The development activity of Eos, Tron, and Bitcoin Cash shows a drop
A report published by the blockchain investment company and IA Outlier Ventures, has found a decrease in developer activity by an average of nearly 20% in 12 leading blockchain and crypt projects.
In Outlier Ventures‘ Q2 2020 Blockchain Development Report, the company notes that development fell by half for the major markets of Bitcoin Rush, Eos (EOS), and Tron (TRX).
Despite the retraction in construction, the firm notes that there are some signs of strong development activity around several crypto projects, with Theta (THETA) and Cardano (ADA) showing increases in central code updates of 931% and 580% respectively.
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Major Crypt Projects Show Decline in Development
Eos had the fastest drop in development, with the launch of the project’s mainnet in June, precipitating an 86% drop in construction underway.
Bitcoin Cash presented the second largest drop in activity, with a 63% drop in development. Outlier Ventures attributes much of the fall to the fork in Bitcoin SV (BSV) in November 2018.
Tron also showed a sharp decline in development, with a 53% drop in activity.
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Monthly active development on Tron, Eos, and Bitcoin Cash: Outlier Ventures
Active monthly development in Tron, Eos and Bitcoin Cash: Outlier Ventures
Cardano, Bitcoin (BTC), Ethereum (ETH), and Corda showed a drop in activity of almost 20%, while Ripple (XRP), Hyperledger, and Stellar (XLM) also saw their development decrease year after year.
Polkadot and Cosmos (ATOM) were the only projects that showed an increase in total development, increasing by 15% and 44% respectively.
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The code update has increased for most crypts
The report also measured the number of weekly commits and code updates for the top 30 open source protocols by market capitalization, in addition to Corda and Hyperledger.
Weekly code updates for Eos, Tron and MakerDAO (MKR) showed huge update decreases of 94%, 96% and 98% respectively, with VeChain (VET), Stellar, BSV, Neo (NEO), Crypto.com (CRO), Cosmos, IOTA (MIOTA) and Polkadot also showing overall decreases.
However, over 50% of the projects reviewed experienced a significant increase in code updates, including Ethereum Classic (ETC), Chainlink (LINK), and Bitcoin.