The most recent data also suggests that almost 14,930 developer contributions were recorded on Polkadot’s GitHub in August, setting a new monthly ATH by a wide margin.
Polkadot exceeded the margin again but for the first time in September, concluding the month with 15,433 contributions, the highest recorded on any network, including Ethereum.
New records for Polkadot
The release of new parachains continued on a regular basis, bringing the number of active ones to 40 on the experimental “canary” network, Kusama, and 26 on the main network itself. Many of these take advantage of Polkadot’s XCM cross-consensus interoperability standard.
Polkadot Subscan data revealed that September broke previous records for an ATH number of 26,258 messages sent between its parachains. In total, more than 140,000 messages have been exchanged between chains with the help of 135 channels.
Polkadot and Kusama Treasury bonds have cumulatively deployed 9.6 million DOT and 346,700 KSM (approximately $72.8 million in total) to fund ecosystem spending proposals.
Going forward, scalability in Polkadot and Kusama will take center stage. As such, founder Rob Habermeier published a roadmap highlighting an update called “Asynchronous Backup,” which aims to increase the block space from five to 10 times while reducing the block time for parachains from 12 seconds to six.
Without affecting security, the update is also expected to increase the network’s transaction per second (TPS) capacity by between 100k and one million. The asynchronous backup update is scheduled to roll out to Kusama by the end of the year, followed by Polkadot.
Paraheads is another vertical expected to be ready for release early next year. These “pay as you go” parachains are designed to ease the building process in the Polkadot ecosystem.
Polka dot decentralization
Additionally, Messari data suggests that Polkadot is the most decentralized network among its peers. The blockchain intelligence platform stated that it has a high Nakamoto coefficient which indicates a large number of nodes that need to be compromised to affect the blockchain and prevent it from working properly.
The report said:
“The relatively even distribution of validator stake strengthens Polkadot’s level of decentralization. Polkadot’s Nakamoto coefficient averages 99, giving it the highest level compared to its base layer peers.”
Behind were Solana with a Nakamoto coefficient of 31, followed by Avalanche with 30, NEAR with 9, Binance with 8, Cosmos with 7 and Polygon with 4.
It’s worth noting that Polkadot also saw steady network usage and developer activity in Q2, despite a 66% drop in valuation.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive) – Use this link to sign up to receive $100 free and 10% off Binance Futures first month fees (terms).
PrimeXBT Special Offer: Use this link to sign up and enter the code POTATO50 to receive up to $7,000 on your deposits.
This post Polkadot Dev Activity Spikes in Q3: Report
was published first on https://cryptopotato.com/polkadot-development-activity-peaks-in-q3-report/