Cardano (ADA) tops the list of most developed projects likely to outperform Ethereum?

According to the version research In terms of the blockchain development trend of venture capital firm Outlier Ventures, Cardano is considered the most advanced project among the 50 open source protocols.

Over the past two years, Outlier Ventures has published numerous reports aimed at identifying development trends, including an increase in engagement and protocols that reflect the consistency of core developers.

Some notable mentions have been made, such as Avalanche, which saw an average increase in commitment-per-month (CPM) of nearly 700%.

But when it comes to the actual number of commits per month, Cardano is unrivaled and has a big head start. But why is that important?

Cardano is way ahead of the opponent

A commit is an approved change to the blockchain’s source code that the community and developers agree to.

The more developers work on commits and the more commits they send, the more features and improvements can be expected.

In theory, vigorous development should increase a project’s chances of success. Hence, analyzing engagement metrics is a way to measure the underlying strength of a given blockchain project.

In terms of average CPM, Cardano ranks highest with a total of 702 CPMs. This is a 24% increase from last year when the average CPM was 566.

Ethereum also shows 10.5% annual CPM growth, from 405 in five schools and 447 CPM this year, well behind Cardano’s CPM.

Source: Outlierventures.io

In terms of trend analysis of exposure, Outlier Ventures used a more macroeconomic timescale by looking at average exposure by year (CPY) rather than month.

Their research showed that the largest increase in CPY was from Avalanche. In 2019/2020, its CPY is 1,553. However, at the beginning of 2020/2021, the CPY hit 12,575, up 710%.

Ocean Protocol ranks second with a 354% increase in CPY over the previous period.

Source: Outlierventures.io

What methodology did Outlier Ventures use?

To produce the report, Outlier Ventures examined projects for the highest average commit throughput per month. Then they looked at the top 5 projects that increased engagement. Finally, they analyze projects that are becoming less active.

“We analyzed 4,831 individual repositories, 1,246,318 code commits and finally 2,002,393,842 lines of code in 172 independent Web3 projects and protocols.”

If Cardano is on the rise, is it only a matter of time before it crashes Ethereum as the second cryptocurrency by market cap?

After the successful rollout of smart contracts, the coming months will be crucial to assessing whether this happens.

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