What Are the Key Metrics for Measuring Developer Activity on a Blockchain Protocol?

Key metrics for measuring developer activity, which is a proxy for long-term innovation and security, include the number of core developers, the frequency of code commits to repositories (e.g. GitHub), and the number of active development grants.

Other important metrics are the number of new smart contracts deployed and the diversity of the developer ecosystem. Consistent, high-quality code contributions signal a healthy, evolving protocol, which supports a higher intrinsic value.