- Though dev activity dropped, Polkadot’s network activity hiked on the charts
- A trend reversal could be on the cards for DOT’s price action
Polkadot [DOT] has been renowned for having robust development activity consistently over the years. However, as per recent data, other blockchains like Ethereum [ETH] and BNB Chain have emerged to overtake its levels over the last few days. While this shift happened, DOT’s price action turned bearish on the charts.
Polkadot’s development activity drops
Coin98 Analytics recently shared a tweet 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.
Though the number by itself wasn’t low, it was lower than other blockchains. For instance, ETH had more than 2000 weekly developers who executed over 19,000 commits. Polkadot was also…
