{"id":563805,"date":"2020-09-13T11:35:38","date_gmt":"2020-09-13T08:35:38","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=563805"},"modified":"2020-09-13T11:35:38","modified_gmt":"2020-09-13T08:35:38","slug":"ethereum-eth-github-development-rates-hit-a-7-month-high","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/ethereum-eth-github-development-rates-hit-a-7-month-high\/","title":{"rendered":"Ethereum (ETH) Github Development Rates hit a 7-Month High"},"content":{"rendered":"<p><strong>Quick take:<\/strong><\/p>\n<ul>\n<li><strong>Development on the Ethereum network has reached a 7-month high<\/strong><\/li>\n<li><strong>This could be related to the continual DApp building in the DeFi industry<\/strong><\/li>\n<li><strong>Ethereum&#8217;s price in the crypto markets is once again flirting with $400<\/strong><\/li>\n<\/ul>\n<p>Ethereum&#8217;s development activity has reached a 7-month high. This is according to an analysis done by the team at Santiment feed. The last time Ethereum&#8217;s Github development activity was this high, was in February 2020. This increment in development activity further cements <a href=\"https:\/\/en.ethereumworldnews.com\/ethereum-eth-is-reestablishing-itself-as-the-1-dapp-platform\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ethereum as the choice network<\/a> for DApp developers. Below is the tweet by the team at Santiment announcing their observation of the ETH network.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/santimentfeed?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@santimentfeed<\/a> is indicating that <a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Ethereum<\/a> is reaching <a href=\"https:\/\/twitter.com\/hashtag\/Github?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#Github<\/a> development rates not seen since February (a 7-month high)!<a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">$ETH<\/a> continues to make its case as the most highly innovative network in <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">#crypto<\/a>, including the many ERC-20&#39;s under its umbrella. <a href=\"https:\/\/t.co\/QcE1g1xeOK\" rel=\"nofollow\">https:\/\/t.co\/QcE1g1xeOK<\/a> <a href=\"https:\/\/t.co\/25H7E83Ooj\" rel=\"nofollow\">pic.twitter.com\/25H7E83Ooj<\/a><\/p>\n<p>&mdash; Santiment (@santimentfeed) <a href=\"https:\/\/twitter.com\/santimentfeed\/status\/1304953169320071168?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">September 13, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>DeFi Continues to Blossom on Ethereum<\/h2>\n<p>The DeFi industry is one sure reason why development on the Ethereum network is at a 7-month high. A quick glance at <a href=\"https:\/\/defipulse.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">DeFiPulse.com<\/a> reveals that almost all DeFi projects on the ranking website, are built on Ethereum. Furthermore, the top three have over $1 Billion in total value locked. This implies that such DeFi platforms have large communities who constantly chime in on protocol improvements that get published on Github.<\/p>\n<p>One needs only to remember that both <a href=\"https:\/\/en.ethereumworldnews.com\/yam-finance-yam-successfully-migrates-to-yamv2\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Yam Finance (YAM)<\/a> and <a href=\"https:\/\/en.ethereumworldnews.com\/chef-nomi-transfers-control-of-sushiswap-to-ftx-crypto-exchange-ceo\/\" target=\"_blank\" rel=\"noopener noreferrer\">SushiSwap<\/a> underwent migrations, to further grasp the level of development activity on the Ethereum network.<\/p>\n<h2>ETH2.0 Development Could Also Be A Factor<\/h2>\n<p>Also worth mentioning is that the Ethereum network is undergoing <a href=\"https:\/\/en.ethereumworldnews.com\/ethereums-eth2-0-could-launch-as-early-as-november-2020\/\" target=\"_blank\" rel=\"noopener noreferrer\">an upgrade of its own<\/a>. Development activity related to ETH2.0 could also be a factor as to why it has risen to a 7-month high.<\/p>\n<h2>Ethereum&#8217;s Price is Once Again Flirting with $400<\/h2>\n<p>With the aforementioned launch of ETH2.0 estimated for November this year, the price of Ethereum (ETH) is once again in bullish territory after breaking the crucial $365 resistance level and turning it into support.\u00a0At the time of writing, Ethereum is trading at $386 and looks set to challenge the $400 resistance zone in the hours or days to follow.<\/p>\n<p>However, as with all digital assets, the price of Ethereum is still highly correlated with Bitcoin. Therefore, its fortunes are very much tied to those of BTC. Additionally, Bitcoin&#8217;s fortunes are tied to the stock markets. Therefore, the environment in both markets needs to be conducive enough for ETH to thrive.<\/p>\n<p>As with all analyses of <a href=\"https:\/\/en.ethereumworldnews.com\/category\/news\/latest-ethereum-eth-news\/\" target=\"_blank\" rel=\"noopener noreferrer\">Ethereum<\/a>, traders and investors are advised to use adequate stop losses and low leverage when trading ETH on the various derivatives platforms.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Quick take: Development on the Ethereum network has reached a 7-month high This could be related to the continual DApp building in the DeFi industry Ethereum&#8217;s price in the crypto markets is once again flirting with $400 Ethereum&#8217;s development activity has reached a 7-month high. This is according to an analysis done by the team at Santiment feed. The last time Ethereum&#8217;s Github development activity was this high, was in February 2020. This increment in development activity further cements Ethereum [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":59429,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[108120,823],"tags":[7092,108023,1322,108122],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/563805"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=563805"}],"version-history":[{"count":0,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/563805\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/59429"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=563805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=563805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=563805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}