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    ETH Whales Add Over $24 Million Worth Of Sandbox (SAND) Token

    The Sandbox Token (SAND) Eyes $1 On This Bullish Signal

    Uniswap Labs Acquires NFT Startup Genie

    Uniswap Labs Acquires NFT Startup Genie

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    Zuckerberg Confirms Instagram And Facebook Will Display NFTs Soon

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    eBay Acquires NFT Marketplace KnownOrigin, Here’s Why

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    NFT Collection Doodles Sees 400% Spike In Volumes On This

    MoonPay Launches NFT Platform In Universal Studios, Fox Partnership

    MoonPay Launches NFT Platform In Universal Studios, Fox Partnership

    Economic Fail Or Key To A Creative Future?

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    BAYC Collaborates With Rolling Stone For Limited Edition NFTs

    BAYC Collaborates With Rolling Stone For Limited Edition NFTs

    OpenSea Tightens Security To Prevent NFT Scams And Fraud

    OpenSea Tightens Security To Prevent NFT Scams And Fraud

  • Metaverse
    Demystifying Metaverse Competition - NFT News Today

    Demystifying Metaverse Competition

    The Go-To Marketplace For All Things Metaverse

    The Go-To Marketplace For All Things Metaverse

    As Otherside Land Value Drops, Yuga Labs Face Giant Tax Obligation

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  • Analysis
    Bitcoin

    Bitcoin Dips Could Be Limited, Why 100 SMA Is The Key

    Ethereum

    Ethereum Bulls In Control, Why ETH Could Clear $1,300

    Bitcoin

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    Ethereum Key Indicators Suggest Strengthening Case For More Upsides

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    Bitcoin Struggles to Rebound as Miner Capitulation Continues 

    Bitcoin Struggles to Rebound as Miner Capitulation Continues 

    Bitcoin

    Bitcoin Could Restart Increase If The Bulls Clear This Resistance

    Ethereum

    What Could Trigger Sharp Decline

  • Learn About Crypto
    Overbought vs. Oversold Signals

    Overbought vs. Oversold Signals

    What Is a Decentralized Exchange (DEX)?

    What Is a Decentralized Exchange (DEX)?

    What Is Ethereum 2.0 (The Merge)?

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    Breaking: ExxonMobil is Mining Bitcoin With Natural gas

    Iran Cuts Power Supply To Crypto Mines;

    What Is Crypto Lending

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    How to Survive a (Crypto) Bear Market

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    Top 6 Crypto Events for June 2022 – Coingape

    What Is A Bull Flag Pattern and How to Use It

    What Is A Bull Flag Pattern and How to Use It

    A Beginner’s Guide To Reversal Candlestick Patterns

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  • Regulation
    Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis

    Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis

    China’s BSN chair calls Bitcoin Ponzi, stablecoins ‘fine if regulated’

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    Catalonia is building its own metaverse, says innovation minister

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    SEC Chair Gary Gensler Proposes ‘One Rule Book’ for Regulation of All Crypto Asset Trading: Report

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    Crypto conspiracy theories abound, but prop traders are just doing their job

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    Cardano (ADA) Founder Charles Hoskinson Addresses Congress, Argues for Real-World Uses of Crypto and Blockchain

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    Billionaire Chamath Palihapitiya Issues Crypto Warning, Predicts Industry's 'Honeypots' Will Be Exposed

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    Ripple CEO Brad Garlinghouse Says SEC Contradicted Itself by Suing Over XRP and Then Allowing Coinbase IPO

    Ripple CEO Brad Garlinghouse Says SEC Contradicted Itself by Suing Over XRP and Then Allowing Coinbase IPO

    Singapore’s changed stance on crypto

    Singapore’s changed stance on crypto

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Home Altcoins

Solana [SOL] tuned in 408 Github submissions each day and here’s the takeaway

April 28, 2022
in Altcoins
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Solana [SOL] tuned in 408 Github submissions each day and here's the takeaway
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Solana might be best known for its high speeds and low fees, but those more plugged into the crypto project will also know that Solana has ambitious targets for attracting more users and more importantly, thousands of developers.

So is Solana on track to achieve this goal? Santiment’s latest insights report on crypto projects and their development rates provides a wealth of information about which networks have the best chance of making it big.

Let’s start at the very beginning

When looking at the top 10 “fastest developing assets” by analyzing developer contributions and activity, Solana bagged second place. Santiment’s report stated,

“After peaking about three months ago, the development rate has calmed down mildly. But at 408 submissions per day, the team behind Solana is clearly looking to constantly improve the asset.”

Indeed, development activity on Solana has been spiking since the beginning of April. While activity started trending downwards from 22 April, Solana’s submission per day rate – in combination with its top 10 status – is still impressive.

Source: Santiment

What’s more, investor sentiments can help instill faith in a project. This, in turn, invites developers to come over and work on the same. At press time, the weighted sentiment for Solana was around 0.096. While positive, it was far from a dangerously euphoric spike, which is good news for bulls watching the asset.

Source: Santiment

Do Re Mi Fa So-La-Na

One point of concern is that Solana volumes have been falling since about early April. While an asset’s price isn’t necessarily linked to its development activity, a fall in volumes this month is not the best sign of rising user adoption.

Source: Santiment

That being said, now the pertinent question is- Which network or project took home the trophy when it came to development activity? The Santiment insights report stated,

“According to our development activity, 30d column, Uniswap is head and shoulders above the nearest project in terms of daily notable updates to its Github.”

The report went on to show that Uniswap saw approximately 1,430 Github submissions each day

What do you “moon” by that?

How is Terra [LUNA] doing? Commonly held up as SOL’s rival in terms of price, a look at LUNA’s development activity was 7.69 to Solana’s 75 at press time.

Source: Santiment

This highlights why it’s important for traders to look beyond the numbers and assess both an asset’s price and its development potential.

Source link

Tags: DayGitHubHeresSOLSolanasubmissionstakeawaytuned
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