Polkadot [DOT] has been renowned for having robust development activity consistently over the years, but the past week was different...
has been renowned for having robust development activity consistently over the years. However, as per recent data, other blockchains likehave emerged to overtake its levels over the last few days. While this shift happened, DOT’s price action turned bearish on the charts.mentioning a list of blockchains ranked in terms of their development activity. As per the tweet, Polkadot registered 827 developers last week, with the blockchain witnessing over 5000 weekly code commits.
AMBCrypto’s analysis of Santiment’s data also revealed a similar story. We found that DOT’s development activity dropped sharply over the last seven days. However, despite the drop in dev activity, the blockchain’s dev activity contributor count spiked multiple times last week.Here, it is interesting to note that while the blockchain’s dev activity fell, its network activity registered a massive spike last week.
DOT’s funding rate has risen over the last few days too. This is a bearish development as prices tend to move in the opposite direction from the funding rate.
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