The decentralized finance (DeFi) and blockchain sector has witnessed a considerable drop in developer activity over the past week. However, despite decline, Ethereum, BNB Chain, and Polygon are still the top blockchains. As per the data from Santiment, the other prominent blockchains based on developer activity include Solana, Arbitrum, Optimism, Cosmos, Avalanche, Harmony, and Cardano. The data highlights that the DeFi landscape is consistently grappling with minimized developer participation amid decreased investor confidence.
Ethereum Dominates with 6.1K Events and 25 Contributing Developers
Ethereum is the leading player when it comes to weekly developer activity. Over the past 7 days, Ethereum witnessed 6.1K developer activity events, showing a 52.61% dip. Additionally, 25 developers took part in these events, highlighting a 96.46% drop. Along with that, BNB Chain has become the 2nd notable blockchain, with a total of 2.7K developer activity events, expressing an 18.02% plunge. Particularly, 9 developers were a part of the respective events, presenting a 97.47% slump.
Coming after that, Polygon has become the 3rd top blockchain when it comes to developer activity. Specifically, it saw 2.2K developer activity events, indicating a 22.84% weekly decrease. At the same time, 5 developers participated in the respective events, expressing a 98.26% drop. Additionally, Solana’s 2K events accounted for an 8.79% decline, while 6 developers contributed to the events, signifying a 97.44% reduction.
Moving on, Arbitrum’s 1.8K weekly developer activity events denote a 16.84% decrease, while the number of developers participating in them was 5, underscoring a 98.01% decline. Additionally, Optimism recorded 1.7K events and 4 developers, displaying 14.22% and 98.33% slumps. Then comes Cosmos, with 1.7K events and just 2 developers, revealing 19.12% and 98.9% drops.
Harmony Bottoms List with 1.4K Events and 5 Developers
According to Santiment, Avalanche is the 8th top blockchain based on weekly developer activity, with 1.5K events as well as 5 developers. These figures account for 15.79% and 97.58% dips. Additionally, Cardano’s 1.4K events and 3 developers contributing to them show 16.52% and 98.29% decreases. Ultimately, Harmony is the last among the leading blockchains of the week, with its 1.4K events and 5 developers expressing 19.71% and 97.14% drops.
