Cardano Leads Blockchain Development Activity Again in 2022!

• Cardano has unseated 9 Blockchain protocols to lead overall development activity in 2022.
• Santiment observed a bullish reversal trend among ADA sellers, with short positions reducing significantly.
• Cardano led the overall blockchain development activity in 2021, with more than 140,000 active network contributors.

Cardano, the blockchain protocol known for its smart contract capabilities, has emerged as the leader in blockchain development activity for 2022. According to Santiment, a market insights provider, Cardano unseated nine other protocols to lead the overall development activity this year. The news was shared in a tweet by Santiment today.

Behind Cardano were Polkadot (DOT), Cosmos (ATOM), Ethereum (ETH), InternetComputer (ICP), Elrond (EGLD), Flow (FLOW), Optimism (OP), Aptos (APT), and Polygon (MATIC). The milestone is a remarkable one for Cardano, considering the year was mostly filled with continuous pushback as the bear market stunted the growth of many protocols.

The growth of Cardano can be largely credited to its active network contributors, which came to a total of 53. Santiment also observed the state of the Solana and Aptos Blockchains. It was noted that Aptos had been working hard before the mainnet launch and had slowed down after, while Solana had strong development activity but the metric was declining heavily through the year.

It’s worth noting that Cardano had also led the overall blockchain development activity in 2021. Last year, development activity on the network surpassed 140,000. Additionally, back in November, Cardano was ranked first in the network’s developer activity index by Arcane Research.

The news is a huge milestone for the Cardano network, which has been steadily growing since its launch in 2017. With the network’s focus on scalability and sustainability, it looks to be on a path of greater adoption and success. As Cardano continues to lead blockchain development activity, it will be interesting to see how the protocol fares in the future.