With more than 350 commits in the last month, Cardano (ADA) has had the most development activity in the industry, surpassing projects like Polkadot and Kusama. Ethereum and Solana, both of which have over 270 commits are other prominent projects at the top.

Especially after the smart contract update was dropped, Cardano (ADA) has long been one of the most actively developed projects in the industry. A slew of new initiatives, upgrades, and solutions have been released by the network since the beginning of 2022.

The upgrading of stake pool operators on Cardano node 1.35 was one of the most recent improvements. The latest node version is now a candidate for the final mainnet Vasil hard fork release, thanks to the new upgrade. All upgrades and corrections will have a gentle and steady launch of Vasil with the introduction of the node network.

Cardano (ADA) supports smaller solutions like the eUTxO blockchain explorer, which Charles Hoskinson, inventor of the project, has praised a lot, and Wingriders, a decentralized initiative; in addition to frequent network updates—the network is about to undergo a significant Vasil upgrade as well.

During the previous 300 days of trading, Cardano (ADA) has had a strong downtrend and has struggled to demonstrate any positive movement in the cryptocurrency market, despite the recent active development.

Cardano (ADA) has lost more than 84% of its value since September, making it one of the least lucrative assets in the whole sector. Despite continuous upgrades and increased network traffic, no signs of a reversal have shown on the market. Cardano (ADA) was trading at $0.49 at the time of writing.