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- Despite the recent crypto market downturn, layer-2 networks have seen a surge in developer activity, indicating a strong belief in these projects.
- Data analytics platform Santiment has revealed that the top ten layer-2 networks were selected based on their non-redundant GitHub activity over the past 30 days.
- Ethereum-based scaling protocol Optimism topped the list with the highest developer activity, despite a significant drop in the value of its native token, OP.
In the midst of a turbulent crypto market, layer-2 networks are seeing a surge in developer activity, suggesting a strong belief in these projects. This article explores the top ten layer-2 networks and their recent performance.
Layer-2 Networks Witness Surge in Developer Activity
Despite the recent downturn in the crypto market, layer-2 networks have seen a significant increase in developer activity. This trend was revealed by crypto data analytics platform Santiment, which selected the top ten layer-2 networks based on their non-redundant GitHub activity over the past 30 days. This metric provides a clear indication of the teams’ efforts to improve and innovate their respective projects.
Optimism Tops the List
According to Santiment’s analysis, Ethereum-based scaling protocol Optimism emerged as the top network with the highest developer activity of 541.33 commits, a whopping 146% more than the next project. However, despite this high level of developer activity, Optimism’s native token, OP, saw a significant drop in value, plunging more than 17% in the last 30 days.
Other Noteworthy Projects
Following Optimism is Starknet, a permissionless decentralized zero knowledge-rollup network, which recorded a developer activity of 220.23. Despite this high activity, its native token, STRK, lost roughly 36% of its value in April. Other projects with notable developer activity include Arbitrum, Cartesi, Immutable X, and Skale Network, all of which saw their native tokens experience significant declines in value.
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Conclusion
While the recent downturn in the crypto market has been a cause for concern for many, the surge in developer activity on layer-2 networks provides a silver lining. Despite the drop in the value of their native tokens, these projects continue to innovate and improve, signaling a strong belief in their potential. As the crypto market continues to evolve, it will be interesting to see how these projects develop and whether their increased activity will translate into improved performance in the future.
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