Santiment reports increased developer’s activity on the main Blockchains, amid the market drop

Amid a noticeable shrinkage in the digital asset markets, the Blockchain developer continued to rise, challenging fears that the “encryption market has died.”

A recent report from Santiment highlights growth in development efforts across the first ten ecosystems of encryption, with an increase ranging from 11 % to 26 % last month.

Increase developer activity

according to analysis From Blockchain Analysis, Harmony has recorded the highest increase in development activity, jumped by 26 %, with 4.7 % in active shareholders. Gnus closely followed with a 25 % increase, although Blockchain was the only 2.2 % decrease in shareholders.

Avalanche and definition also witnessed gains, with the activity increased by 23 % and 20 %, respectively. Although it is more than others by declining at the last market level, Ethereum has witnessed a 13 % jump in development events and a 1.9 % increase in active shareholders.

The BNB series ecological system has recorded a 17 % increase in developers activity, while Polygon and Solana, one of the most used Blockchain networks, saw that participation grows by 19 % and 17 %, respectively. Meanwhile, Cosmos increased 9 % in efforts, with a rise of 2.8 % in the number of shareholders.

The encryption market in the city center

These numbers come against the background of a decrease encryption market. COININCO data shows that the total market value has decreased by approximately 10 % over the past 24 hours to 2.84 trillion dollars.

Investors’ feelings have also achieved great success, as the Crypto Fear and Greed index fell from 49 to 10 at some point, which is a transformation from “neutral” to “severe fear”.

BTC is trading at 83,833 dollars after a decrease of 8.9 %, with a decrease in the market value from $ 1.85 trillion to $ 1.66 trillion. ETH has been hit more difficult, 10.9 % decreased to $ 2091, which is the lowest price in 16 months. Analysts warn that the distinctive symbol may decline to $ 1,200, reviewing its lowest levels in the market from late 2022.

Many Altcoins also decreased sharply after a brief gathering by Trump during the weekend. At the time of writing this report, XRP decreased by 8.5 % to $ 2.36, Sol decreased by 14.7 % to $ 136.4, and Ada achieved the most difficult blow, 15.6 % decreased to $ 0.804. This gathering has resulted from President Donald Trump’s announcement that the strategic reserve of proposed encryption in the United States can include these assets.

However, the market reaction was negatively to Trump’s assertion that the new definitions of 25 % on imports from Canada and Mexico will enter into force on Wednesday, as well as plans to double the tariff on Chinese goods from 10 % to 20 %.