santiment reveals that Cardano has unseated nine other blockchain protocols to take the top spot. This is a remarkable milestone for the network, especially considering that the year has seen much pushback from the bear market that has stunted the growth of many protocols.

The metrics from the report show that Cardano is at the top of the list, followed by Polkadot (DOT), Cosmos (ATOM), Ethereum (ETH), InternetComputer (ICP), Elrond (EGLD), Flow (FLOW), Optimism (OP), Aptos (APT) and Polygon (MATIC).

Cardano’s success can be attributed to the active network contributors, which came to a total of 53. Additionally, Santiment observed the state of the Solana and Aptos Blockchain, noting that Aptos has been working hard before the mainnet launch and has since slowed down. Solana, on the other hand, has strong development activity, but the metric has been declining significantly throughout the year.

In November of this year, Cardano saw a bullish reversal trend among ADA sellers, with the number of short positions decreasing significantly. This reversal trend further reinforces the success of Cardano in the blockchain space.

Overall, Cardano’s success in leading the development activity of 2022 is a testament to the hard work and dedication of the network contributors and developers. With the year coming to a close, it is clear that Cardano has had a stellar year and will continue to do so in the years to come.