According to the latest statistics, the blockchain industry is experiencing a significant slowdown. However, despite last month’s notable decline, Ethereum is $BNB Chain and Polygon remain the top blockchains in terms of developer activity.
According to Santiment’s data, the other leading names taking into account are Optimism, Arbitrum, Avalanche, Solana, Cosmos, Harmony and Cardano. The continued downturn in this regard points to broader changing dynamics.
Ethereum Leads Blockchains by Monthly Developer Activity Despite a 17.79% Drop
Ethereum dominates the list of major blockchains based on developer activity during the month. Nevertheless, regardless of whether it has occupied the key position, it has experienced a notable decline. Specifically, there were a total of 50.6k developer activity events over the last thirty days, with a decline of 17.79%. Additionally, reflecting a 3.53% decline, there were 1.1k contributors to developer activity events during this period.
Then, $BNB Chain claimed the 2nd position as the number of Developer Activity Events reached 26.1K after a decline of 16.58%. At the same time, a decline of 2.49% has reduced the number $BNB Chain’s Developer Activity Event contributors to 588.
According to details, Polygon is the third among the top blockchains when it comes to developer activity. It Developer Activity Events fell 16.07% this month, reaching 21.1K. Additionally, contributors were reduced to 439 due to a 2.88% decline.
Afterwards, Optimism’s Developer Activity Events saw a decline of 13.73% to 17.5K, while its 349 contributors saw a decline of 1.69% over the month. Additionally, Arbitrum recorded 16.9k events and 368 contributors this month, down 16.63% and 1.34%.
Avalanche follows with 16.6k events and 315 contributors, representing 15.16% and 1.56% breakdowns. Additionally, Solana’s 16.5k events and 352 contributors indicate a decline of 16.58% and 6.63% over the month.
Cardano drops to 10th place with a 15.26% decrease in developer activity
Further down, Santiment’s list of blockchains in terms of developer activity includes Comost at the 8th position. The blockchain saw 15.8k developer activity events and 299 contributors with a decrease of 9.31% and 0.9934% over a 30-day period.
Next, Harmony’s 13.8k events and 280 contributors are responsible for declines of 14.34% and 2.44%. Ultimately, Cardano is the last name on the list of blockchain networks according to developer activity this month. There were 13.7k events and 291 contributors, with declines of 15.26% and 1.36%.