Layer 2 networks by development activity in April

Although the crypto market witnessed significant bloodshed in April, Layer 2 networks saw substantial developer activity, indicating a strong belief in these projects despite recent falls in the value of their native tokens .

A tweet from crypto data analytics platform Santiment revealed that the top ten Layer 2 networks were selected by counting each project’s non-redundant GitHub activity and averaging their daily activity over the past 30 days .

According to Santiment, the analysts obtained the GitHub activities of the projects in their repositories through a back-testing process to ensure that only the teams’ efforts to improve and innovate were included. A project’s GitHub activity can be used to determine if the team is actively working on the protocol. High developer activity could also reduce the likelihood of a project being an exit scam.

Using Santiment’s methodology, analysts found that Ethereum-based scaling protocol Optimism emerged as the mainnet with the highest developer activity of 541.33 commits, 146% more than the next project . Conversely, its native token, OP, fell more than 17% in the last 30 days.

Following Optimism is the zero knowledge accumulation permissionless decentralized network Starknet, which recorded a developer activity of 220.23. Despite Starknet’s high activity, its native token, STRK, lost roughly 36% of its value in April.

Arbitrum was third with developer activity of 110.77, while its native asset, ARB, fell 32% over the same period. Next is Cartesian Modular Scale Protocol, Immutable X, and Skale Network, which came in fourth, fifth, and sixth, with developer activities of 56.97, 49.07, and 28.07, respectively. Its native assets also witnessed notable declines, reaching double digits.

The last four projects on the list are the Bitcoin Layer 2 sidechain MintLayer and the Ethereum-based networks Polygon, MetisDAO, and Mantle, with developer activities of 23.53, 20.43, 7.87, and 5.33. Like other projects, its native listings also posted substantial losses in April.

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