Thu, September 19, 2024 at 01:09

• 

  Joy

  • Hey Annie!

  • Guess what?

  • I've got some interesting news about the Ethereum ecosystem.

  • It's been leading in development activity over the past year!🚀

  • 
• Annie

  • Oh, really?

  • That's fascinating!

  • So, how much has it grown?

  
• 

  Joy

  • Yeah, it's pretty cool!

  • The development activity for Ethereum has grown by 0.8% over the past year.

  • Not a huge jump, but still impressive!📈

• Annie

  • Hmm, 0.8% doesn't sound like much.

  • How does that compare to other ecosystems?

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Joy

  • Good question!

  • While Ethereum's growth is modest, other ecosystems like Optimism and Fantom have seen massive growths of 39% and 31%, respectively.😲

  • 
• Annie

  • Wow, that's a huge difference!

  • Does this mean Ethereum is falling behind?

  
• 

  Joy

  • Not really!

  • Despite the smaller growth, Ethereum still maintains a significant lead over other blockchains like BNB and Polygon.

  • It's still the number one in terms of development activity.💪

• Annie

  • I see.

  • So, what exactly is 'development activity' in this context?

  
• 

  Joy

  • Great question!

  • Development activity measures the amount of work developers are putting into a project on its official GitHub repository.

  • It's a good indicator of how committed developers are to the project.🛠️

• Annie

  • Got it.

  • But how do they measure this activity?

  • Is it just the number of commits?

  
• 

  Joy

  • Not exactly.

  • Santiment, the analytics firm, measures development activity in units of 'events' rather than commits.

  • This method avoids counting inherited commits from forked projects, giving a more accurate picture.📊

• Annie

  • That makes sense.

  • So, why is high development activity important for a cryptocurrency?

  
• 

  Joy

  • High development activity suggests that developers are actively working on the project, which can indicate long-term potential and commitment.

  • It's one of the signs that the project isn't just a 'rug-pull.

  • '👍

• Annie

  • Interesting!

  • But this data is for entire ecosystems, right?

  • What about individual coins?

  
• 

  Joy

  • Exactly!

  • For individual coins, you'd need to look at their specific development activities.

  • This data just shows which blockchains are getting the most developer interest overall.🌐

• Annie

  • Got it.

  • By the way, how's Ethereum's price doing right now?

  
• 

  Joy

  • As of today, Ethereum is trading at around $2,300, which is down 1% over the last week.📉

• Annie

  • Thanks for the update!

  • So, do you think this news is good or bad for the market?

  
• 

  Joy

  • Honestly, I'd say it's a bit of a mixed bag.

  • While Ethereum's dominance in development activity is good, the modest growth compared to other ecosystems might be seen as a negative.

  • It could indicate that Ethereum needs to innovate more to stay ahead.🤔

  • To sum up, this article is considered a 😱Bearish for investors!!