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Cryptocurrency News Articles

Several Major Blockchain Projects Continue Pushing Forward with Code Updates Despite Reduced Trading Volumes

May 19, 2025 at 01:00 pm

Recent data tracking GitHub-based development activity shows that several major blockchain projects continue pushing forward with code updates, even as trading volumes show signs of decline

Several Major Blockchain Projects Continue Pushing Forward with Code Updates Despite Reduced Trading Volumes

Recent data from the cryptocurrency market shows that several major blockchain projects are continuing to push forward with code updates despite signs of weakness in trading volumes.

According to the latest report by CCXV, which tracks GitHub-based development activity, Internet Computer (ICP) topped the rankings with a massive development activity score of 840.67. This puts ICP in a league of its own, with the next closest project, Chainlink (LINK), scoring 483.6.

The 30-day period saw ICP’s token price increase by 3.11% to $5.35, while the trading volume fell by 12.2%. ICP is also lagging in terms of overall valuation, with a market capitalization of $2.85 billion placing it 74th among cryptocurrencies.

Coming in second in terms of development activity was Chainlink (LINK), which reported a score of 483.6. The token’s price rose 4.97% to $16.09, though daily volume declined by 6.61%. LINK maintains a strong presence in the market with a total valuation of $10.57 billion, ranking 30th by market cap.

Among the top 10 projects, Starknet (STRK) saw the largest daily price gain, surging 5.81% to reach $0.160814. While STRK holds the lowest price, its strong performance and presence in the development rankings highlight its ongoing technical momentum.

Cardano (ADA) showed a development activity score of 321.6. Today’s 1.98% increase in the token’s price was one of the group’s lower gains. Even so, Cardano remains one of the top active development projects.

The second-biggest cryptocurrency by market cap, Ethereum (ETH), registered a growth score of 299.03. The asset’s pricing was up 3.11%, reaching $2,557.49. However, the trading volume on the network saw a sharp fall of 33.98%. This marks the biggest reduction in daily volumes for the top-ranked projects.

In the mid-range, both Sui (SUI) and DeepBook Protocol (DEEP) had a development score 289.97. While detailed information about prices and trading volumes was not available for DEEP, the similar scores indicate that both networks enjoyed continuous support from developers.

At 277.97, Avalanche (AVAX) was among the top 10 with the lowest development score. Even though developers gave it a lower ranking, its price remained high at $23.52 and its market cap was $9.89 billion.

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Other articles published on May 19, 2025