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Stellar (XLM) Developers Showcase Brilliant Activity While XLM Looking for New Highs

CoinGecko, leading independent cryptocurrencies analytics vendor, tracks the activity of blockchain developers in GitHub. Crypto veterans are rare among leaders here

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Cover image via stock.adobe.com

In terms of development activity, CoinGecko tracks several metrics, i.e., quantity of commits, forks and stars on GitHub as well as the quantity of code changes added by contributors.

Stellar development activity surges

As revealed by CoinGecko "Developer" metrics, Stellar (XLM) and Chainlink (LINK) are the only top-20 products among ten teams with the highest "Code Changes" indicator levels. However, Stellar (XLM) devs surpassed their competitors from Chainlink by almost 25%.

Stellar devs activity surges
Image by Coingecko

Along with that, during the past four weeks, Chainlink (LINK) software developers added 237 commits to the open-source code of their product compared to 132 commits made by Stellar (XLM) engineers.

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One week ago, on Aug. 10, the Stellar team released new developer documentation and an upgraded glossary.

Besides hosting a number of technical AMAs, the Stellar (XLM) team also released detailed tutorials about account settings, transactions, smart contracts design and other subjects.

XLM is above moving averages, targets new local highs

Prominent cryptocurrencies analyst and trader Michael van de Poppe has outlined in a recent tweet that Stellar Lumens (XLM) managed to stay above the 50-day moving average (50MA), and even the 200-day moving average (200MA), in its trading pair with Bitcoin (BTC).

According to the expert’s opinion, shared in a tweet, the next target for the XLMBTC pair may be around 1400 Satoshis.

As covered by CryptoComes, Stellar validators have recently shown no mercy to XRP-backed criticism. This is how the Stellar (XLM) community responded to a poisoned blog post by an XRP Army member. The skeptic had claimed inter alia that the Stellar Development Foundation has been incorporated in a shady manner.

👉 MUST READ Stellar (XLM) Validator Dismisses Criticism as XRP Community Calls it 'Buggier Copy of Ripple'related article image

Stellar operator Armajeddon, as a response, outlined that XRPL has no team and shows no signs of development progress.

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Vladislav Sopov

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)