Solana [SOL] tuned in 408 Github submissions each day and here’s the takeaway
Solana might be best known for its high speeds and low fees, but those more plugged into the crypto project will also know that Solana has ambitious targets for attracting more users and more importantly, thousands of developers.
So is Solana on track to achieve this goal? Santiment’s latest insights report on crypto projects and their development rates provides a wealth of information about which networks have the best chance of making it big.
When looking at the top 10 “fastest developing assets” by analyzing developer contributions and activity, Solana bagged second place. Santiment’s report stated,
“After peaking about three months ago, the development rate has calmed down mildly. But at 408 submissions per day, the team behind Solana is clearly looking to constantly improve the asset.”
Indeed, development activity on Solana has been spiking since the beginning of April. While activity started trending downwards from 22 April, Solana’s submission per day rate – in combination with its top 10 status – is still impressive.
Source: Santiment
What’s more, investor sentiments can help instill faith in a project. This, in turn, invites developers to come over and work on the same. At press time, the weighted sentiment for Solana was around 0.096. While positive, it was far from a dangerously euphoric spike, which is good news for bulls watching the asset.
Source: Santiment
One point of concern is that Solana volumes have been falling since about early April. While an asset’s price isn’t necessarily linked to its development activity, a fall in volumes this month is not the best sign of rising user adoption.
Source: Santiment
That being said, now the pertinent question is- Which network or project took home the trophy when it came to
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