Cardano leapfrogs Ethereum in developer activity. It's now third among top cryptocurrencies. Santiment, an on-chain intel platform, spilled the beans on August 6.
The rankings are based on GitHub activity. Cardano scored 452.85. Its market cap is $12.05 billion. Ethereum took a nosedive, landing in ninth place.
Internet Computer (ICP) topped the list. It scored 570.1. Hedera (HBAR) came second with 468.03.
Cardano's been busy. It's rolling out multiple projects. The Chang hard fork is on the horizon. It'll shake up Cardano's governance structure.
Dave, a Cardano enthusiast, tweeted some juicy details. About 66.47% of blocks are now Chang-ready. The upgrade's meant to beef up security and stability.
This leap over Ethereum is a big deal. It shows Cardano's got grit, even when the market's in a funk. But Ethereum's not out of the game yet.
Other big names made the top 10 too. Chainlink, Optimism, Cosmos, Starknet, Ethstatus, and Polkadot all showed up to the party.
Cardano's price is perking up a bit. It's up 14.41% over the week. Trading volume's jumped 49.66% in 24 hours.
As of writing, Cardano's trading at $0.33. It's had a rough month, but things are looking up. At least that's what the numbers are saying.
Javon Marks, a crypto analyst, is pretty bullish on Cardano. He reckons it could hit $5 in this cycle. That's some serious optimism right there.
So, what's the takeaway? Cardano's making waves in the dev world. It's giving the big boys a run for their money. But in crypto, things change fast. Keep your eyes peeled.