🧑‍💻 Concerned that "crypto is dead" because market caps have declined over the past 6 weeks? Here is a look at the ever-rising development activity stats among the top 10 ecosystems in cryptocurrency this past month:

1) Ethereum ecosystem: +13% more dev. activity events, +1.9% more contributors

2) BNB Chain ecosystem: +17% more dev. activity events, +0.1% more contributors

3) Polygon ecosystem: +19% more dev. activity events, +1.2% more contributors

4) Arbitrum ecosystem: +20% more dev. activity events, +0.5% more contributors

5) Optimism ecosystem: +11% more dev. activity events, +0.6% more contributors

6) Avalanche ecosystem: +23% more dev. activity events, +0.7% more contributors

7) Harmony ecosystem: +26% more dev. activity events, +4.7% more contributors

8) Solana ecosystem: +17% more dev. activity events, +0.7% more contributors

9) Cosmos ecosystem: +9% more dev. activity events, +2.8% more contributors

10) Gnosis ecosystem: +25% more dev. activity events, -2.2% less contributors

🧑‍💻 When accounting for entire crypto ecosystems (all projects that currently run on a respective blockchain), Ethereum, BNB Chain, and Polygon are seeing the most development activity.

But it may surprise you to see dev. activity rate ascensions over the past 6 months from Avalanche (+10.0%), Harmony (+9.6%), and Solana (+7.4%). As more cryptocurrencies emerge that use available blockchain technology, Layer 1's that are getting the most usage will likely see advantageous market cap growth as 2025 progresses.

Follow along with the helpful Ecosystem Development Activity Events Dashboard here!

📉 After the FOMC interest rate cuts, both crypto and equities traders were left feeling a bit concerned. Not because of the current cuts, but due to Jerome Powell's projection for 2025 to have half the amount of rate cuts as expected.

Altcoins, in particular, have gotten hammered over the past 24 hours. Assets like Avalanche (-16%), Chainlink (-16%) Litecoin (-16%), and Pepe (-17%) have pulled back considerably over the past 24 hours. If this was indeed an overreaction, there is a reasonable chance that the projects with the biggest drops will be the ones worth taking the biggest dip buy chances on.

📉 Altcoins, particularly those that have surged significantly during this 2-month bull rally, have plummeted today. If retail traders react with fear and begin selling off their bags, expect a swift rebound to assets like TRX, AVAX, DOT, ICP, POL, FIL, and TIA.

📈 Bitcoin has recovered to above $96.6K today, and altcoins are surging once again as a result. Here are the top 10 coins (among $500M+ market caps) seeing crowd sentiment rises compared to the week prior:

🥳 1) Chainlink $LINK
🪩 2) Sui $SUI
🍾 3) USD Coin $USDC
🎉 4) Toncoin $TON
🪅 5) dYdX $DYDX
🥂 6) Avalanche $AVAX
🎊 7) EOS
🪇 8) Bitcoin Gold $BTG
😃 9) Popcat $POPCAT
🙌 10) Gnosisdao $GNO

🧑‍💻 Over the past year, all 10 of the top ecosystems in crypto have INCREASED their rate of development. The rising amount of notable github events from each of these ecosystems is an objectively strong sign for the future of cryptocurrency:

1) Optimism: +45.6% Increase
2) Avalanche: +20.3% Increase
3) Arbitrum: +16.6% Increase
4) Solana: +14.1% Increase
5) Harmony: +10.1% Increase
6) Cosmos: +8.8% Increase
7) BNB Chain: +5.1% Increase
8) Polkadot: +1.5% Increase
9) Ethereum: +1.4% Increase
10) Polygon: +0.6% Increase

Continue to track ecosystem growth for hundreds of ecosystems using the completely FREE Santiment Development Activity dashboard here!

🗣️ According to rises in social volume frequency, the top rising coins by crowd interest levels are:

🥇 LooksRare $LOOKS: NFT marketplace throwing several notable raffles and giveaways, causing trader enthusiasm.

🥈 Avalanche $AVAX: The #12 market cap asset has grown by +11.1% in the past 5 days, with the crowd noting its overperformance compared to other altcoins.

🥉 Beam $BEAM: Gaining attention among users interested in privacy-focused cryptocurrencies. Additionally, there are mentions of Beam's development progress and community engagement, indicating an active discourse around its features and market positioning.

🧑‍💻 Looking at full crypto ecosystem development activity provides nice long-term roadmaps as to which are innovating and gaining on the ultra-competitive competition that this sector provides.

As of the first week of October, Solana's has continued to emerge with a +10.7% rise in notable github events. Arbitrum's and Avalanche's ecosystems have also had +5.2% growth in development during this stretch.

Keep tabs on Santiment's FREE development activity dashboard here: https://app.santiment.net/dev-activity

Want to suggest an ecosystem that isn't available yet? Provide it here: https://api.santiment.net/forms/suggest_ecosystems

And help suggest which new and emerging assets belong to which ecosystems here: https://api.santiment.net/forms/suggest_github_organizations

🧑‍💻 In terms of each crypto ecosystem's total development activity events, Ethereum remains on top. But Solana, Avalanche, and Cosmos are the fastest risers.

Bookmark the completely FREE Santiment Development Activity Dashboard to keep tabs here: https://app.santiment.net/dev-activity

📈 Solana and Avalanche are both seeing nice gains as crypto rebounds.

👉 SOL's rally is being accompanied by traders FOMO'ing in, meaning the rally is less likely to continue

👉 AVAX's rally is being mostly ignored by the crowd, meaning the rally is more likely to continue