Development Activity Across the Major Ecosystems has been on the Rise all Month

• The battle between the top smart contract platforms or “ETH killers” has taken a huge spike as developers are racing to be able to offer affordable alternatives to the top ETH projects like Aave and Uniswap that plague users with high gas fees.

• Cardanos recent release of smart contract capabilities was a factor in their spike but it is still in the very early stages. ADAX was one of the first projects built on Cardano using smart contracts to make a decentralized exchange like Uniswap.

• Polkadot has also recently announced that the second round of parachain auctions on Kusama was underway which could be a reason for the high activity. The auctions are for projects to get a spot on the DOT chain which is determined by who gets the most crowdfunding from the users of the network.