Hedera Leads in Development: Blockchain’s Bright Future

3 July 2024

in HBAR

Reading Time: 4 mins read

Hedera leads crypto development activity, showcasing strong innovation and a vibrant developer community.
Hedera partners with Nordic Blockchain Association to boost blockchain adoption in Denmark.

According to recent insights from the market intelligence platform Santiment, Hedera still ranks highest among cryptocurrencies in terms of development frequency. Chainlink has entered second place in the meantime, displaying a dramatic change in the scene of development.

????‍???? Here are crypto’s top coins by development frequency. Hedera remains at the top spot, with Chainlink sliding into the #2 position.

The below list is sorted by counting any non-redundant activity from a project, and averaging this daily activity over the past 30 days. Arrows… pic.twitter.com/pcmfFC7QVz

— Santiment (@santimentfeed) July 1, 2024

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Hedera’s Domancy in Development Activity

According to Santiment’s data, during the past 30 days, Hedera has topped the pack in frequency of non-redundant development activity. Counting and averaging everyday activities, this measure highlights Hedera’s dedication to ongoing innovation and progress.

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Reflecting its strong and active developer community, the data shows a clear image of Hedera’s leadership in the field of crypto development.

Rising to second place, another well-known participant in the crypto market, Chainlink, shows evidence of its own robust development activities.

The rankings provide a dynamic view of the cryptocurrency market, with arrows indicating an ascent or decline from the previous month’s update. This change emphasizes not just the competitive character of blockchain evolution but also the need of constant innovation.

Role in Open Banking Solutions

Another important change is BankSocial’s underlining of its need on Hedera in order to provide innovative Open Banking products. These ideas are meant to help members of Credit Union as well as the larger worldwide society.

Our products are built on @Hedera, allowing us to pioneer needed #OpenBanking solutions for both #CreditUnion members and the world.$HBAR #Hedera $BSL pic.twitter.com/PIQ9HGlwd4

— BankSocial.io (@BANKSOCIALio) June 28, 2024

Further underscoring Hedera’s important position in the blockchain ecosystem, its platform offers the technological foundation required to apply these creative financial solutions.

Market Performance: HBAR Price Update

Meanwhile, Hedera’s native token, HBAR, has had various difficulties on the market despite its great development activity.

Data from CoinMarketCap shows that HBAR’s price is now at $0.07556; it has decreased 3.47% over the last 24 hours. Reflecting more general market volatility, the token also shows a declining trend over the previous week.

Regarding financial inclusion, Hedera’s technology is advancing really noticeably. Hedera-based DePIN, KwikPik, is revolutionizing financial inclusion all throughout Africa, as previously reported by CNF.

KwikPik wants to give underprivileged groups easily available and quick financial services by fixing general delivery problems on the continent.

On the other hand, recent cooperation between the Hedera Foundation and the Nordic Blockchain Association marks yet another turning point in its aim to increase blockchain acceptance.

Reflecting Hedera’s dedication to increasing its worldwide presence and promoting creative blockchain solutions, this cooperation seeks to promote more blockchain integration in Denmark.