Profitability and Developer Activity in Layer-1 Crypto Projects
According to IntoTheBlock’s Layer-1 data, the most inflationary crypto project is Avalanche (AVAX), while the highest developer activity comes from Cardano (ADA).
Layer-1 projects’ on-chain metrics are drawing attention in the crypto space. Key metrics like inflation rate and developer activity have revealed surprising results across projects.
On-Chain Data of Layer-1 Projects
According to IntoTheBlock’s data, Bitcoin holds the top position in terms of profitability among Layer-1 projects. Tron (TRX) and Dogecoin (DOGE) follow closely behind Bitcoin.
The profitability status of investors in Layer-1 projects is as follows:
- Bitcoin (BTC): 90.96% of investors are profitable
- Tron (TRX): 93.66% of investors are profitable
- Dogecoin (DOGE): 76.94% of investors are profitable
- Ether (ETH): 61.91% of investors are profitable
- Avalanche (AVAX): 50.72% of investors are profitable
- Cardano (ADA): XX% of investors are profitable
Investor Profitability in Crypto Projects
According to recent data, 30.82% of investors in ADA have reported profits, while only 1.17% of investors in ONT have seen positive returns.
Inflation Rates Among Layer-1 Projects
Recent data on inflation rates among layer-1 blockchain projects has shown that Avalanche (AVAX) has the highest inflation rate at 14.13%. Following AVAX is Algorand (ALGO) with a 5.77% inflation rate, and Dogecoin (DOGE) with 3.52%.
On the other end of the spectrum, Tron (TRX) has become deflationary with a -2.98% inflation rate, making it the project with the lowest inflation among layer-1 projects.
Developer Activity Boosts Cardano
Cardano has seen a surge in developer activity, indicating a positive trend in the project’s growth and development.
The most active blockchain projects in terms of developer activity
According to the data, the layer-1 project with the highest developer activity is Cardano (ADA). Cardano has surged ahead of its closest competitor with a whopping 986.55 thousand commits on Github.
The higher the number of commits, the more work has been done on the respective topic. Following Cardano, Ether (ETH) comes in second place with 417.32 thousand commits. Ether had achieved efficiency with its Proof of Stake (PoS) infrastructure.
AVAX is among the blockchains with the highest developer activity, with 319.17 thousand commits. In fourth place is Litecoin (LTC) with 84.15 thousand commits.
