A relatively new Ethereum (ETH) layer-2 scaling solution has soared to the top of Santiment’s rankings of ERC-20 coins in terms of recent development activity.

The crypto analytics firm notes that Starknet (STRK) clocked 401.97 notable GitHub events over the past 30 days.

Starknet is a decentralized validity rollup, otherwise known as a zero-knowledge (ZK) roll-up. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. The project launched its token last February.

STRK is trading at $0.455 at time of writing. The 119th-ranked crypto asset by market cap is up more than 7% in the past 24 hours.

Starknet surged past last month’s most-developed project, the decentralized oracle network Chainlink (LINK), which registered 311.57 notable GitHub events. Ethereum itself was third, with 219.13 events.

An ERC-20 project is a standard that developers use to issue tokens on the Ethereum blockchain.

Santiment notes that it doesn’t count routine updates and utilizes a “better methodology” to collect data for GitHub events based on a “backtested process.”

The analytics firm has previously said that heavy development activity centered around a crypto project indicates developers believe in the protocol. Development activity also suggests a given project is less likely to be an exit scam.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post New Ethereum Layer-2 Scaler Soars to Top of Santiment’s Rankings of ERC-20 Coins by Development Activity appeared first on The Daily Hodl.

A relatively new Ethereum (ETH) layer-2 scaling solution has soared to the top of Santiment’s rankings of ERC-20 coins in terms of recent development activity.

The crypto analytics firm notes that Starknet (STRK) clocked 401.97 notable GitHub events over the past 30 days.

Starknet is a decentralized validity rollup, otherwise known as a zero-knowledge (ZK) roll-up. Rollups are solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. The project launched its token last February.

STRK is trading at $0.455 at time of writing. The 119th-ranked crypto asset by market cap is up more than 7% in the past 24 hours.

Starknet surged past last month’s most-developed project, the decentralized oracle network Chainlink (LINK), which registered 311.57 notable GitHub events. Ethereum itself was third, with 219.13 events.

An ERC-20 project is a standard that developers use to issue tokens on the Ethereum blockchain.

Santiment notes that it doesn’t count routine updates and utilizes a “better methodology” to collect data for GitHub events based on a “backtested process.”

The analytics firm has previously said that heavy development activity centered around a crypto project indicates developers believe in the protocol. Development activity also suggests a given project is less likely to be an exit scam.

 

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post New Ethereum Layer-2 Scaler Soars to Top of Santiment’s Rankings of ERC-20 Coins by Development Activity appeared first on The Daily Hodl.