{"id":330687,"date":"2023-07-28T14:00:49","date_gmt":"2023-07-28T08:30:49","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=330687"},"modified":"2023-07-27T23:51:07","modified_gmt":"2023-07-27T18:21:07","slug":"adas-development-activity-soars-but-the-active-users-metric-shows-that","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/adas-development-activity-soars-but-the-active-users-metric-shows-that\/","title":{"rendered":"ADA&#8217;s development activity soars, but the active users metric shows that&#8230;"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Cardano emerges with the second-highest development activity.<\/span><\/em><\/li>\n<li><em><span style=\"font-weight: 400;\">ADA price trend flashes positive as it trends above its short moving average.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Cardano [ADA} emerged as a top-ranking platform, garnering significant attention for its bustling development activity. Many talented developers are actively contributing to the network&#8217;s growth and evolution. Amidst this thriving activity, what is the state of active users on the network?<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">&#8211; How much are 1,10,100 ADAs worth today<\/p>\n<hr \/>\n<h3><b>Cardano dev activity makes a mark<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">As of 26 July, <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1684430107925176322?t=BlZYkDff-wA8E0NkX0iqjQ&amp;s=19\" target=\"_blank\" rel=\"noopener\">Santiment<\/a> unveiled a development activity ranking chart, revealing Cardano&#8217;s remarkable position in second place. This chart meticulously tracked the development efforts of various platforms over the past 30 days, and <a href=\"http:\/\/ambcrypto.com\/adas-value-takes-a-hit-but-cardanos-tvl-could-make-up-for-it-heres-how\/\" target=\"_blank\" rel=\"noopener\">Cardano<\/a> had an impressive score of over 450.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">?\u200d? Top 10 <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\">#crypto<\/a> assets by development activity: notable <a href=\"https:\/\/twitter.com\/hashtag\/github?src=hash&amp;ref_src=twsrc%5Etfw\">#github<\/a> commits, past 30 days:<\/p>\n<p>T1 <a href=\"https:\/\/twitter.com\/Polkadot?ref_src=twsrc%5Etfw\">@Polkadot<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DOT<\/a><br \/>\nT1 <a href=\"https:\/\/twitter.com\/kusamanetwork?ref_src=twsrc%5Etfw\">@kusamanetwork<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24KSM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$KSM<\/a><br \/>\n3 <a href=\"https:\/\/twitter.com\/Cardano?ref_src=twsrc%5Etfw\">@Cardano<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ADA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ADA<\/a><br \/>\n4 <a href=\"https:\/\/twitter.com\/dfinity?ref_src=twsrc%5Etfw\">@dfinity<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ICP&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ICP<\/a><br \/>\n5 <a href=\"https:\/\/twitter.com\/hedera?ref_src=twsrc%5Etfw\">@hedera<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24HBAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$HBAR<\/a><br \/>\n6 <a href=\"https:\/\/twitter.com\/vegaprotocol?ref_src=twsrc%5Etfw\">@vegaprotocol<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24VEGA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$VEGA<\/a><br \/>\n7 <a href=\"https:\/\/twitter.com\/ethstatus?ref_src=twsrc%5Etfw\">@ethstatus<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24SNT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SNT<\/a><br \/>\n8 <a href=\"https:\/\/twitter.com\/cosmos?ref_src=twsrc%5Etfw\">@cosmos<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ATOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ATOM<\/a><br \/>\n9 <a href=\"https:\/\/twitter.com\/ethereum?ref_src=twsrc%5Etfw\">@Ethereum<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a><br \/>\n10 <a href=\"https:\/\/twitter.com\/decentraland?ref_src=twsrc%5Etfw\">@decentraland<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24MANA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MANA<\/a> <a href=\"https:\/\/t.co\/SnWDQf5a3y\">pic.twitter.com\/SnWDQf5a3y<\/a><\/p>\n<p>\u2014 Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1684430107925176322?ref_src=twsrc%5Etfw\">July 27, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">Analyzing the data on Santiment, it became evident that Cardano&#8217;s network had experienced a surge in developer activity, reaching substantial heights until the start of July. However, it also witnessed a significant decline during that time. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As of this writing, developer activity on the Cardano network was again on the rise, surpassing a score of 75.