Cardano's vibrant development activity has put it in the spotlight, but amidst the buzz, we explore the network's active user landscape—unveiling the journey of adoption and growth.
Analyzing the data on Santiment, it became evident that Cardano’s network had experienced a surge in developer activity, reaching substantial heights until the start of July. However, it also witnessed a significant decline during that time.
As of this writing, developer activity on the Cardano network was again on the rise, surpassing a score of 75.Over the past 30 days, development activity onwitnessed fluctuations with occasional spikes. On the contrary, another crucial on-chain metric exhibited a more stable trend. As depicted in the Santiment chart, the number of active addresses consistently maintained the impressive milestone of 1 million since its rise in June.Although a slight decline was noted around 2 July, the active addresses rebounded and stood at approximately 1.03 million at the time of this writing. The daily active metric also showed a relatively subdued pattern, lacking major spikes during this period. As of this writing, the daily active addresses hovered around 20,000.
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