Although developers of some major crypto assets are less busy this period, those updating core codes are working hard nowadays.
After investigating 12 well known blockchain and cryptocurrency projects, Outlier Ventures has concluded that developer activities have reduced by about 20%.
In a study conducted by Outlier Ventures on developer activities at Blockchain, it was discovered that there was a 50% decrease in their activities in this second quarter of the year. The cryptocurrencies most affected include Eos (EOS) and Tron (TRX) and Bitcoin Cash (BCH)
Nevertheless, Outlier Ventures also found out that developers working on core code updates of Theta (THETA) and Cardano (ADA) were quite busy. Increase in core code updates for these projects were 931% and 580% respectively.
Drawbacks in development of some top crypto projects
EOS has recorded the slowest growth rate this period. It appears its mainnet launch which was slated for June will no longer be possible. The activities for EOS declined by about 86%.
Bitcoin cash holds the record of being the second slowest in this quarter. Development activities fell by about 63%. Outlier Ventures believes the misfortune encountered by BCH is as a result of the Bitcoin SV fork that happened in November 2018.
Tron also suffered a setback, recording about 53% decline in activity
Projects with a 20% decline in activity include Bitcoin, Ethereum and Cardano. Comparing Q2 activities for 2019 and 2020, Ripple, Hyperledger and Stellar retrogressed.
Polkadot and Cosmos (ATOM) were the only projects to show an increase in total development, increasing by 15% and 44% respectively.
Positive results on code updates for most cryptos
There was also a study on code updates and weekly commits for the first 30 open-source protocols according to market cap. Corda and Hyperledger were also included.
The results for weekly code updates returned negative for Eos, Tron and MakerDAO with 94%, 96% and 98% declines respectively. Others that suffered a decline in overall activity include VeChain, Stellar, BSV, IOTA, Polkadot, Cosmos, Neo and Crypto.com.
Notwithstanding, more than half of crypto projects made positive impacts in code updates. These ones include Ethereum Classic, Bitcoin and Chainlink.