According to the latest statistics, the blockchain industry is experiencing a significant slowdown. However, despite the notable decline last month, Ethereum $BNB Chain and Polygon remain the top blockchains in terms of developer activity.
According to Santiment’s data, other major names considered include Optimism, Arbitrum, Avalanche, Solana, Cosmos, Harmony, and Cardano. The ongoing economic downturn in this regard signals a broader shift in dynamics.
Ethereum leads blockchain based on monthly developer activity despite 17.79% drop
Ethereum tops the list of major blockchains based on developer activity over a one-month period. Nevertheless, despite gaining important positions, it experienced a notable decline. Notably, a total of 50,600 developer activity events occurred in the past 30 days, a decrease of 17.79%. Additionally, there were 1.1,000 developer activity event attendees during this period, a decrease of 3.53%.
Following that, $BNB Chain took the second spot with developer activity events reaching 26.1,000 after a 16.58% drop. At the same time, a decrease of 2.49% $BNB There are 588 contributors to Chain’s developer activity events.
According to the details, Polygon ranks third among the top blockchains when it comes to developer activity. IT developer activity events decreased by 16.07% to 21.1,000 events this month. Moreover, the number of contributors decreased to 439 due to a sharp drop of 2.88%.
Since then, Optimism’s developer activity events have decreased by 13.73% to 17,500, while its 349 contributors have decreased by 1.69% over the same month. Additionally, Arbitrum recorded 16.9,000 events and 368 contributors this month, a plunge of 16.63% and 1.34%, respectively.
Avalanche is next with 16.6,000 events and 315 contributors, representing a slump of 15.16% and 1.56%. Furthermore, Solana’s 16.5,000 events and 352 contributors represent a decrease of 16.58% and 6.63% for the month as a whole.
Cardano plummets to 10th place with developer activity decreasing by 15.26%
Next, Santiment’s list of blockchains in terms of developer activity includes Comost in 8th place. Blockchain experienced 15.8K developer activity events and 299 contributors, a decrease of 9.31% and 0.9934% in 30 days.
Next, Harmony’s 13.8K events and 280 contributors account for 14.34%, a decrease of 2.44%. According to this month’s developer activity, Cardano has finally become the last name on the list of blockchain networks. There were 13.7K events and 291 contributors, representing a decrease of 15.26% and 1.36%.
