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Hedera Leads Development: Blockchain’s Bright Future
- Hedera leads the cryptocurrency development effort, demonstrating strong innovation and a vibrant developer community.
- Hedera collaborates with the Nordic Blockchain Association to promote blockchain adoption in Denmark.
Second recent information from the Santiment market intelligence platform, Ivy still ranks first among cryptocurrencies in terms of development frequency. Chainlink has meanwhile entered the second place, showing a radical change in the development scene.
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🧑💻 Here are the top cryptocurrencies by development rate. Hedera remains in the top spot, with Chainlink slipping to #2.
The list below is sorted by counting any non-redundant activity from a project and averaging this daily activity over the last 30 days. Arrows… photo.twitter.com/pcmfFC7QVz
— Santiment (@santimentfeed) July 1, 2024
Hedera’s dominance in development activity
According to Santiment data, Hedera has outpaced the pack in non-redundant development activity frequency over the past 30 days. Counting and averaging daily activities, this metric highlights Hedera’s dedication to continuous innovation and progress.
Reflecting its strong and active developer community, the data paints a clear picture of of Ivy leadership in the field of cryptocurrency development.
Climbing to second place, another well-known cryptocurrency market participant, Chainlink, shows the results of its solid development activities.
The rankings provide a dynamic view of the cryptocurrency market, with arrows indicating an increase or decrease compared to the previous month’s update. This change highlights not only the competitive nature of blockchain evolution, but also the need for constant innovation.
Role in Open Banking Solutions
Another important change is the emphasis by BankSocial on its need ON Hedera to provide innovative Open Banking products. These ideas are designed to help Credit Union members and the wider global society.
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Our products are built on @Ivyenabling us to pioneer the necessary actions #OpenBanking solutions for both #Credit Union members and the world.$HBAR #Ivy $BSL photo.twitter.com/PIQ9HGlwd4
— BankSocial.io (@BANKSOCIALio) June 28, 2024
Further underscoring Hedera’s important position in the blockchain ecosystem, its platform provides the technological foundation needed to implement these creative financial solutions.
Market Performance: HBAR Price Update
Meanwhile, Hedera’s native token, HBAR, has faced several difficulties in the market despite its large development activity.
CoinMarketCap data shows that HBAR price is now at $0.07556; is diminished 3.47% over the past 24 hours. Reflecting broader market volatility, the token is also showing a downward trend compared to the previous week.
When it comes to financial inclusion, Hedera’s technology is really advancing in a remarkable way. DePIN based on Hedera, VolarePikis revolutionizing financial inclusion across Africa, as previously reported by CNF.
KwikPik aims to provide disadvantaged groups with easily accessible and fast financial services, solving the general delivery problems on the continent.
On the other hand, recently cooperation between the Hedera Foundation and the Nordic Blockchain Association marks a further step in its goal of increasing blockchain acceptance.
Reflecting Hedera’s commitment to increasing its global presence and promoting creative blockchain solutions, this cooperation aims to promote greater blockchain integration in Denmark.
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