Markets May Be Down, But These Projects Continue to Develop

Once a month or so, we like to provide updates on which projects are putting in the most effort to improve and innovate their existing products. We highly value the rate in which a project works to develop their project, as there very much is merit to top projects gaining on low developed projects, given enough time. The "cream rising to the top", essentially.

As we can see below, 7 of the top 10 projects that have had the highest development activity are in the top 32 market cap rankings. And this is no coincidence:

It is many of the usual suspects that currently make up this top 10 ranking board, with Polkadot's and Kusama's shared github repository overtaking Cardano's rate of development once again, after ADA was outpacing them earlier this summer.

It's also important to take a look at context. Projects can often be in the top 10 just due to the sheer size of their coding teams and the consistency in their outputs. But this doesn't necessarily mean the project development is increasing over time.

Looking at more recent times, it does appear that Chainlink's team has been raising its development rates quite notably. Filecoin's team is also starting to pick up some steam since July.

It's no secret that prices have been down. But looking at projects that continue to stay busy and work to improve and innovate consistently is never a bad investment strategy. And it is clear that all 10 of these projects have continued to push higher with their work to make their products better.

If you haven't yet read our write-up on why development activity can be such an amazing and useful measurement for the assets you invest your hard earned money into your portfolio, you can find it here.

In it, we touch on the three primary reasons that github activity on a project is so valuable. If nothing else, we can gather that a project's team:

  • Believe that the project will be successful
  • Plans to have the project is shipping more features
  • Are signaling that there is less probability the project is just an exit scam

Before you select brand new assets to put in your portfolio, make sure to check their development activity to see if they are getting a healthy amount of activity. You can use this template here, and simply use the top left dropdown to select 1 of the 2,600+ assets that can be researched.

And on this template, you can also check out the project's contributor count to see exactly how many sources/individuals are contributing to the project's improvement and success. This information can be equally useful and provide some extra context to the overall number of notable github commits.


Disclaimer: The opinions expressed in the post are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.

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