\u00a0<\/span><\/p>\n<figure id=\"attachment_330750\" aria-describedby=\"caption-attachment-330750\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.53.39-27-Jul-2023.png\"><img decoding=\"async\" class=\"wp-image-330750 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.53.39-27-Jul-2023.png\" alt=\"Cardano dev activity\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.53.39-27-Jul-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.53.39-27-Jul-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.53.39-27-Jul-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.53.39-27-Jul-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.53.39-27-Jul-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.53.39-27-Jul-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-330750\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<h3><b>Cardano&#8217;s active addresses remain stable<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Over the past 30 days, development activity on <a href=\"http:\/\/ambcrypto.com\/cardano-bolsters-development-activity-as-mithril-release-looms-but-ada\/\" target=\"_blank\" rel=\"noopener\">Cardano<\/a> witnessed fluctuations with occasional spikes. On the contrary, another crucial on-chain metric exhibited a more stable trend. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As depicted in the Santiment chart, the number of active addresses consistently maintained the impressive milestone of 1 million since its rise in June.<\/span><\/p>\n<figure id=\"attachment_330752\" aria-describedby=\"caption-attachment-330752\" style=\"width: 2560px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.54.03-27-Jul-2023.png\"><img decoding=\"async\" class=\"wp-image-330752 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.54.03-27-Jul-2023.png\" alt=\"Cardano active addresses\" width=\"2560\" height=\"867\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.54.03-27-Jul-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.54.03-27-Jul-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.54.03-27-Jul-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.54.03-27-Jul-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.54.03-27-Jul-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/Cardano-ADA-12.54.03-27-Jul-2023-2048x693.png 2048w\" sizes=\"(max-width: 2560px) 100vw, 2560px\" \/><\/a><figcaption id=\"caption-attachment-330752\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Although a slight decline was noted around 2 July, the active addresses rebounded and stood at approximately 1.03 million at the time of this writing. The daily active metric also showed a relatively subdued pattern, lacking major spikes during this period. As of this writing, the daily active addresses hovered around 20,000.<\/span><\/p>\n<h3><b>ADA resumes uptrend<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">When examining the daily timeframe chart for <a href=\"http:\/\/ambcrypto.com\/chatgpt-ada-price-prediction-18\/\" target=\"_blank\" rel=\"noopener\">Cardano&#8217;s<\/a> volume metric, it became evident that significant trading activity has yet to occur. However, despite the lack of major interactions, there has been a consistent back-and-forth between buyers and sellers pressure over the past few weeks.<\/span><\/p>\n<figure id=\"attachment_330753\" aria-describedby=\"caption-attachment-330753\" style=\"width: 1398px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/ADAUSD_2023-07-27_12-27-45.png\"><img decoding=\"async\" class=\"wp-image-330753 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/ADAUSD_2023-07-27_12-27-45.png\" alt=\"ADA\/USD price trend\" width=\"1398\" height=\"764\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/ADAUSD_2023-07-27_12-27-45.png 1398w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/ADAUSD_2023-07-27_12-27-45-300x164.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/ADAUSD_2023-07-27_12-27-45-1024x560.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/07\/ADAUSD_2023-07-27_12-27-45-768x420.png 768w\" sizes=\"(max-width: 1398px) 100vw, 1398px\" \/><\/a><figcaption id=\"caption-attachment-330753\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\">&#8211; Is your portfolio green? Check out the <a href=\"http:\/\/ambcrypto.com\/calculator\/cardano-profit-calculator\" target=\"_blank\" rel=\"noopener\">Cardano Profit Calculator<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">As of this writing, the buyers&#8217; pressure seemed to have the upper hand, as <a href=\"http:\/\/ambcrypto.com\/cardano-investors-shy-away-from-ada-ahead-of-mithril-release\/\" target=\"_blank\" rel=\"noopener\">ADA<\/a> was trading at around $0.3, showcasing a notable increase of over 1.3%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Moreover, the price was currently maintaining its position above the short Moving Average (yellow line), signaling a positive trend in the market. Notably, the overall trend for Cardano remained bullish, as indicated by its Relative Strength Index (RSI) line.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano&#8217;s vibrant development activity has put it in the spotlight, but amidst the buzz, we explore the network&#8217;s active user landscape\u2014unveiling the journey of adoption and growth.<\/p>\n","protected":false},"author":76,"featured_media":330764,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-330687","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ADA&#039;s development activity soars, but the active users metric shows that... - 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