- The Polkadot network has snagged the top position in the GitHub repository and development activity.
- DOT is making a much-needed comeback, sustaining momentum at the $4 price mark.
The Polkadot network is not slowing down, as adoption continues to soar despite the intense competition from other rival networks. In a recent development, Polkadot has emerged as a leader in the GitHub repositories and development activity. This is despite the Polkadot network having its fair share of pushbacks, courtesy of the continuous chaos that comes with the blockchain ecosystem.
Regarding GitHub repositories, Polkadot has secured one of the leading positions in recent times. Notably, GitHub repositories function as a main database for safeguarding codes, assets, and different data inputs and outputs. As such, Poldakot occupying the GitHub repository’s second position signals a significant milestone for the network in terms of strengthened security. While Ethereum took the number one spot for top blockchains by repository, Polkadot emerged second with more than 11,300 in the repository.
In addition to this, the network is also setting the pace with its weekly developer commitments. Compared to nine other blockchains, Polkadot has ranked as one of the networks with increased developer counts. Right behind Ethereum which boasts 1,698 network developers, Polkadot snagged the second position with developer counts totaling at 566 in the last week.
Not only does the metric hint at increased network activity for the network, but also highlights the network’s significant growth levels over the past few months. Other blockchain networks on the list include Solana (334 devs), Cosmos (452), Polygon (143), NEAR Protocol (115), DFINITY (118), Kusama (162), Starknet (142), and Bitcoin (319).
RANKING BLOCKCHAINS BY WEEKLY DEVS
🌟 Diving into the heart of blockchain innovation!
🚀 Ever wondered which blockchains are truly setting the pace with their weekly developer commitments?
👀Check out the list below for seeking the top-tier blockchain by the amount of Devs in… pic.twitter.com/5LfEm6Tfrm
— Polkadot Insider (@PolkadotInsider) October 21, 2023
DOT stabilizes at $4, after clearing monthly losses and sustaining weekly gains
Courtesy of the aforementioned developments and newly attained milestones, Polkadot has seen its development activities surge by 8.5 percent in the past month, according to data from Token Terminal.
Unfortunately, Polkadot’s overall value is still fluctuating despite the accelerated network growth. Within the last month, the network has seen its revenue decline by 9.8 percent.
Despite this, Polkadot’s internal activities continue to grow. In its most recent Polkadot roundup, the network spotlighted the achievements of more than 10 applications built on Polkadot, integrating new projects into the ecosystem.
1/ Every Monday the #PolkadotRoundup brings you the very latest from the Polkadot ecosystem, including news and key announcements from Polkadot’s parachain teams, ecosystem projects, and infrastructure providers 👇 pic.twitter.com/edbshZ9Bue
— Polkadot (@Polkadot) October 16, 2023
Meanwhile, the Polkadot (DOT) token has been making a slow but consistent recovery over the past couple of weeks. Currently the 15th most-valued cryptocurrency by market cap, the asset has gained around 5 percent in the last 7 days. At press time, DOT is trading at a price of $4. At the time of press, the market cap and trading volume are up by 6.78 percent and 27 percent respectively. Market data shows DOT making an upward correction as altcoins collectively move to the green zone.
