Cardano Surpasses Ethereum in Developer Commits, Price Drops 0.253%

Cardano's latest price was $0.6857, down 0.253% in the last 24 hours. This cryptocurrency has achieved a significant milestone by surpassing Ethereum in the total number of core development commits over the past year. This accomplishment underscores the network's ongoing development and advancement, with a total of 21,258 developer commits across 550 core repositories. This surge in developer activity indicates a robust and active community dedicated to the network's growth. Additionally, the Cardano ecosystem is thriving with 38 ongoing projects and 3,888 public GitHub repositories, showcasing its expansive and dynamic development landscape.
Over the past week, Cardano-based initiatives experienced a notable increase in engagement, with 245 individual developers contributing to these projects. This engagement, although slightly lower than the previous month, still represents a significant level of activity and commitment from the developer community. The ongoing activities on GitHub are crucial indicators of the network's health and the developers' dedication to its projects. Increased network developer activity typically signals ongoing improvements and changes within projects, while decreased activity might suggest waning interest. Despite the potential for fluctuations in GitHub development activities on other networks, Cardano's recent milestone validates the positive sentiment surrounding its ecosystem.
Early this year, Cardano implemented its Constitution, marking the beginning of community-driven governance. This move supports real-time decision-making under CIP-1694, a significant step towards full network self-sustainability. Early Delegate Representatives (DReps) are now involved in making decisions for ADA owners, driving the network's progress. The governance framework includes clear procedures for proposing, debating, and voting on protocol changes, with DReps selected by ADA holders to participate in running the project. Stake Pool Operators (SPOs) share their experience to support the network's proper functioning, while the Constitutional Committee ensures the governance operates through checks and balances.
Messari’s Q1 2025 report highlights Cardano’s stablecoin market cap growth by 30%, rising from $30.2 million in 2023. This growth is attributed to the launch of the USDA and the increased usage of USDM. Additionally, Cardano’s DeFi diversity score increased by 13% due to the heightened usage of decentralized applications. The ADA Treasury also saw a 5% increase, indicating the network has sufficient reserves to support proposals. However, network activity declined with a 28% drop in transactions and fees, suggesting a need for further engagement and development within the ecosystem.
Ask Aime: Will Cardano's new milestones attract more investors?

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